West Des Moines $21.9 Million In Credits Awarded To Iowa Historic Preservation Projects

Press release from the West Des Moines Chamber of Commerce:

July 6, 2020

Awards totaling nearly $22 million were announced today for historic preservation projects across the state. The Iowa Economic Development Authority (IEDA) registered 15 projects to receive state Historic Preservation tax credits.

For the May 2020 registration period, IEDA received 23 applications requesting $33 million in tax credits. For this registration round, approximately $22 million was available for award. Projects are scored based on readiness, financing, local support and participation.

The Historic Preservation Tax Credit Program provides a state income tax credit to projects for rehabilitation of historic buildings. The program is designed to promote the retention of unique, character defining buildings and building features that contribute to a community and neighborhood. Rehabilitation must meet the federal Secretary of Interior standards.
The Historic Preservation Tax Credit Program is administered by IEDA in partnership with the State Historic Preservation Office.

For more information on the Historic Preservation and Cultural and Entertainment District Tax Credit program, contact Dan Hansen at 515.348.6212, daniel.hansen@iowaeda.com or visit iowaeda.com. Media inquiries should be directed to Ms. Kanan Kappelman at communications@iowaeda.com or 515.348.6248.

This press release was produced by the West Des Moines Chamber of Commerce. The views expressed here are the author’s own.