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Iowa Finance Authority Awards More Than $7 Million to Local Housing Trust Funds to Advance Housing Priorities

Published on December 2, 2020 by Iowa Finance Authority
Iowa Finance Authority Awards More Than $7 Million to Local Housing Trust Funds to Advance Housing Priorities

State Housing Trust Fund Grants to Assist 2,100 Families Access Housing  

(DES MOINES) – The Iowa Finance Authority Board of Directors today announced the award of a total of more than $7 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 more than 2,100 families.

“The Local Housing Trust Fund program is a highly successful funding mechanism that serves all 99 counties,  ensures local leaders can make critical housing projects a reality and leverages millions in other contributions,” said Iowa Finance Authority Executive Director Debi Durham. “Thousands of Iowa families will soon have access to a home in which they can prosper as a result of the outstanding work of Iowa’s 27 Local Housing Trust Funds.”

“The State Housing Trust Fund is a critical financing tool that has allowed us to advance housing opportunities for our workforce in Cerro Gordo and Floyd Counties,” said Myrtle Nelson, Executive Director of the NIACOG Housing Trust Fund. “The program’s model is highly successful and could be an even greater game changer for advancing affordable housing in rural and urban areas alike if more funding is available in the future.”

The grant funds will be used for initiatives such as preserving aging housing stock, subsidizing local rental and down payment assistance programs, providing low-interest loans or grants to assist Iowans with home rehabilitation, financing construction of new single-family housing for low-income Iowans and supporting housing for persons with disabilities and homeless assistance programs.

The State Housing Trust Fund was created by the Iowa Legislature in 2003. The awards announced today will leverage an additional $2.6 million in other financing or $.38 for every dollar of Local Housing Trust Fund program funding. Since its inception, the program has provided $84 million in affordable housing assistance to benefit nearly 29,000 Iowa families.

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 State Housing Trust Fund allocation to provide grants for organizations certified by the Iowa Finance Authority 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. The Iowa Finance Authority administers both programs and provides technical assistance to housing-related organizations.

FY 2020 Local Housing Trust Fund Program Awards
TRUST FUND AREA SERVED AWARD CONTACT
AHEAD Regional Housing Trust Fund Davis, Jefferson, Keokuk, Mahaska, Van Buren and Wapello Counties $266,935 Chris Bowers: 641.684.6551
Central Iowa Housing Trust Fund Boone, Jasper, Marion and Warren Counties $314,084  

Andrew Collings: 515.334.0075

Chariton Valley Regional Housing Trust Fund, Inc. Appanoose, Lucas, Monroe and Wayne Counties $193,046  

Rachel Mathews: 641.856.2744

City of Dubuque Housing Trust Fund City of Dubuque $141,283  

Alexis Steger: 563.589.4239

Council of Governments Housing, Inc. Audubon, Carroll, Crawford, Greene, Guthrie and Sac Counties $235,872  

Karla Janning: 712.792.9914

Dallas County Local Housing Trust Fund, Inc Dallas County $181,055  

Christine Gordon: 515.273.0770

East Central Iowa Housing Trust Fund Benton, Iowa, Jones and Washington Counties $247,489  

Tracey Achenbach: 319.365.9941 x139

Eastern Iowa Regional Housing Corporation Trust Fund Cedar, Clinton, Delaware, Dubuque, (excluding the City of Dubuque) and Jackson Counties $312,429

 

Carl Reimer: 563.556.4166
Great River Housing, Inc. Des Moines, Henry, Lee and Louisa Counties $273,877 Sara Hecox: 319.753.4311

 

Heart of Iowa Regional Housing Trust Fund Hamilton and Webster Counties $211,739 Vickie Reeck: 515.576.4551 x1243
Homeward Housing Trust Fund Calhoun, Franklin, Hancock, Humboldt, Kossuth, Mitchell, Palo Alto, Pocahontas, Winnebago, Worth and Wright Counties $283,686 Cheryl Rhead: 515.532.6477
Housing Fund for Linn County Linn County $347,910  

Tracey Achenbach: 319.365.9941 x139

Housing Trust Fund of Johnson County Johnson County $255,514  

Ellen McCabe: 319.358.0212

Iowa Northland Regional Housing Council Local Housing Trust Fund Black Hawk (excluding the cities of Waterloo and Cedar Falls), Bremer, Buchanan, Butler, Chickasaw and Grundy Counties $274,680 Brian Schoon: 319.235.0311
NIACOG Housing Trust Fund, Inc. Cerro Gordo and Floyd Counties $219,522 Myrtle Nelson: 641.423.0491 x16
Northeast Iowa Regional Housing Trust Fund Allamakee, Clayton, Fayette, Howard and Winneshiek Counties $246,555  

Heidi Hackman: 563.864.7551

 

Northwest Iowa Regional Housing Trust Fund, Inc.

Buena Vista, Clay, Dickinson, Emmet, Lyon, O’Brien, Osceola and Sioux Counties $299,547 Kristin Larsen: 712.262.7225 x139
Polk County Housing Trust Fund Polk County  

$600,236

 

 

Eric Burmeister: 515.282.3233

Pottawattamie County Housing Trust Fund, Inc. Pottawattamie County $212,132 Don Gross:

402.444.6866 x230

Region 6 Housing Trust Fund Hardin, Marshall, Poweshiek and Tama Counties  

$259,092

 

 

Marty Wymore: 641.752.3978

Scott County Housing Council Muscatine and Scott Counties  

$389,164

 

 

Leslie Kilgannon: 563.323.0420

Sioux City Housing Trust Fund, Inc. City of Sioux City $170,087  

Tiffany Bonnes: 712.279.6245

Southern Iowa COG Housing Trust Fund Adair, Adams, Clarke, Decatur, Madison, Ringgold, Taylor and Union Counties $229,482 Tim Ostroski: 641.782.8491
Southwest Iowa Housing Trust Fund, Inc. Cass, Fremont, Harrison, Mills, Montgomery, Page and Shelby Counties $253,756 Tammy Debord: 712.243.4196 x234
Story County Housing Trust Fund Story County $207,973 Andrew Collings

515.344.1649

Waterloo Housing Trust Fund City of Waterloo $153,667  

Brian Schoon: 319.235.0311

Western Iowa Community Improvement Regional Housing Trust Fund Cherokee, Ida, Monona, Plymouth and Woodbury (excluding the city of Sioux City) Counties $233,810  

Amanda Harper: 712.279.6286

 

$7,014,622