Grants
INFASTRUCTURE
Note: the following is an outline of more popular grant programs. It is not comprehensive.
Community Development Block Grants
DNR Clean Water State Revolving Fund (SRF) Program
DNR Drinking Water State Revolving Fund (SRF) Program
Iowa Finance Authority Planning and Design Loan
Roads: Surface Transportation Projects
Rail Economic Development Program (RED)
Revitalize Iowa's Sound Economy (RISE)
COMMUNITY DEVELOPMENT BLOCK GRANTS
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AGENCY SPONSORING PROGRAM: United States Dept. of Housing and Urban Development, Iowa Department of Economic Development
INTENT OF PROGRAM: The primary purpose of the community development block grant program is the development of viable communities by providing decent housing and suitable living environments and expanding economic opportunities, primarily for persons of low and moderate income.
DNR CLEAN WATER STATE REVOLVING FUND (SRF) PROGRAM
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AGENCY SPONSORING PROGRAM: Iowa Department of Natural Resources (IDNR) and Iowa Finance Authority (IFA)
INTENT OF PROGRAM:The Clean Water State Revolving Fund (CWSRF) loan program administered by the Iowa Department of Natural Resources may be of value to you in financing new wastewater construction projects. The CWSRF loan funds can be used by municipalities and sanitary districts to finance the design and construction of almost all publicly owned wastewater treatment and conveyance improvements.
The SRF program offers an attractive means of financing wastewater treatment improvements. The estimated interest payment savings realized using an SRF loan compared to other means of financing could be as high as $270,000 over the 20 year life of a $1,000,000 project. Besides the attractive interest rates, these loans need not tie up a city's G.O. bonding capacity. The loan is similar to revenue bonding since user charge revenues are normally used to secure the loan.
DNR DRINKING WATER STATE REVOLVING FUND (SRF) PROGRAM
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AGENCY SPONSORING PROGRAM: Iowa Department of Natural Resources (IDNR) and Iowa Finance Authority (IFA)
INTENT OF PROGRAM: Iowa’s drinking water state revolving fund (SRF) program makes loans to drinking water systems for design and construction to ensure public health and provide safe drinking water. IDNR has established priorities for the SRF, and will publish them each year in its Intended Use Plan (IUP). The IUP will propose uses of money and describe how each project will be managed.
IOWA FINANCE AUTHORITY PLANNING AND DESIGN LOAN
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AGENCY SPONSORING PROGRAM: Iowa Finance Authority (IFA)
INTENT OF PROGRAM:n The Planning and Design Loans cover costs incurred in the planning and design phase of a proposed water, wastewater, and stormwater infrastructure project. These loans will have 0% interest for up to three years. There is no initiation or servicing fees. In addition, there is no minimum or maximum loan amount. Eligible costs include engineering fees, archaeological surveys, environmental or geological studies, and costs related to project plan preparation and submission.
ROADS: SURFACE TRANSPORTATION PROJECTS
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AGENCY SPONSORING PROGRAM: Federal Highway Administration, Iowa Department of Transportation (IDOT), Region XII COG
INTENT OF PROGRAM: To aid public road jurisdictions with funding for any road or bridge projects on the federal aid system which includes all federal functional class routes except local and rural minor collector.
To provide funding for transit capital improvements, bicycle and pedestrian facilities, and transportation planning activities.
Contact Transportation Planner at Region XII COG.
RAIL ECONOMIC DEVELOPMENT PROGRAM (RED)
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AGENCY SPONSORING PROGRAM: Iowa Department of Transportation
INTENT OF PROGRAM: To promote economic development in Iowa through maintaining or providing rail service to companies that creates or retains jobs.
Eligible projects must represent an immediate need related to job creation or retention.
REVITALIZE IOWA’S SOUND ECONOMY (RISE)
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AGENCY SPONSORING PROGRAM: Iowa Department of Transportation
INTENT OF PROGRAM: To promote economic development in Iowa through construction or improvement of roads and streets. Projects must involve construction or improvement of public roadways.