Housing Programs and Incentives BrochureTHE CITY OF
DUB E
Masterpiece on the Mississippi
www.cityofdubuque.org/incentives
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QUALITY, AFFORDABLE HOUSING
AND ITS IMPACT ON DUBUQUE
As a high priority of the Dubuque City Council
and component of the City's Equitable
Poverty Reduction and Prevention Plan, the
City of Dubuque offers a variety of financial
resources to encourage property owners
to create and maintain quality, affordable
housing in Dubuque.
Affordable housing promotes economic
stability, health and well-being, education,
community development, social equity, poverty
alleviation, and resilience. By addressing
housing affordability, communities can support
their residents' overall well-being, and create a
more prosperous and sustainable future.
The City of Dubuque offers a variety of resources to homeowners,
commercial property owners, and rental property owners.
Use the incentives map to learn more about these
programs and determine your property's eligibility. o o
www.cityofdubuque.org/incentives ,
Dubuque's local incentive programs can be combined with State and Federal programs -
helping your business make the most of its resources.
The Iowa Economic Development Authority administers The U.S. Environmental Protection Agency (EPA)
several programs to assist individuals, communities, and administers programs that offer support to projects that
businesses in business and community development. protect and better human health and the environment.
Learn more at www.iowaeda.com Learn more at www.epa.gov
The Iowa Finance Authority administers programs that
provide affordable financing resources for individuals and
their goals, from mortgage or down payment assistance
and rental programs that provide affordable homes, to
low-cost funds for drinking water, help for beginning
farmers and more.
Learn more at www.iowafinance.com/
programs -for -property -developers/
The State Historical Society of Iowa administers programs
that helps preserve and bring new life to Iowa's history.
Learn more at iowaculture.gov/history
The U.S. Department of Housing and Urban Development
(HUD) administers programs that offer support to projects
that create strong, sustainable, inclusive communities
and quality affordable homes for all.
Learn more at www.hud.gov
The U.S. Department of Commerce administers programs
that offer support to projects that create the conditions
for economic growth and opportunity.
Learn more at www.commerce.gov
LOCAL MU LTI-RESI DENTIAL / RENTAL PROPERTY
INCENTIVE PROGRAMS
Department contact information:
Economic Development Housing & Community Development Planning Services
563.589.4393 563.589.4230 563.589.4210
www.cityofdubuque.org/econdev www.cityofdubuque.org/housing www.cityofdubuque.org/planning
Downtown Housing Incentive
To qualify, a project must assist in the creation of new market -rate downtown rental units within the Greater Downtown
Urban Renewal District. The project must be a rehabilitation of an existing structure and located above the commercial
component on the first floor of the building unless the project is rehabilitating or reusing a former church or school
building. Maximum of $10,000 per unit.
Facade Grant
A maximum of a $10,0001:1 matching grant is available to provide assistance on labor or material costs for front fagade
renovations to restore a building's historic appearance or eliminate inappropriate additions or alterations to improve
overall appearance. Property must be located in Greater Downtown Urban Renewal District.
Financial Consultant Grant
A maximum of a $15,0001:1 matching grant is available to provide assistance on hiring a financial consultant used to
analyze the feasibility of a project. Property must be located in Greater Downtown Urban Renewal District.
Healthy Homes Program
Program participants may qualify for up to $10,000 to create a healthier home OR up to $20,000 for lead remediation
plus an additional $5,000 for other household hazards. The program addresses household hazards including mold, water
intrusion, lead paint, allergens, asthma, carbon monoxide, home safety, pesticides, and radon. Available to low- to
moderate -income residents, both renters and homeowners.
Historic Preservation Revolving Loan Fund Program
Program participants may qualify for up to a $25,000 loan. Property must be at least 50 years old and designated as a
City Landmark, or individual historic property, or located in the following Historic Preservation Districts: Jackson Park,
Cathedral, W. llth Street, Langworthy, or Old Main. This loan fund provides positive incentives to owners of these historic
properties to maintain and improve the community's architectural heritage.
