June 22, 2016 – The Iowa Economic Development Authority (IEDA) has $6 million available for the Nuisance Property and Abandoned Building Remediation program.  Currently, one-third of the available funds for 2016 are set aside for communities with populations under 10,000 until September 1, 2016, after which time any uncommitted funds will be made available to communities of all sizes.  The program operates in the form of a loan, with terms ranging from 12 to 36 months and interest rates from 0% to 3%, based on the loan term.  Funds may be utilized for the demolition or remediation and reuse of residential, commercial, or industrial structures.  All buildings must be documented as representing a public nuisance.  More details can be found at www.iowaeconomicdevelopment.com.