Iowa
Last checked 2026-06-16
44
Designated tracts (of 175 eligible)
21
Rural designated — QROF treatment
20
Former OZ 1.0 tracts redesignated
57
Days until designations take effect
How Iowa chose
Treasury published the final list on October 30, 2026. Iowa designated 44 of 175 eligible tracts, its full allocation, in 28 of 41 counties with eligible tracts. Designations take effect January 1, 2027 and run through December 31, 2036.
Compared with the eligible tracts it passed over, Iowa favored former OZ 1.0 tracts, tracts with prior NMTC deals and less dense tracts.
| Trait | Designated | Passed over |
|---|---|---|
| Former OZ 1.0 tract | 45.5% | 13% |
| Rural (QROF) | 47.7% | 28.2% |
| Urban Institute Tier 1 | 20.5% | 12.2% |
| Median poverty rate | 23% | 22.3% |
| Median family income, % of area | 61.9% | 64.7% |
| Residents of color (mean) | 28.5% | 33.7% |
| Median density, people / sq mi | 1,268 | 3,824 |
Poverty and income: Treasury's own eligibility figures (ACS 2020–2024). Demographics: ACS 2020–2024. Former OZ 1.0 = at least half the tract's land area was in a 2018 QOZ. How every state compares →
Record: how Iowa ran its nomination input process
Nomination process
The lead agency has been identified, but no public process has been published yet. Contact information is below.
Map: designated and eligible tracts
Loading 175 eligible tracts…
Designated tracts by county
The county is usually the first local partner on an OZ deal — zoning, infrastructure, incentives. CDEs listed are New Markets Tax Credit allocatees that have already financed deals inside this county's designated tracts: the organizations with a working track record of underwriting there.
| County | Designated / eligible | Rural | OZ 1.0 kept / lost | Residents | NMTC CDEs active in designated tracts |
|---|---|---|---|---|---|
| Polk County | 4 / 34 | — | 0 / 3 | 19,072 | Commercial Federal Community Development Corporation; Iowa Community Development LC |
| Black Hawk County | 3 / 15 | — | 1 / 2 | 7,687 | National Trust Community Investment Corporation |
| Linn County | 3 / 14 | — | 2 / 1 | 8,839 | Central States Development Partners, Inc.; Iowa Community Development LC; Midwest Renewable Capital, LLC |
| Woodbury County | 3 / 10 | — | 2 / 1 | 12,984 | Iowa Community Development LC |
| Des Moines County | 2 / 3 | 2 | 1 / 2 | 7,111 | Iowa Community Development LC |
| Dubuque County | 2 / 3 | — | 2 / 0 | 6,339 | Central States Development Partners, Inc.; Consortium America, LLC; DV Community Investment, LLC; Iowa Community Development LC; Midwest Renewable Capital, LLC |
| Johnson County | 2 / 10 | — | 1 / 4 | 7,181 | Iowa Community Development LC |
| Jones County | 2 / 3 | 2 | 0 / 0 | 4,728 | — |
| Pottawattamie County | 2 / 11 | — | 2 / 0 | 4,656 | HEDC New Markets, Inc |
| Scott County | 2 / 12 | — | 2 / 0 | 4,981 | National Trust Community Investment Corporation; Urban Research Park CDE, LLC |
| Story County | 2 / 8 | — | 0 / 0 | 8,648 | — |
| Appanoose County | 1 / 3 | 1 | 0 / 2 | 2,904 | — |
