Bills › 91st General Assembly
Modifying economic development provisions relating to housing and residential development in urban renewal areas
Sponsored by the House Ways and Means Committee, Rep. Bobby Kaufmann (R), Rep. David Sieck (R), Rep. Brent Siegrist (R), Rep. Josh Turek (D)
Topics:TaxesHousing supply & costs
Where it is now
- Done: IntroducedFebruary 26, 2025
- Done: SubcommitteeMarch 18, 2025
- Done: House committeeApril 23, 2025
- Done: Passes the HouseMay 12, 202590–0
- Skipped: Senate committeeSkipped
- Done: Passes the SenateMay 13, 202545–0
- Stopped: To the GovernorDied when the General Assembly ended
- Next: Signed into law
Died when the session ended The General Assembly adjourned on October 2, 2026. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
This bill relates to economic development and housing by modifying provisions concerning economic development programs and modifying provisions concerning Iowa’s urban renewal law. The bill amends the definition of “economic development” for purposes of Code chapter to also include the provision of workforce housing. The bill adds development policies that advance the development of workforce housing to the list of factors required to be considered by the public body before public funds are used for grants, loans, tax incentives, or other financial assistance to private persons or on behalf of private persons for economic development under Code chapter 15.
Read the full explanation
Under current law, any urban renewal area established upon the determination that the area is an economic development area, a division of revenue (tax increment financing) shall not be allowed for the purpose of providing or aiding in the provision of public improvements related to housing and residential development, unless the municipality assures that the project will include assistance for low and moderate income family housing, subject to certain municipality population thresholds. Under the bill, for municipalities of any population size, and notwithstanding any minimum low and moderate income family housing requirement, if the public improvement project is approved on or after July 1, 2025, and is related to housing and residential development in an economic development area containing property that has been located entirely within the corporate limits of a city for years or more, the amount to be provided for low and moderate income family housing for such projects shall not be required to be greater than an amount equal to percent of the original project cost. The bill also extends the division of the revenue for such projects to tax collections for fiscal years instead of the current law maximum of years.353 (workforce housing). The bill also modifies the defined term “low or moderate income families” in Code chapter 403 to “low and moderate income families” to align with the terminology usage within the Code chapter.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Changed since by amendments S-3174, S-3173; see Amendments. Full bill text
Fiscal note
The fiscal impacts of Division I of the Bill as amended are unknown. This Division would not impact any TIF agreements currently in use, and the LSA is unable to estimate how the expanded definitions would impact projects in future years. 19. The excluded levy must instead be collected and paid to the school district like all other general property taxes.
- Urban Renewal, Low and Moderate Income Housing · May 14, 2025
- Urban Renewal · May 12, 2025
Nonpartisan cost estimates from the Legislative Services Agency’s Fiscal Services Division. The newest is first. Reading a fiscal note
Iowa Code it changes
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
10 for · 7 against · 36 undecided · Who →
Family tree
Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.
Study bill
Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.