The great city of Dubuque received honors from an inaugural group an Iowa that underscores the tremendous growth and development the city has made over the last several years.

Per a press release from the City of Dubuque, the Key City has been named to Iowa Thriving Communities, a new program from the Iowa Finance Authority (IFA) and Iowa Economic Development Authority (IEDA).

Photo Credit: Digital Team
Photo Credit: Digital Team

The program recognizes cities around the state that utilize innovative solutions to enhance their housing offerings to residents of all income levels.

Dubuque was one of eleven communities selected for the Iowa Thriving Communities program:

  • Cedar Rapids
  • Charles City
  • Creston
  • Dubuque
  • Jefferson
  • Knoxville
  • Muscatine
  • Oskaloosa
  • Stanton
  • West Des Moines

The City of Dubuque's press release outlined the benefits the respective cities will receive for being recognizes as a thriving community in the state of Iowa:

The 11 communities selected for the program will benefit from additional scoring points in applications for both federal and state housing tax credit programs. The scoring points are a highly sought-after part of the competitive tax credit application process and will incentivize developers to choose cities that have been selected as Iowa Thriving Communities for proposed developments.

The aforementioned scoring points will be made available for applications for both the Federal Housing Tax Credit and Iowa Workforce Housing Tax Credit. The programs will do their part in funding the construction of multi-family and single-family homes and complexes in the listed areas.

While the federal program provides up to $12 million in credits per development, the state tax credit offers up to $1 million.

Photo Credit: Digital Team
Photo Credit: Digital Team

Dubuque will be prioritizing building in communities with the money they're afforded.

The Inaugural Iowa Thriving Communities Showcase will be held on September 6th, 2023 in Cedar Rapids. More information on that event and the agenda that will be covered can be found on the Housing Iowa Conference's website.

Read more about Dubuque's designation as a thriving community in Iowa on the City of Dubuque's website.

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