Economic Development Economic Development
Where Nature's Close, & Friends are Closer
Sunset

Housing Programs & Incentives

Eligibility - New Construction

  • New construction started after January 1, 1998
  • 900 Square feet or more
  • All forms of housing that are subject to property tax:
    • Traditional "stick built" construction
    • Modular Homes
    • Manufactured Homes

Application procedure - New Construction

  • Complete application at beginning of construction.
  • Sign promissory note and receive loan proceeds at the completion of the basement/foundation.
  • JumpStart Iowa

Incentives - New Construction

  • Property tax abatement, 100% abatement for 3 years on new construction
  • Iowa Housing Trust $10,000 Down payment Grant
  • One year free basic cable TV

Please visit the following websites for additional opportunities:

Forest City
Economic Development

145 South Clark Street

PO Box 306
Forest City, IA 50436

Phone: 641-585-5560
Toll Free: 866-585-2092
Fax: 641-585-2687
info@forestcityia.com

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