| Cass County | 1 / 1 | 1 | 1 / 1 | 2,708 | National Trust Community Investment Corporation |
| Cerro Gordo County | 1 / 1 | 1 | 0 / 1 | 4,121 | — |
| Clarke County | 1 / 1 | 1 | 0 / 0 | 2,163 | — |
| Clinton County | 1 / 3 | 1 | 1 / 1 | 2,761 | Five Points Community Capital, LLC; Urban Action Community Development LLC |
| Crawford County | 1 / 1 | 1 | 1 / 1 | 3,022 | — |
| Fayette County | 1 / 2 | 1 | 0 / 0 | 2,845 | — |
| Jackson County | 1 / 1 | 1 | 1 / 0 | 2,364 | — |
| Jasper County | 1 / 3 | 1 | 0 / 0 | 4,623 | — |
| Jefferson County | 1 / 2 | 1 | 0 / 0 | 5,248 | — |
| Lee County | 1 / 3 | 1 | 0 / 3 | 2,000 | — |
| Marshall County | 1 / 3 | 1 | 1 / 0 | 3,622 | — |
| Muscatine County | 1 / 3 | 1 | 1 / 1 | 2,909 | Iowa Community Development LC |
| Page County | 1 / 2 | 1 | 0 / 1 | 3,032 | — |
| Shelby County | 1 / 1 | 1 | 1 / 0 | 2,253 | Iowa Community Development LC |
| Washington County | 1 / 1 | 1 | 0 / 0 | 3,351 | — |
| Wright County | 1 / 1 | 1 | 0 / 0 | 3,607 | — |
| Decatur County | 0 / 2 | — | 0 / 2 | — | — |
| Lucas County | 0 / 1 | — | 0 / 1 | — | — |
| Pocahontas County | 0 / 1 | — | 0 / 1 | — | — |
| Union County | 0 / 1 | — | 0 / 1 | — | — |
| Webster County | 0 / 2 | — | 0 / 1 | — | — |
Counties with no designated tracts are listed only if they lost OZ 1.0 tracts. NMTC: CDFI Fund NMTC public data release. 11 distinct CDEs across Iowa's designated tracts.
Find projects and partners in the designated tracts
Every designated tract in Iowa, tagged by the signals that point to a project type or a partner. Pick tags to narrow the list — a tract must carry every tag selected. Tags are simple published rules, not a score; hover a tag for its definition.
44 of 44 tracts shown
Download all eligible tracts, national (CSV) →| Tract | County | Pov. | MFI | Pop. | Rent. | Vac. | Signals | Prior NMTC CDEs |
|---|---|---|---|---|---|---|---|---|
| 19007950400 | Appanoose County | 13.4% | 64.5% | 2,904 | 35.4% | 12.8% | Rural / QROFCRA-eligible | — |
| 19013000100 Sioux City | Black Hawk County | 27.1% | 59.4% | 1,938 | 86% | 19.8% | Former OZ 1.0NMTC track recordCRA-eligibleHousing pressureHigh vacancy | National Trust Community Investment Corporation $0.6M · 1 deal |
| 19013000800 | Black Hawk County | 15.3% | 60.8% | 3,454 | 29.2% | 17.5% | CRA-eligibleHigh vacancy | — |
| 19013002301 Waterloo | Black Hawk County | 24.1% | 112% | 2,295 | 47.3% | 3.3% | | — |
| 19029190500 Council Bluffs | Cass County | 27.6% | 80% | 2,708 | 37.6% | 14.8% | Rural / QROFFormer OZ 1.0NMTC track recordCRA-eligible | National Trust Community Investment Corporation |
| 19033950402 | Cerro Gordo County | 20.7% | 65.5% | 4,121 | 39.1% | 11.4% | Rural / QROFCRA-eligibleUI Tier 1 | — |
| 19039960300 | Clarke County | 23.3% | 83% | 2,163 | 8.6% | 8.7% | Rural / QROFCRA-eligible | — |
| 19045000100 Sioux City | Clinton County | 31.3% | 40.7% | 2,761 | 56.8% | 24% | Rural / QROFFormer OZ 1.0NMTC track recordHousing pressureHigh vacancy | Five Points Community Capital, LLC; Urban Action Community Development LLC $7.1M · 2 deals |
