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Through collaborative leadership we supplied a pipeline of $812 million in new capital investment projects to strengthen and diversify the assets in Iowa. But beyond big number private-sector prospects we also work with the progressive small businesses, nonprofits, civic leaders, workforce, education institutions, utilities, transportation, housing, etc to maximize productivity and long-term prosperity in our evolving economic landscape.

Real Estate Update: Housing Trust Fund now accepting applications

Last week the IRS approved our Region 6 Housing Trust Fund after an extended due diligence period of evaluating the board of directors and operational plan details. October 2009 Iowa Finance Authority also certified the Region 6 Housing Trust Fund to make available $322,307 in funding to support the affordable housing needs of the region that includes Hardin, Marshall, Poweshiek and Tama Counties. Applications for this funding are now available and can be downloaded by clicking here.

Funding is designed to serve low and moderate family income housing needs and can include new construction or preservation of existing affordable housing; transitional housing or homelessness prevention; and rental improvements. The program provides both grants and loans to qualified applicants. In order to qualify for this program, households need to meet certain eligibility guidelines. Examples of home improvements through this project include:

  • Roof replacement
  • Window replacement
  • Furnace repair or replacement
  • Siding replacement
  • Electrical system upgrades
  • Exterior door replacement
  • Insulation
  • Painting

Persons who have contacted our office over the past few months for housing assistance should receive a copy of the application via mail. Other existing housing support loans and grants include (but is not limited to): various USDA Rural Development Programs, 4% and 9% Low Income Housing Tax Credit Programs, Region 6 HOME Rehab Program, Lead Hazard Removal, Federal and State Historic Tax Credits, custom City incentives and various weatherization programs.

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