IEDA Awards Tax Credits to two Southwest Iowa Historic Preservation Projects

(Area) The Iowa Economic Development Authority (IEDA) announced over $19 million in awards to help transform 12 historic buildings. The awards were made through the Historic Preservation Tax Credit program.

Two projects in southwest Iowa awarded tax credits include:

Carroll: Restoration of the Anne-Mar Building – Carroll Medical Center. This 1929 southwest Mediterranean architecture designed building located in the downtown area formerly housed a doctors’ clinic that served citizens outside of the hospital setting. The project involves converting the building into 12 new apartments.

Council Bluffs: Transformation of the Council Bluffs Federal Building and Post Office. Located at the west end of the downtown commercial corridor, this three-story building was completed in 1959. The project will convert the property into 53 apartments and helps with the city’s housing needs.

The Historic Preservation Tax Credit program provides a state income tax credit to projects that rehabilitate underused or vacant historic buildings while maintaining the historic character-defining features that enhance neighborhoods and communities. Work completed on buildings must meet the federal Secretary of Interior Standards.