Iowa Programs

Government Grants & Incentives for Real Estate Investors in Des Moines

Des Moines' growing economy and Iowa Finance Authority's LIHTC program offer consistent opportunities. The city's urban renewal areas and state-level workforce housing tax credits create a unique incentive stack.

8 designated tracts
Opportunity Zones
$1,028
Section 8 (2-BR)
LIHTC
Tax Credits Available
4
Local Programs

State Housing Finance Agency

Iowa Finance Authority (IFA)

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Public Housing Authority

Des Moines Municipal Housing Agency

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Local Programs

Des Moines Government Incentive Programs

These programs are available specifically to investors and developers in the Des Moines, IA market.

IFA LIHTC Program

Iowa allocates LIHTC credits through IFA for affordable multifamily housing development.

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Iowa Workforce Housing Tax Credit

Unique state tax credit for developing housing in communities with workforce housing shortages.

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Des Moines Urban Renewal Areas

TIF-funded incentives for housing and commercial development in designated urban renewal areas.

Polk County CDBG/HOME

Federal community development funds for affordable housing and community improvement.

LIHTC Tax Credits in Iowa

Low-Income Housing Tax Credits are the largest source of affordable housing financing in the U.S. In Iowa, credits are allocated by IFA.

How LIHTC Works

  • Dollar-for-dollar federal tax credit over 10 years
  • 9% competitive credits for new construction
  • 4% credits paired with tax-exempt bonds
  • 15-year compliance period for affordable rents

Iowa Allocator

Credits are allocated by IFA through their Qualified Allocation Plan (QAP), which outlines scoring criteria and priorities.

View IFA LIHTC Program
Investor Tips

Why Invest in Des Moines?

Iowa's unique Workforce Housing Tax Credit supplements LIHTC

Insurance and finance industry creates steady housing demand

8 Opportunity Zones in areas with strong redevelopment potential

Affordable market with consistent appreciation

Finance Government-Incentivized Properties in Des Moines

FundNow Capital provides DSCR loans, bridge financing, and portfolio loans that complement government incentive programs in Des Moines.

DSCR Loans

Qualify using Section 8 rental income — government-backed rents strengthen your DSCR ratio.

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Bridge Loans

Short-term financing to acquire and stabilize properties before permanent LIHTC or agency financing.

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Portfolio Loans

Finance multiple properties in Des Moines's Opportunity Zones under a single loan structure.

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Frequently Asked Questions

Get Financing for Investment Properties in Des Moines

Tell us about your Des Moines investment plans. We'll match you with the best financing options within 24 hours.

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