Iowa Finance Authority awards $595,000 from State Housing Trust Fund

Projects in Fort Dodge, Keokuk, Mount Pleasant, Fort Madison, Mason City, Waterloo and Council Bluffs get state funds (Des Moines, Iowa) - The Iowa Finance Authority (IFA) Board of Directors recently approved $595,000 in grants from the State Housing Trust Fund’s Project-Based Program, an initiative that helps finance the development of affordable single-family and multifamily housing units for low-income Iowans.

Iowa Finance Authority Executive Director Bret Mills said these grants will help revitalize several Iowa communities while providing safe, decent and affordable housing to the communities’ neediest residents. “I commend these seven cities and community groups for their efforts to provide affordable housing opportunities for their citizens,” Mills said. “Housing is integral to the economic success and social well-being of Iowa’s communities.”

The Iowa Legislature created The Iowa Finance Authority, the state’s housing finance agency, in 1975 to undertake programs to assist in the attainment of housing for low- and moderate-income Iowans.