Incentives | Prairieview Estates-- Forest City, Iowa

Housing Incentives Available!

Reduced Lot Cost--through the use of local infrastructure funds these lot prices have been greatly reduced. This area is an enterprise zone, which created another set of rebates available to participating contractors.
Winnebago County Housing Trust--This fund has been established to encourage new construction in Winnebago County. Homebuyers who build in Winnebago County are eligible for a $5,000 forgivable loan when the home is completed. This forgivable loan is not assignable to the builder so the buyer will recieve a 1099 from the county.
FCED Grants--Forest City Econonomic Development is administering two different grants for Forest City homebuilders.
- The first grant is is made possible by funds received from Winnebago Industries and local businesses to encourage new housing in Forest City. This grant is for $4,000 upon home completion. Homebuyers may assign this grant to their builder to avoid the 1099. (1099 sent to builder eliminates negative tax consequence to buyer).
- The second FCED grant is from IFA (Iowa Finance Authority). This grant is for $10,000. There are income guidelines that establish eligibility for applicants.
Developer Rebates--there is a $5,000 rebate available through the developer if you build within the first 25 months and an additional $4,000 rebate if you complete your home within 13 months.