Planning & Design Grant
A maximum of a ten thousand dollar ($10,000) 1:1 matching grant is available to provide assistance on pre -development
costs associated with a project. Property must be located in Greater Downtown Urban Renewal District.
Urban Renewal Housing Tax Increment Financing (TIF)
Tax -increment financing (TIF) is an important and flexible tool used in communities for three main purposes: promoting
economic development, eliminating slum and blight, and facilitating housing development.
• Market Rate Residential Subdivision, Multi -Family Units
Owner -occupied, attached/detached single-family home, multi -family units/apartments. Requirements: installation
of fiber conduit, accept housing choice vouchers. Term: 10 years.
• Mixed -Income Residential Subdivision
Owner -occupied, attached/detached single-family home, multi -family apartments. Requirements: installation of fiber
conduit, accept housing choice vouchers. Term: 10 years.
Urban Revitalization Program (Tax Abatement)
Encourages the revitalization of buildings in the community's older neighborhoods by offering a property tax exemption
for new improvements made to qualified residential and commercially assessed properties.
• New Area Multi -Family Development
Apartment/Townhouse. Requirement: must accept housing choice vouchers. Term: up to 10 years.
• Existing Revitalization Area Residential Rehabilitation
All residential. Requirement: must increase value by 10%. Term: 10 years.
LOCAL HOMEOWNER
INCENTIVE PROGRAMS
Department contact information:
Housing tx Community Development Planning Services
563.589.4230 563.589.4210
www.cityofdubuque.org/housing www.cityofdubuque.org/planning
First -Time Homebuyer Loan Program
This City of Dubuque Housing & Community Development program provides long-term, no -
interest (0%), $5,000 loans to help an income -qualified resident purchase a first home at
any location within the City of Dubuque limits.
Healthy Homes Program
Program participants may qualify for up to $10,000 to create a healthier home OR up
to $20,000 for lead remediation plus an additional $5,000 for other household hazards.
The program addresses household hazards including mold, water intrusion, lead paint,
allergens, asthma, carbon monoxide, home safety, pesticides, and radon. Available to low -
to moderate -income residents, both renters and homeowners.
Historic Preservation Revolving Loan Fund Program
Program participants may qualify for up to a $25,000 loan. Property must be at least 50
years old and designated as a City Landmark, or individual historic property, or located
in the following Historic Preservation Districts: Jackson Park, Cathedral, W. llth Street,
Langworthy, or Old Main. This loan fund provides positive incentives to owners of these
historic properties to maintain and improve the community's architectural heritage.
Homeowner Rehabilitation Loan Program
Provides low -interest, long-term, loans up to $25,000, to homeowners to rehabilitate their
properties. The home must be code -compliant, and the project must be finished in its
entirety upon completion of work performed with loan funds. Owner -occupied, single-family
home, or duplex in the City of Dubuque, with qualifying households earning no more than
80% of area median income.
Housing Choice Voucher Homebuyer Program
This HUD program assists housing choice voucher participants in purchasing a home.
It is similar to the rental voucher program, but instead of payments going to a landlord,
payments go to a mortgage lender.
Urban Revitalization Program (Tax Abatement)
Encourages the revitalization of buildings in the community's older neighborhoods by
offering a property tax exemption for new improvements made to qualified residential and
commercially assessed properties.
Washington Neighborhood Homebuyer Loan Program
Program provides long-term, no -interest (0%), loans in varying amounts based on
household size and annual income to any owner -occupied, single family or duplex home in
the Washington Neighborhood (llth Street to 32nd Street, Elm to Central).
Washington Neighborhood Homeowner Rehabilitation Loan Program
Program provides low -interest, long-term loans, up to $25,000, to homeowners to
rehabilitate their properties for any owner -occupied, single family or duplex home in the
Washington Neighborhood (llth Street to 32nd Street, Elm to Central).
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WHAT IS TAX -INCREMENT FINANCING (TIF)?
