228079 - Community Catalyst Building Remediation

The Iowa Economic Development Authority is offering a grant program to assist municipalities in the remediation, rehabilitation, or deconstruction of under‑utilized commercial buildings. Grants of up to $100,000 are available on a competitive, invitation‑only basis after a mandatory pre‑application. The program targets cities of all sizes, with 40 % of funds reserved for populations under 1,500, and aims to stimulate economic growth, improve safety and aesthetics, and encourage redevelopment of vacant properties. • Maximum grant: $100,000 per community (one building, or two adjacent buildings with same ownership). • Eligibility: City must be the applicant; pre‑application required; funds based on annual appropriation. • Focus areas: Economic development, job creation, property value increase, housing development, and population growth. • Allowed activities: Rehabilitation, deconstruction (when necessary for safety), and design compliance. • Funding priority: Projects that demonstrate catalytic impact and align with community revitalization goals.