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$19.7 Million in Credits Awarded to Iowa Historic Preservation Projects

For more information contact:

Ms. Kanan Kappelman, Iowa Economic Development Authority
Phone: 515.348.6248, communications@iowaeda.com

$19.7 million in credits awarded to Iowa historic preservation projects

November 16, 2017 (Des Moines, IA) – Awards totaling $19.7 million were announced today for 13 historic preservation projects across the state. The Iowa Economic Development Authority (IEDA) has registered these projects to receive these tax credits via the Historic Preservation and Cultural Entertainment District (HPCED) tax credit program.  

The IEDA, in partnership with the Department of Cultural Affairs’ (DCA) State Historic Preservation Office (SHPO), administers the HPCED program. The 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.

For the October 2017 registration period, IEDA received 24 applications requesting $56 million in tax credits. For this registration round, approximately $20 million was available for award. Projects are scored based on readiness, financing and local support and participation.

For more information on the HPCED tax credit program, contact daniel.hansen@iowaeda.com at 515.348.6212 or visit iowaeconomicdevelopment.com.

Media inquiries should be directed to Kanan Kappelman at communications@iowaeda.com or 515.348.6248.

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Applicant

Building Name

City

Intended Use

Tax credits approved

Whitney Group, LLC

Hotel Whitney

Atlantic

Mixed use

$902,399

H. Glass Partners, LLC

Pitt Carriage Co. Factory Building

Des Moines

Commercial

$522,427

The Washington, LLC

Washington Junior High & Jefferson Grade School

Clinton

Residential

2,266,425

Diocese of Des Moines

Home Federal Savings & Loan Association of Des Moines Building

Des Moines

Pastoral Center

$2,674,550

St. Paul’s United Methodist Church

St. Paul’s United Methodist Church

Cedar Rapids

Church

1,202,447

Knutson, LLC

Cedar Rapids Milk Condensing Company

Cedar Rapids

Residential

$1,171,822

Cedar Valley Seminary Foundation

Cedar Valley Seminary

Osage

Commercial

$510,865

Y&J Properties, LLC

Gordon Van-Tine Warehouse & Office Buildings

Davenport

Mixed use

$6,167,664

The History Center

George B. Douglas House

Cedar Rapids

Museum

$523,554

Stuart Mabusth

Carr Ryder & Adams Lumber Warehouse

Dubuque

Commercial

$442,314

Park Avenue Lofts, LLC

Waterloo Masonic Temple

Waterloo

Mixed use

$1,167,339

Coe College

Eby Fieldhouse

Cedar Rapids

Education

$1,386,315

321 Partners, LLC

N.O. Nelson Manufacturing Company

Davenport

Mixed use

$796,940

Total Credits

$19,735,061

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Iowa Economic Development Authority
200 East Grand Avenue
Des Moines, Iowa 50309
Phone: 1.515.348.6200
email: Email Us

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