The City of Boone, Iowa

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Housing Incentive Program

Housing Incentive Program

 The goal of the Housing Incentive Program is to encourage and promote the construction of new single family homes within the city limits of Boone, Iowa.

Incentive:

For each custom single family home or townhome built within the city limits of Boone, Iowa that meets all the qualifications below, the homeowner will receive $10,000.00 upon the submittal to the City a Certificate of Occupancy.

Custom Built Home Criteria:

  • Can be a single family or townhouse.
  • Must be owner occupied.
  • Home must be valued between $200,000 and $400,000.
  • Groundbreaking must occur after May 1, 2018.

 Townhomes:

  • Both sides of townhomes will qualify separately.
  • Each side of the townhome must meet the $200,000 - $400,000 value.
  • Both sides must be owner occupied.
  • Groundbreaking must occur after May 1, 2018.

 Spec Homes:

  • A “spec home” for this program will be defined as any house where the foundation is completed before the home has a written agreement and/or is sold.
  • All “spec homes” must meet the same criteria as above for single family and townhomes.
  • Incentives for the builder if the home meets the criteria:
    • Waiving of Building Permit Fees
    • $5,000.00 of the $10,000.00 incentive, the other $5,000.00 will go to the homeowner.

 Exclusions:

  • This program cannot be included with any other incentives, such as: Jumpstart Boone and Development Agreements that include infrastructure.
  • Does not apply to LLCs or Corporations.
  • Rental Units do not qualify.

For a copy of the Resolution or Agreement click on "Useful Links Tab" below.

For more information please contact Ed Higgins at (515)433-0633 or edhiggins@city.boone.ia.us

 

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City Hall
923 8th St
Boone, IA 50036
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