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DES MOINES, IA - September 1, 2010 - (RealEstateRama) -- Governor Chet Culver today announced awards of more than $181.6 million to build or rehabilitate 1,597 units of affordable housing. The awards were granted from the federal Low-Income Housing Tax Credit program (LIHTC) and Community Development Block Grant (CDBG) program.

DES MOINES, IA - June 14, 2010 - (RealEstateRama) -- Governor Chet Culver today announced that projects in Creston, Altoona and Dubuque will share an award of more than $2.6 million in federal Low-Income Housing Tax Credits to create 135 units of affordable housing. Likewise, a 55-unit housing development in West Des Moines will receive $3,084,299 in Section 1602 funds. A part of the federal American Recovery and Reinvestment Act, the Section 1602 program allows affordable housing developers to exchange some of their original tax credit allocation for cash to finance the construction of their project. The Iowa Finance Authority (IFA) administers both the Low-Income Housing Tax Credit Program and the 1602 Program.

Low-Income Housing Tax Credits benefit Iowans in communities large and small DES MOINES, IA - May 13, 2010 - (RealEstateRama) -- Nine projects in eastern, western and central Iowa will receive approximately $5 million in federal housing tax credits to build or rehabilitate 312 units of affordable housing, Governor Chet Culver announced today.

DES MOINES, DC - December 8, 2009 - (RealEstateRama) -- The Iowa Finance Authority (IFA) Board of Directors recently approved nearly $13 million in federal resources to finance the development of The Rose of Council Bluffs, a 76 unit affordable housing development for older residents

Housing Tax Credits to Build Affordable Housing for Cedar Rapids. DES MOINES, IA - July 8, 2009 - (RealEstateRama) — Governor Chet Culver announced today that Iowa will award more than $15 million in Housing Tax Credits to finance the construction of a new affordable housing project in an area of Cedar Rapids hit hard by the 2008 floods.