Nuisance Property and Abandoned Building Remediation Loan Program

Providing loans to help keep communities safe

This program provides financial assistance to help communities demolish or remediate buildings and structures that are a hazard to public health and safety. 

• Funds may be utilized for residential, commercial or industrial structures
• May include properties at multiple sites and locations
• Interest rates for this loan program range from 1% to 3% and vary based on the term of the loan
• A 12-month term will have an interest rate of 1%, 14-month is 2% and 36 month-month is 3%
• Communities with a population of 2,000 or less may request a loan at 0%
• Loans available through this program do not have a minimum or maximum amount
• The Iowa Economic Development Authority evaluates loan requests and approves loan amounts based on application scoring and the amount of program funds available

Eligibility

• All buildings made part of the project must be documented as representing a public nuisance through abandonment, chronic building code violations or dilapidation that is hazardous to public health and safety
• Applicants must describe how demolition activities are tied to a community redevelopment effort
• All Iowa communities are eligible applicants

How to Apply

• Review the program administrative rules
• Visit iowagrants.gov to apply