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IEDA Director: Housing overhaul needed, some funding relief coming

Charles City, Iowa – As concerns with the lack of affordable and available housing in rural areas continue to grow, Iowa Economic Development Authority Director Debi Durham assured business leaders at visit in Charles City Thursday there will be relief.

 

Durham suggested the state would reopen the $20 million dollar workforce housing tax credit, which includes $10 million dollars for rural communities.

First Citizens Bank President Cathy Rottinghaus says it’s welcome news.

 

After a report last week said Floyd County’s biggest housing need is senior living homes and single family homes, Rottinghaus added any help is lifts a financial burden.

 

Durham presented on the future of Iowa’s economy, state initiatives and programs.  Community leaders brought up property tax, broadband and opioid crisis concerns at the meeting.

Chris Garden owns L and J Industries and says in order to grow the area economy, the state needs to pitch in.

 

Durham was accompanied by IEDA Business Manager Beth Balzer.

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Kellan Heavican

News & Sports Director

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