In an effort to preserve the architectural heritage of the state while stimulating rejuvenation, the Iowa Economic Development Authority (IEDA) has announced over $19 million in awards to aid the transformation of 12 historic buildings.

These awards were granted through the Historic Preservation Tax Credit Program, which provides a state income tax credit for projects that refurbish historic, underutilized buildings while staying true to the original character-defining features.

The announcement was made by Debi Durham, director of IEDA and the Iowa Finance Authority, who underscored the importance of these projects in creating vibrant spaces for future generations while honoring the architectural legacy of the community.

The recent round of applications, which opened in January, offered approximately $19 million for awards. Out of 13 applications that requested over $37 million in tax credits, these projects were chosen based on their readiness, financial planning, and local support and participation. The awarded projects are expected to enhance historic buildings across the state.

Some of the projects that received funding include the rehabilitation of the Cranford Apartments in Ames, restoration of the Anne-Mar Building – Carroll Medical Center in Carroll, transformation of the Council Bluffs Federal Building and Post Office, and the revitalization of the Farley & Loetscher building in Dubuque.

The next application round for large projects is set to open in June 2024, with applications due by September 16.

More information about the Historic Preservation Tax Credit program can be found on the IEDA website, and the full list of awarded buildings can be found here.