Page 62 - Reflect DSM (City of Des Moines, IA)
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HOME Funds
Federal Historic Rehabilitation Tax
Credit Program The HOME Investment Partnership Program
(HOME) funds also contribute to assisting
To learn more about the 20% tax credit low-income and disadvantaged households
for income-producing historic properties, including those experiencing homelessness,
including successful projects, eligibility fleeing violence, or veterans. Funds support
requirements and how to apply, affordable housing needs through home-
visit: https://www.nps.gov/subjects/ buyer assistance, homeowner rehab, new
taxincentives/about.htm. construction for rental or ownership, and
acquisition. Developers often couple HOME
Federal Funds funds with other funding sources to finance
affordable rental development.
To learn more about federal HUD
funding the City qualifies for, visit Emergency Repair Loan Program
https://www.dsm.city/departments/
neighborhood_services/federal_funds_ The Emergency Repair Loan (ERL) program
and_the_consolidated_plan.php utilizes federal dollars in the form of deferred
payment loans for low- or moderate-income
To read the 2023 Annual Action homeowners needing assistance in making
Plan for addressing affordable vital repairs to their property. These repairs,
housing needs using federal funding, including roof replacement, foundation
including CDBG and HOME funds, repairs, or water/sewer line replacement,
visit: https://cms2.revize.com/ are vital to ensuring a home remains livable.
revize/desmoines/2023%20AAP. In this way, this loan is one financial tool with
pdf?pdf=2023%20Annual%20Action%20 the objective of maintaining Des Moines’
Plan&t=1668690881557&pdf=2023%20 existing housing stock and preserving
Annual%20Action%20 the community’s residential character.
Plan&t=1668690881557 Unfortunately, this program is currently
suspended and not operating.
Emergency Repair Loan (ERL)
Program Other Funding Sources
To learn more about the ERL Program, Utilizing a suite of funding sources from all
including when the program restarts, levels – local, state and federal – and all
visit: https://www.dsm.city/departments/ types of organizations and government
neighborhood_services/emergency_ entities can support a variety of preservation
repair_loans_for_homeowners.php efforts, even if the funding is not specific to
preservation work. For instance, in order to
support restoration work of park structures
and historic infrastructure, the Parks Planning
Department utilized funding from the Trust
for Public Lands in addition to the Land
and Water Conservation Fund. While these
are not traditionally used for preservation
work, the shared mission aligned with the
proposed work and helped lead to a
funded project.
56 DES MOINES Citywide Historic Preservation Plan
