Iowa Data and Stories

State Fact Sheet

Map of Selected Projects in Iowa

Community Testimonials

The New Markets Tax Credit provision maximizes federal funding while encouraging private investment for significant economic growth; $8/private capital for every $1/federal funding. Permanency will help ensure our nation’s investors and community development professionals have consistent access to the vital resources needed to stimulate private investments in underserved regions… improving communities, generating workforce development opportunities, and inducing long-term economic growth throughout the nation. Please make the New Markets Tax Credit Permanent – Thank you!

-Melanie Holtan, Rural Development Partners

Selected Projects in Iowa

The Roshek Building

Dubuque,
IA
(2009)

Community, Mixed-use, Nonprofit Hub, Retail

CDE(s): Iowa Community Development, United Fund Advisors, USBCDE

A long underutilized historical building is rehabilitated to become an IBM regional service headquarters.

Youth & Shelter Services

Mason City,
IA
(2019)

Addiction Treatment, Behavioral Health, Community, Daycare and Early Childhood, Healthcare, Incubator, Mixed-use, Nonprofit Hub, Rural, Shelters and Community Food, Youth and Families

CDE(s): Iowa Community Development

The renovation of the YSS Francis Lauer's 31,000 sq. ft. building located in Mason City, Iowa.

Coralville Arena

Coralville,
IA
(2018)

CDE(s): Iowa Community Development

Iowa Arena in Coralville construction project received NMTC financing.

Tyson Foods

Storm Lake,
IA
(2019)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Iowa Community Development

Tyson Foods opens $50 million feed mill

Hughes Irons Building Rehab

Council Bluffs,
IA
(2009)

Community, Historic Rehabilitation, Mixed-use, Mixed-use and Commercial

CDE(s): Grow America

Restoration of the Hughes Irons Building

Nonpareil Building Restoration

Council Bluffs,
(2007)

Community, Historic Rehabilitation, Mixed-use and Commercial, Office

CDE(s): Grow America

NMTC financing restored a 1920’s newspaper building to a new economic use.

CNH Dozer

Burlington,
IA
(2012)

Auto Manufacturing, Manufacturing

CDE(s): Iowa Community Development

The CNHI Dozer Project expands the production capacity of a Burlington manufacturing plant and introduces a new product line to the plan.

Musco Lighting

Oskaloosa,
IA
(2019)

Manufacturing

CDE(s): Iowa Community Development

The expansion of approximately 56,100 sq. ft. to Musco Lighting’s existing facility

Eastern Iowa Community College: Davenport

Davenport,
IA
(2017)

College or Vocational Training

CDE(s): Iowa Community Development, Urban Research Park CDE

SCC Urban Campus renovated two currently vacant buildings to expand the current offerings of the Kahl Educational Center into a full-service community college urban campus that will mainly serve low-income

Wilson Lofts

Clinton,
IA
(2021)

Community, Culinary Entrepreneurship, Historic Rehabilitation, Housing, Makerspace, Mixed-use, Retail

CDE(s): Five Points Capital, Urban Action Community Development

NMTC Allocation supported the adaptive reuse of a historic building into a mixed-use housing and business incubator in Clinton, IA.

Habitat for Humanity of Greater Des Moines

Iowa City,
IA
(2012)

Affordable Housing

CDE(s): Iowa Community Development

$12 million in NMTCs financed 94 Habitat for Humanity homes across the state.

Cedar Valley Habitat for Humanity

Hiawatha,
IA
(2012)

Affordable Housing

CDE(s): Iowa Community Development

Construction for Habitat homes across Iowa will create 125 construction jobs and one full-time affiliate job, in addition to retaining 73 full-time and 16 part-time affiliate jobs.

Site visits and recent news related to Iowa NMTC Projects

Des Moines History Buff to Turn Eistoric Train Depot into Museum Event Center

September 5, 2017