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Tax-increment financing (TIF) is an important and flexible tool used in communities for three main purposes:
promoting economic development, eliminating slum and blight, and facilitating housing development.
When a TIF district is created, a
"base" valuation of the property value
is established. The base valuation
accounts for assessed values prior to
the TIF designation. The tax revenue
from this base value remains with
all taxing authorities. Increases in
the assessed value overtime over
and above the base are called the
"increment." The TIF authority (in this
case, the City of Dubuque) may access
the tax revenue generated by the
increment, to fulfill the designated
purpose of the district.
HOW IS TIF USED BY CITIES?
EXAMPLE
$1,000.......................................................................
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0
a
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a TAX INCREMENT
0 GENERATED OVERTIME
a
$100
TODAY
TIF STARTS
TIF is typically used by cities to fund public improvement projects or
private project -based financial assistance, in conjunction with developing or
redeveloping different parts of a city. This may include upgrading areas of the
city suffering from slum and blight, helping residential development efforts,
and enhancing economic development activities. Depending on the size of the
project, cities may use the annual increment to provide project funding or may
need to incur debt to finance an improvement, such as installing infrastructure.
TIME
END OF
TIF
inn
For more information on Dubuque's
Housing TIF Districts, contact the City
of Dubuque Economic Development
Department: 563.589.4393
econdev@cityofdubuque.org
TIF FOR HOUSING INFRASTRUCTURE
Cities can use Tax Increment Financing (TIF) to pay the cost of
• streets,
• water,
• sanitary and storm sewers,
• parks,
• trails, and
• related public improvements
for new housing development by creating Housing TIF Districts.
Housing TIF in Dubuque
Housing TIF Districts support reinvestment and redevelopment
activities in the urban renewal area and support revitalization
within the area and the community for low- and moderate -income
families. Cities can establish Housing TIF Districts within their
corporate limits and within two miles of their corporate boundaries
with the consent of the County Board of Supervisors.
The City of Dubuque's use of Housing TIF is a Dubuque City Council priority. The City Council's
15-year vision statement for Dubuque calls for a "strong, diverse economy and expanding
connectivity" and "choices of quality, livable neighborhoods." Using Housing TIF enables Dubuque
to implement projects to pursue that vision and support workforce retention and development,
increase the local tax base, and address the city and school district's stagnant population growth.
By state law, when TIF is used for housing development,
approximately 38 percent of the future tax increment revenues
from the project must be used to provide housing assistance to
low- and moderate -income families whose incomes are no greater
than 80 percent of the median income anywhere in the city. This
is starter housing for Dubuque's current and future workforce, and
our most vulnerable residents, the elderly and disabled.
Initial plans call for much of the affordable housing assistance
to be provided in downtown neighborhoods through the City's
CHANGE (Comprehensive Housing Activities for Neighborhood
Growth & Enrichment) Program.
RnMAN_.
Before and after photos of a housing rehabilitation project
From 2016-2023, Dubuque's six Housing TIF districts are projected to generate
$3.1 million for affordable housing
Dubuque's TIF Districts
The City of Dubuque has created six Housing TIF Districts, all with Dubuque County's consent.
The Timber Hyrst Housing TIF District was formed in 2014 to promote additional
residential options in Timber Hyrst Subdivision in the city, by assisting with the
funding of road and utility improvements along portions of North Cascade Road.
These improvements are facilitating safer travel along the road that serves as a
main artery from the city of Dubuque to the Southwest Arterial by straightening
some of the curves on North Cascade Road in both the city and the county. It has
also allowed the City to install some needed water, sanitary, and storm sewer
infrastructure.
The English Ridge Housing TIF District was formed in 2015 to promote the
creation of additional residential options in Dubuque, as well as to provide
funding for water main installation.
The South Pointe Housing TIF District is intended to generate funds for improved
roads and utilities in the designated area, as well as provide funding to assist
with affordable housing anywhere within the city of Dubuque.
