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 Oelwein Housing
Oelwein has a lot to offer in Real Estate:
- Wide selection for first time home buyer
- Exclusive design homes and condos
- Traditional homes
- Modern designs
- Selection of rental homes and apartments
- Numerous commercial properties available
- Development land for the investor
- New Housing Incentives listed below
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Lending Institutions and Realtors
Oelwein has numerous lending institutions that can handle your financing and help you through the application process.
Professional realtors are dedicated to making Oelwein the best it can be and they are ready to be of service to you.
See our Member Directory and Choose a Category: Realtors, Banks, etc..
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City of Oelwein Incentives
The City of Oelwein offers the following incentives to owners of newly constructed single family residential dwellings and/or condominiums:
- Waiver of Statutory Building Permit Fees
- Waiver of Statutory Water and Sewer Hook-up Fees
- Free Water and Sewer Services for six months from date of occupancy
- Five-year Property Tax Abatement
- A Single Season Family Pass to the Oelwein Family Aquatics Center for first individual qualifying for Homestead Exemption on the newly constructed home
- A Single Season Family Pass to the Williams Wellness Center in Oelwein
- Season Tickets for Two to the Williams Center for Performing Arts
The Trees Forever Program will provide two free trees (of your choice) as an added benefit for any new house built within city limits.
Fayette County Incentives
Fayette County is a certified Enterprise Zone that allows developers additional benefits to qualified projects. Developers and contractors either building or rehabilitating housing may be eligible to receive:
- Refund of state sales, service or use taxes paid during construction
- Investment Tax Credit up to 10% of investment directly related to construction or rehabilitation on the first $140,000 of value for each home or unit. This credit may be carried forward up to seven years.
Projects must meet Eligibility Requirements established by the City of Oelwein and/or Fayette County Enterprise Zone Commission. Prior approval must be determined prior to construction. This is for information use only.
Call 319-283-1105 to find out how to apply for benefits.
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