Dubuque to implement pilot program to create more affordable housing options in Central Avenue Corridor
“Dubuque city council members voted unanimously to implement a pilot program aimed at creating more affordable housing options in a downtown neighborhood.
The program states the city would use downtown rehabilitation funds to incentivize developers to either do substantial renovations or create new units in the Central Avenue Corridor. The $10,000 incentive would be in the form of a 10-year forgivable loan instead of a grant. Jill Connors, Dubuque’s economic development director, explained this gives the city the opportunity to step in if, for example, a developer were to step out of compliance.
Connors said they hope this pilot program will also help solve hiring issues in the city.”