| 19047070401 | Crawford County | 23.1% | 91.3% | 3,022 | 33.1% | 5.9% | Rural / QROFFormer OZ 1.0 | — |
| 19057000300 Davenport | Des Moines County | 24.5% | 55.8% | 3,618 | 55% | 7.4% | Rural / QROFFormer OZ 1.0NMTC track recordCRA-eligibleHousing pressure | Iowa Community Development LC |
| 19057000800 | Des Moines County | 21.4% | 84% | 3,493 | 29.8% | 6.2% | Rural / QROF | — |
| 19061000100 Davenport | Dubuque County | 25.6% | 52% | 2,314 | 86.9% | 20.2% | Former OZ 1.0NMTC track recordCRA-eligibleHigh vacancy | Central States Development Partners, Inc.; DV Community Investment, LLC; Iowa Community Development LC; Midwest Renewable Capital, LLC $2.6M · 6 deals |
| 19061000500 | Dubuque County | 34.3% | 43.6% | 4,025 | 69.8% | 5.8% | Former OZ 1.0NMTC track recordCRA-eligibleHousing pressure | Consortium America, LLC |
| 19065080400 | Fayette County | 27.6% | 66.7% | 2,845 | 21.9% | 9.7% | Rural / QROFCRA-eligible | — |
| 19097950600 | Jackson County | 20.6% | 82% | 2,364 | 37.3% | 10.5% | Rural / QROFFormer OZ 1.0CRA-eligible | — |
| 19099040500 | Jasper County | 20% | 45% | 4,623 | 44.5% | 16.3% | Rural / QROFCRA-eligibleHigh vacancy | — |
| 19101090400 Des Moines | Jefferson County | 23.7% | 115.7% | 5,248 | 31.3% | 8.1% | Rural / QROFCRA-eligible | — |
| 19103000200 | Johnson County | 32.7% | 38.5% | 4,175 | 73% | 11.1% | Former OZ 1.0NMTC track recordCRA-eligibleHousing pressureUI Tier 1 | Iowa Community Development LC $0.1M · 1 deal |
| 19103000600 | Johnson County | 35.9% | 49.3% | 3,006 | 85.6% | 7.5% | CRA-eligibleHousing pressure | — |
| 19105070301 | Jones County | 15.5% | 60.7% | 1,868 | 26.2% | 15.6% | Rural / QROFHigh vacancy | — |
| 19105070402 Atlantic | Jones County | 20.9% | 107.8% | 2,860 | 23.6% | 9.7% | Rural / QROF | — |
| 19111491000 | Lee County | 14.2% | 65.7% | 2,000 | 35.4% | 16.2% | Rural / QROFCRA-eligibleHigh vacancy | — |
| 19113001900 | Linn County | 31.4% | 41.1% | 2,881 | 94.2% | 13.3% | Former OZ 1.0NMTC track recordCRA-eligible | Iowa Community Development LC $1.4M · 1 deal |
| 19113002700 | Linn County | 38.6% | 46.6% | 1,875 | 81% | 8.4% | Former OZ 1.0NMTC track recordCRA-eligibleHousing pressureUI Tier 1 | Central States Development Partners, Inc.; Iowa Community Development LC; Midwest Renewable Capital, LLC $2.2M · 4 deals |
| 19113003004 | Linn County | 20.7% | 66.3% | 4,083 | 45.9% | 13.2% | | — |
| 19127950900 | Marshall County | 25.3% | 79.4% | 3,622 | 29.7% | 5.2% | Rural / QROFFormer OZ 1.0CRA-eligibleUI Tier 1 | — |
| 19139051000 | Muscatine County | 22.9% | 53.2% | 2,909 | 25.3% | 8.4% | Rural / QROFFormer OZ 1.0NMTC track recordCRA-eligible | Iowa Community Development LC |
| 19145490300 | Page County | 21.7% | 80.2% | 3,032 | 37.1% | 9.8% | Rural / QROFCRA-eligible | — |
| 19153005101 | Polk County | 22.3% | 80.4% | 7,131 | 90.8% | 13.5% | NMTC track record | Commercial Federal Community Development Corporation; Iowa Community Development LC $3.2M · 4 deals |
| 19153005200 | Polk County | 19.4% | 51.1% | 3,238 | 62.2% | 11.5% | CRA-eligibleUI Tier 1 | — |
