The Iowa Finance Authority Board of Directors recently announced the award of a total of more than $12.5 million in grants to 27 Local Housing Trust Funds to support local housing initiatives. The grant awards are made available through the Local Housing Trust Fund program and are expected to assist 2,636 families across all 99 Iowa counties.
The grant funds will support a range of initiatives aimed at developing or preserving housing for low-income households across the spectrum of housing needs. This includes the development and preservation of housing, assistance for persons experiencing homelessness, rental assistance, homeownership support, bolstering the capacity of local housing organizations and other efforts that directly address local housing needs.
The Iowa Northland Regional Housing Council LHTF, which includes Butler and Grundy Counties, will receive $479,690, the NIACOG Housing Trust Fund, which includes Cerro Gordo and Franklin Counties, will receive $511,166, and the Region 6 Housing Trust Fund, Incorporated, which includes Hardin County, will receive $450,560.
The State Housing Trust Fund helps ensure decent, safe and affordable housing for Iowans through two programs. The Local Housing Trust Fund Program receives at least 60 percent of the SHTF allocation to provide grants for organizations certified by IFA as a Local Housing Trust Fund.
The remaining funding goes to the Project-Based Housing Program, which aids in the development of affordable single-family and multifamily housing. IFA administers both programs and provides technical assistance to housing-related organizations.
The award list is available here.