The Rustic Point Housing TIF District is intended to generate funds for the
installation of sewer and water utilities related to housing and residential
development, as well as supporting affordable housing anywhere within the city.
Sky Blue Estates Housing TIF District is intended to generate funds for improved
roads and utilities in the Area, specifically, utility improvements and the addition
of a water tower. Funding generated in the Area also assists with Low and
Moderate Income (LMI) family housing anywhere within the City of Dubuque.
North Grandview Estates Housing TIF District is intended to generate funds for
the development of a residential district (North Grandview Estates Subdivision)
and infrastructure improvements including installation of fiber conduit and
vaults, a retaining wall, a curb underdrain, and portions of trail development
from the subdivision to the Bee Branch 32nd Street Detention Basin. Funding
generated in the Area also assists Low and Moderate Income (LMI) housing
anywhere within the City of Dubuque.
Each of these Housing TIF Districts has an Urban Renewal Plan that describes
the specific use of tax increment funds, such as providing tax rebates, installing
public infrastructure, or other planned expenditures. These Housing TIF Districts,
consistent with state law, currently set aside approximately 38 percent of project
cost increment, thus providing funding for the benefit of low- and moderate -
income family housing opportunities anywhere in the city of Dubuque.
Housin g TIF District Loc tion a 3
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SKY BLUE HOUSING
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ENGLISH RIDGE
HOUSING TIF DISTRICT
NORTH CASCADE ROAD SOUTH POINTE
HOUSING TIF DISTRICT HOUSING TIF DISTRICT
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New Housing Units Approved and/or Under Review as of May 2023
The use of urban abatement, TIF, and other city incentives, has generated interest in the creation of over 1,700 new housing units.
Development
Residential ..Availability
Location Remaining Lots/ Use
Units Available
North Grandview Estates
North Grandview/32nd Street
25 Lots
Single-Family/Apartment
Rustic Point Estates #2
Derby Grange/Kennedy Roads
46 Lots
Single-Family/Duplex
Sky Blue Estates*
Roosevelt Road
Less than 17 Lots
Single -Family
Silver Oaks Subdivision
Elmwood/Silver Oaks Drive
128 Lots
Single-Family/Duplex
South Pointe Estates*
Rockdale Road
Less than 42 Lots
Single-Family/Duplex
Timber-Hyrst Estates
Creekwood Drive
Less than 26 Lots
Single -Fa mily/Duplex/Townhomes
*Subdivision has additional phases
Development I Location
Estates of Dubuque I Barnwood Lane/Lasso Court
TOTAL:284
# of Units
35 Units
TOTAL: 35
Use M
Single-Family/Cooperative Community
Development
Development_
Location
# of Units
Use
Gardens of Dubuque
1895 Radford Road
50 Units
Affordable Family Housing Apartment
Kretschmer Lofts
895 Washington Street
48 Units
Market Rate Apartments
Roosevelt West
1865 Radford Road
44 Units
Affordable Senior Housing Apartment
Old Prescott School
1199 Central Avenue
14 Units
Market Rate Apartments
Miller 4-Plex
East Gate Court
4 Units
Market Rate Apartments
Fox Hills Apartments
End of Plaza Drive
390 Units
Market Rate Apartments
Mount Carmel - Sisters of Charity Phase 1
1100 Carmel
60 units
Skilled Nursing
46 Units
Assisted Living
22 Units
Memory Care
Mount Carmel - Sisters of Charity Phase 2
1100 Carmel
116 Units
Independent Living
TOTAL:794
Development
Location
# of Lots/Units
Use
St. Anthony's School
2175 Rosedale Avenue
22 Units
Market Rate Apartments
Callahan Apartments
Bies Drive
56 Units
Market Rate Apartments
Iowa Street Lofts
1248 Iowa Street
14 Units
Market Rate Apartments
TOTAL: 92
TOTAL:434
TOTAL: 105
CM036-052523 PROPOSED GRAND TOTAL OF 1,744 LOTS/UNITS