| 19153010806 | Polk County | 21% | 58.8% | 4,789 | 21.8% | 8.9% | CRA-eligible | — |
| 19153011114 Des Moines | Polk County | 9.5% | 67.3% | 3,914 | 74.5% | 9.5% | UI Tier 1 | — |
| 19155030900 | Pottawattamie County | 18.5% | 46.2% | 1,506 | 93.5% | 7.6% | Former OZ 1.0NMTC track recordCRA-eligible | HEDC New Markets, Inc |
| 19155031300 | Pottawattamie County | 20.1% | 46.3% | 3,150 | 19.2% | 1.9% | Former OZ 1.0NMTC track recordCRA-eligible | HEDC New Markets, Inc |
| 19163010600 | Scott County | 39.9% | 60% | 2,720 | 79.9% | 18.1% | Former OZ 1.0CRA-eligibleHousing pressureHigh vacancy | — |
| 19163010900 | Scott County | 44.7% | 30.9% | 2,261 | 90.6% | 20.9% | Former OZ 1.0NMTC track recordHigh vacancyUI Tier 1 | National Trust Community Investment Corporation; Urban Research Park CDE, LLC |
| 19165960400 | Shelby County | 14.4% | 62.9% | 2,253 | 28.8% | 13.6% | Rural / QROFFormer OZ 1.0NMTC track recordCRA-eligible | Iowa Community Development LC $0.5M · 1 deal |
| 19169001000 | Story County | 35.4% | 71% | 5,311 | 68.7% | 3.5% | CRA-eligibleHousing pressure | — |
| 19169001101 | Story County | 42.6% | 121.7% | 3,337 | 68.1% | 14.6% | | — |
| 19183960300 | Washington County | 22% | 56.2% | 3,351 | 46% | 7.6% | Rural / QROFCRA-eligible | — |
| 19193000100 | Woodbury County | 14.5% | 60.9% | 5,124 | 37.5% | 3.7% | Former OZ 1.0CRA-eligibleUI Tier 1 | — |
| 19193001100 | Woodbury County | 10.5% | 68.2% | 4,580 | 32.6% | 4.1% | CRA-eligible | — |
| 19193003600 | Woodbury County | 35.2% | 49.4% | 3,280 | 87.7% | 13.9% | Former OZ 1.0NMTC track recordCRA-eligibleUI Tier 1 | Iowa Community Development LC |
| 19197680500 | Wright County | 30.1% | 68.5% | 3,607 | 28.1% | 9.5% | Rural / QROFCRA-eligible | — |
Reading the signals for projects
- Rural / QROF — a rural QOF investment gets a 30% basis step-up at five years, and existing buildings need only 50% improvement. Rehab of existing stock pencils here in ways it does not elsewhere. Mechanics →
- Housing pressure — mostly renters, most of them cost-burdened. Housing deals here have demand; they also carry displacement risk, which is where community benefit terms matter.
- High vacancy — vacant structures to bring back. Pair with the 50% rural improvement threshold where both apply.
- UI Tier 1 — the Urban Institute's read that private capital is likely to come and the impact would be larger.
Reading the signals for partners
- NMTC track record — the listed CDEs have underwritten deals in this exact tract. They know the market and can layer NMTC with OZ equity. How they stack →
- CRA-eligible — bank investment here earns CRA credit. Start with community development officers at banks with branches in the county.
- Former OZ 1.0 — QOFs and sponsors may already hold assets here. They are the most likely early OZ 2.0 investors and know the local approvals path.
- Tribal — the tribal government is a principal, not a stakeholder to consult. Persistent poverty — USDA Rural Development programs can fill gaps.
