Relating to and making appropriations for the economic development of the state, including to the economic development authority, Iowa finance authority, department of workforce development, and state board of regents and certain regents institutions, and codifying the housing renewal program

Sponsored by the House Appropriations Committee

Topics:State budget Business & economy Higher education

Same legislation: SSB 3188, HSB 773, SF 2485

Write your legislators about itWhat changed before it passed

Official bill page Lobbyist declarations One-pager to print

Where it is now

Done: IntroducedApril 7, 2026
Done: SubcommitteeApril 7, 2026
Done: House committeeApril 15, 2026
Done: Passes the HouseApril 28, 202657–32
Skipped: Senate committeeSkipped
Done: Passes the SenateApril 28, 202630–16
Done: To the GovernorMay 6, 2026
Done: Signed into lawJune 2, 2026

Signed into law What’s a funnel?

What’s in it

AI summary This bill provides funding for several state agencies and universities to help grow Iowa's economy. It also changes how money from the housing renewal program is handled by allowing a nonprofit group to keep and reuse those funds to help more people. Additionally, it asks the state auditor to review how the Iowa finance authority is being checked.¹

Read the official explanation

This bill relates to and makes appropriations for the economic development of the state, and codifies the housing renewal program. DIVISION I —— FY 2026-2027 APPROPRIATIONS. The bill appropriates moneys for FY 2026-2027 from the general fund of the state to the economic development authority (IEDA), Iowa finance authority (IFA), department of workforce development (IWD), Iowa state university of science and technology (ISU), state university of Iowa, and university of northern Iowa. For FY 2026-2027, the bill limits standing appropriations for the world food prize, the arts and culture enhancement fund, and tourism marketing. 7 to IEDA. The bill appropriates moneys for FY 2026-2027 from the special employment security contingency fund to IWD. The bill also appropriates moneys for FY 2026-2027 from the Iowa skilled worker and job creation fund to IEDA, IWD, and the state board of regents and institutions under the control of the board. The auditor of state is requested to review the audit of IFA performed by the auditor hired by IFA. The bill requires IEDA, the vocational rehabilitation services division of IWD, the state board of regents, and ISU to submit various reports to the general assembly. DIVISION II —— HOUSING RENEWAL PROGRAM. The bill codifies the housing renewal program (program) created pursuant to 2022 Iowa Acts, chapter 1148, section 20, as amended by 2023 Iowa Acts, chapter 110, section 18, and 2025 Iowa Acts, chapter 155, section 14. Under the bill, payments of interest, income generated from the sale of ownership units, recaptures of financial assistance (assistance) awards, and other repayments shall be retained by, or returned to, the nonprofit Iowa affiliate for the purpose of awarding assistance under the program to eligible participants, rather than be deposited in the program fund as is the case under current law. “Nonprofit Iowa affiliate” is defined in the bill.

Why it matters. State agencies including the economic development authority, the Iowa finance authority, the department of workforce development, and several state universities would receive various appropriations for the 2026-2027 fiscal year. The bill also changes how the housing renewal program operates by allowing a nonprofit Iowa affiliate to keep interest, income, and repayments to award assistance to eligible participants instead of depositing those funds into a state program fund.²

Changed since by amendments S-5228, H-8415; see Amendments.

Full bill text · What changed before it passed³

House subcommittee

Named April 7, 2026 (as HSB 773). It hasn’t reported yet.

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Iowa Code it changes

Creates§16.52

How the Code works⁴

Lobbying

6 for · 1 against · 29 undecided · Who →

Family tree

Study bill

SSB 3188Renumbered HSB 773Renumbered

91st General Assembly

SF 2485Didn’t advancefrom SSB 3188 HF 2772Became lawfrom HSB 773

Tried before

This idea has been filed in an earlier General Assembly. A version became law.

SF 2432 Relating to and making appropriations for the economic development of the state, including…
90th General Assembly · Signed by Governor · similar
Became law

Similar bills this General Assembly

SSB 1236 Relating to and making appropriations for the economic development of the state, including…
91st General Assembly · Renumbered as SF 645
Very similar
SSB 1223 Relating to and making appropriations for the economic development of the state, including…
91st General Assembly · In committee
Very similar

Matched by wording or an identical title.