Page 61 - Reflect DSM (City of Des Moines, IA)
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Certified Local Government administered by the City. The federal
Grant Program funding opportunities described below
The City of Des Moines is a Certified Local are a mix of funds specific to historic
Government (CLG). Cities with CLG preservation and those that indirectly
designation qualify for additional federal impact preservation and work towards the
funding through the Historic Preservation preservation goals of Des Moines.
Fund. Eligible grant activities include
National Register nominations, education Federal Historic Rehabilitation Tax Credit
projects, surveys, planning for preservation, Program
and planning and redevelopment projects.
The National Park Service offers a 20%
Property Tax Exemptions income tax credit for the rehabilitation of
The State Historical Society of Iowa offers a historic, income-producing properties that
Temporary Historic Property Tax exemption qualify as “certified historic structures”.
for the rehabilitation of historic buildings. The Work must be reviewed by the State Historic
program offers a combination of four years Preservation Office and the National Park
full exemption from increased valuation of Service to determine compliance with the
the property due to the rehabilitation work,
and an additional four years of property Secretary of the Interior’s Standards for
tax increases (25% per year) up to the new Rehabilitation.
valuation. Federal Funding
Historic Preservation 25% Tax Credit
Program Des Moines’ designation as an “entitlement
Iowa Economic Development offers a city” qualifies it to receive and manage
annual funding from the U.S. Department
state income tax credit of up to 25% for the of Housing and Urban Development (HUD).
sensitive rehabilitation of historic buildings, The funds and projects are managed by
with the goal of retaining the historic the Neighborhood Services Department.
character of designated historic buildings. While these federal funds are not specific
Eligibility requirements include: to the historic preservation program, they
– A building that is designated as historically can result in the preservation of historic
significant; resources.
– Substantial rehabilitation work, valued at a
minimum of 25% of the assessed value of a Community Development Block Grant
non-commercial building or a minimum of Program
50% of the assessed value of a commercial
building; The Community Development Block
– Rehabilitation that meets the Secretary of Grant (CDBG) program is a HUD program.
the Interior’s Standards for Rehabilitation; Funding can address housing, community
and development, and economic development
– An eligible tax payer. needs. As described in the 2023 Annual
Action Plan, CDBG funds will be applied to
construct new affordable housing, directly
Federal Tools and Incentives assist home-buyers, and improve public
While some federal funding opportunities services for low- and moderate-income
can be utilized directly by developers residents. 2
and individuals, many federal funding
opportunities are received and 2 2023 Action Plan. (n.d.). https://cms2.revize.com/revize/
desmoines/2023%20AAP.pdf?pdf=2023%20Annual%20
Action%20Plan&t=1668690881557&pdf=2023%20
Annual%20Action%20Plan&t=1668690881557
Adopted Plan (September 2023) 55