Data context
13
Eligible tracts in EIG DCI top distress quintile
The EIG Distressed Communities Index (2019–2023) is referenced in many state scoring rubrics. Quintile 1 = most distressed. See whether OZ 1.0 reached the most distressed places →
0
Counties with eligible tracts designated USDA persistent poverty
Persistent poverty = 20%+ poverty rate in every census 1980–2010. Source: USDA ERS County Typology Codes (2015 edition). Relevant for USDA RD program eligibility and QROF rural bonus. See QROF rural bonus mechanics →
44
Prior NMTC investments in eligible OZ tracts
CDFI Fund NMTC Public Data Release (2024). Indicates prior CDFI capital deployment track record in these tracts. See how NMTC and OZ stack →
134
Eligible tracts with CRA designation (LMI or distressed/underserved)
Banks earn CRA credit for investing in low- or moderate-income tracts (Track 1), and in non-metropolitan middle-income tracts officially designated distressed or underserved by FFIEC (Track 2). When an OZ project sits in a CRA-eligible tract, bank capital can satisfy CRA obligations while generating OZ tax benefits. How CRA and OZ interact →
Cities: Des Moines, Council Bluffs, Cedar Rapids, Waterloo, Sioux City and 44 more
ZIP codes: 51501, 50317, 50316, 50703, 50320 and 92 more
See all 49 cities and 97 ZIP codes
All cities:
Des Moines, Council Bluffs, Cedar Rapids, Waterloo, Sioux City, Davenport, Ottumwa, Iowa City, Ames, Dubuque, Centerville, Oelwein, Newton, Muscatine, Evansdale, Keokuk, Coralville, Burlington, Cedar Falls, Bettendorf, Washington, Urbandale, Toledo, Tama, Spencer, Seymour, Sergeant Bluff, Saint Olaf, Riverside, Plano, Carlisle, Oskaloosa, Chariton, Exline, Cincinnati, Moulton, Monona, Mc Gregor, Mason City, Marquette, Leon, Anamosa, Clinton, Hills, Hiawatha, Garnavillo, Farmersburg, Fairfield, West Des Moines
All ZIP codes:
51501, 50317, 50316, 50703, 50320, 52501, 51105, 50314, 51103, 51503, 50315, 52402, 51104, 52240, 51101, 50313, 52401, 52405, 50011, 52404, 52544, 52802, 52246, 52803, 52804, 50701, 50310, 52001, 52806, 51106, 52403, 52761, 52241, 52242, 52601, 52801, 52632, 50010, 50309, 50707, 50702, 50662, 50311, 50208, 52406, 52555, 52549, 50303, 50304, 51054, 50305, 52572, 50312, 50318, 52556, 52590, 52577, 52581, 52342, 50302, 50301, 52722, 52732, 50265, 50144, 50049, 50047, 50014, 52353, 52327, 52339, 52049, 51102, 50704, 51108, 51111, 51301, 50613, 50402, 50401, 52003, 52004, 52047, 52072, 50947, 52157, 52158, 52159, 52205, 52233, 52235, 50360, 50322, 50321, 52245, 50319, 52807
Look up a specific tract (FFIEC) → Source: FFIEC Census Flat File 2026, joined to IRS Rev. Proc. 2026-14 eligible tracts.
25
Eligible tracts in top investability quintile (Urban Institute model)
The Urban Institute investability model scores OZ-eligible tracts by predicted likelihood of attracting private capital, based on OZ 1.0 investment patterns. Quintile 1 = highest predicted investability among scored tracts. Not all tracts are scored — coverage reflects tracts with sufficient OZ 1.0 data.
Who to contact
Iowa Economic Development Authority (IEDA)
https://opportunityiowa.gov/community/revitalization/opportunity-zonesCertified CDFIs
9 certified CDFIs headquartered in Iowa. CDFI Fund certified list →
USDA Rural Development
USDA RD Iowa State Office →RCAP Regional Partner
Midwest Assistance Program (MAP) →Rural LISC
Rural LISC →Native / tribal
No formal tribal consultation process has been published for Iowa's OZ 2.0 nomination. If your jurisdiction contains or is adjacent to tribal land, contact the relevant Tribal Historic Preservation Office (THPO) or tribal government directly before submitting a nomination.
Designations: Treasury, 2027 QOZ designations and revised eligible-tract file (October 30, 2026). Demographics: ACS 2020–2024 5-year. OZ 1.0: IRS Notice 2018-48, crosswalked to 2020 tracts. Eligible tract counts: IRS Rev. Proc. 2026-14 (April 6, 2026). Rural designation: Notice 2025-50, Section 4.01. Status tier last verified 2026-06-16. Full methodology.