Where Nature's Close, & Friends are Closer

Housing Incentives

All incentive applications are available through the Forest City Chamber of Commerce and Forest City Economic Development.

New Construction - Housing 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


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


Application Procedure - New Construction

-Complete application at beginning of construction

-Sign promissory note and receive loan proceeds at the completion of the basement / foundation


Please Visit the Following Websites for Additional Opportunities:

-Homeward, Inc.

-USDA Rural Development

-Iowa Finance Authority

Contact Info

Forest City Economic Dev.
145 East K Street
Forest City, IA 5036

Phone: 641-585-5560
Fax: 641-585-2687

Email: fced@wctatel.net

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