Bill
HF 1008
Creates a Iowa Land Redevelopment Trust Act to acquire, manage, rehabilitate, and return distressed properties to productive use to revitalize communities and expand housing and jo
Status and Procedural History
- Introduced: April 14, 2025 (House). Placed on Ways and Means calendar the same day.
- House action: Passed House April 17, 2025 (yeas 92, nays 1); Amendment H‑1249 filed and adopted April 17. Message from House April 21; read first time and passed on file April 21. Attached to SF 655 on May 14, 2025. Referred to Ways and Means (Senate) June 16, 2025.
- Current classification: bill (referred to Ways and Means).
Purpose and Intent
- HF 1008 creates a new statutory chapter titled the “Iowa Land Redevelopment Trust Act.”
- The bill’s stated legislative findings emphasize that dilapidated, abandoned, blighted, and tax‑delinquent properties impose social and economic harms (lower property values, higher public safety costs, decreased tax revenues, weakened community cohesion).
- The General Assembly declares a public need to confront these problems and to return non‑revenue‑generating properties to productive use to revitalize communities, provide affordable housing, attract industry, and create jobs.
- Land redevelopment trusts are identified as a tool to facilitate that return to productive status.
Key Provisions (text provided)
- Establishes short title: “Iowa Land Redevelopment Trust Act” (new chapter 358A.1).
- Sets out legislative intent and findings (new section 358A.2) detailing harms of abandoned/blighted/tax‑delinquent properties and the public interest in remediation (358A.2(1)–(5)).
- Creates a placeholder for definitions in new section 358A.3 (text of definitions not included in the materials provided).
Amendment H‑1249
- Amendment H‑1249 was filed and adopted April 17, 2025. The amendment’s text (as provided) effects a narrow edit on page 17, lines 13–14, striking “redevelopment trust” and inserting “hundred.” (Record indicates this was adopted; the legislative significance of that specific edit is not clear from the excerpt.)
Who would be affected
- Primary stakeholders likely to be affected include municipalities and counties, property owners of dilapidated/tax‑delinquent parcels, mortgage holders and other lienholders, nonprofit and private developers, local taxing authorities, and neighborhoods/residents of targeted areas. The bill’s intent targets properties that are abandoned, blighted, or tax‑delinquent.
Potential Impact
- If fully enacted with implementing provisions (formation, governance, powers, financing, interactions with tax foreclosure and land bank processes), land redevelopment trusts could provide a mechanism to acquire, manage, rehabilitate, and return distressed properties to productive use — with potential outcomes including increased property values, restoration of tax base, expanded housing options, and local job creation. Administrative, legal, and fiscal costs — including how trusts are funded and how liens/taxes are resolved — will depend on the detailed provisions not shown in the provided excerpt.
Limitations / Notes
- The available bill text includes the short title and legislative findings but does not include the substantive operational provisions (trust formation, authority, governance, finance, or definitions). Those provisions are central to assessing legal mechanics and fiscal impacts and should be reviewed in the full bill text or any companion amendments (including the version attached to SF 655).
Compiled from official sources — confirm details with the bill’s official record.
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