EXCEL! Estherville New Home Development Grant Application
Excel! Estherville will distribute approximately $50,000 in a competitive, unrestricted grant process to qualified applicants for projects that will create new housing opportunities in Estherville. These funds are available from the collection of local option sales tax allocated to community betterment projects within the City of Estherville. The grants will be awarded to people who construct new homes in the City of Estherville as determined by the guidelines set forth by the Excel! Estherville Oversight Committee.
- Grants are only for the construction of a new (not previously occupied) personal residence (single family, duplex, triplex, townhome or condominium) home within the corporate limits of the City of Estherville that began construction (as determined by building permit) after 10-1-2018.
- Square footage calculations exclude garage, basement, porch, deck, & patio.
- The home must have, at a minimum, a two car attached garage.
|Grant Amount||Square Footage Requirement||Minimum Appraised value/actual cost of home & land|
|$5,000||900 - 1,199||$90,000|
|$7,500||1,200 - 1,499||$110,000|
|$10,000||1,500 and above||$125,000|
The grant program is now open to receive applications. Grant commitments will be issued on a “first come-first served” basis until all funds have been committed or December 31, 2019, whichever occurs first. All applicants will be notified when final decisions are made. Grant funds will be disbursed at the completion of the project. Completion shall be determined by City Staff.