Iowa HSB730 modifies tax incentives for workforce housing projects, including rehabilitation projects, by adjusting allocation limits and removing.

Iowa HSB730 amends the workforce housing tax incentives program by increasing the annual tax incentive limit to $40 million, with half reserved for small cities. It defines a "rehabilitation project" as a housing project involving the rehabilitation of at least two or more single-family dwelling units, intended for resale as primary residences. The bill removes the first-come, first-served requirement for awarding tax incentives, allowing unused incentives to be reallocated within the fiscal year.

Iowa HSB730 modifies tax incentives for workforce housing projects, including rehabilitation projects, by adjusting allocation limits and removing.

Iowa HSB730 amends the workforce housing tax incentives program by increasing the annual tax incentive limit to $40 million, with half reserved for small cities. It defines a "rehabilitation project" as a housing project involving the rehabilitation of at least two or more single-family dwelling units, intended for resale as primary residences. The bill removes the first-come, first-served requirement for awarding tax incentives, allowing unused incentives to be reallocated within the fiscal year.