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Bills › 90th General Assembly

HF 506Died when the session ended · February 28, 2023

Relating to the workforce housing tax incentives program

Topics:TaxesHousing supply & costsTax credits & incentives

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Where it is now

  1. Done: IntroducedFebruary 28, 2023
  2. Stopped: SubcommitteeDied when the General Assembly ended
  3. Next: House committee
  4. Next: Passes the House
  5. Next: Senate committee
  6. Next: Passes the Senate
  7. Next: To the Governor
  8. Next: Signed into law

Died when the session ended The 2024 session adjourned on April 19, 2024, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?

What’s in it

352.5 million of the total cap shall be reserved for allocation to projects located in small cities. Under current law, the authority’s board shall establish the maximum average dwelling unit cost (maximum average cost) under workforce housing for a project that includes single-family dwelling units that is located in a small city or in an urban area, and the maximum average cost for a project that includes multiple dwelling unit buildings that is located in a small city or in an urban area. Under current law, the maximum average cost established by the board is $266,320 for a project that includes single-family units that is located in either an urban area or in a small city, and $218,022 for a project that includes multiple dwelling unit buildings that is located in either an urban area or in a small city.

Read the full explanation

The bill provides that for fiscal years beginning on or after July 1, 2023, the maximum average cost established by the board shall be no less than $316,320 for a project that includes single-family units that is located in either an urban area or in a small city, and $268,022 for a project that includes multiple dwelling unit buildings that is located in either an urban area or in a small city.

Full bill text1

Iowa Code it changes

Amends§15.119§15.353

How the Code works2

Lobbying

9 for · 0 against · 9 undecided · Who →

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Tried before

HF 2610Cleared committee88th GA

90th General Assembly

HF 506Cleared committee

Earlier and later bills are matched by wording or an identical title.

Tried before

This idea has been filed in an earlier General Assembly. None got through a chamber.

  • HF 2610 Relating to the workforce housing tax incentives program
    88th General Assembly · In committee · same title
    Cleared committee

Matched by wording or an identical title.