Establishes a neighborhood housing revitalization assistance program within the Iowa finance authority.
The bill establishes a neighborhood housing revitalization assistance program within the Iowa finance authority. The program aims to provide and foster lending programs and other services to facilitate targeted neighborhood revitalization in designated urban and rural areas. It includes a forgivable loan program for qualifying home improvements, repairs, and renovations for owner-occupied homes. The program encourages public-private partnerships to provide loans and grants for revitalizing housing in designated areas.
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