The Iowa Economic Development Authority (IEDA) today announced $39.84 million in workforce housing tax credits to support development in 39 counties across the state.
The awards will support 69 projects, expected to create 2,093 new residential units — 1,225 in larger communities and 868 in smaller towns.
Two Fort Dodge projects were each awarded $1,000,000 each. Those projects are named District 29 IV and Trolley Block. According to the press release, District 29 IV would consist of 50 housing units, and Trolley Block would have 36 units.
The City of Fort Dodge recently acquired the property known locally as The Trolley Center in anticipation of a multi-story, mixed use redevelopment project. The redevelopment vision for this property included first floor commercial use, with upper levels being multi family residences.
“When families have access to quality, affordable homes near good jobs, everyone wins,” said Debi Durham, director of IEDA and the Iowa Finance Authority. “Families put down roots, employers can find and keep workers, and communities have the stability they need to grow and thrive. That’s good for local businesses, our communities and our economy.”
IEDA received 117 applications requesting $72.6 million in tax credits. Of the $40 million available for fiscal 2027, $22.6 million was specifically reserved for projects in Iowa’s 88 least-populated counties. Applications were evaluated on readiness, financing, community impact, developer experience and innovation.
