Archives

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.

DES MOINES, IA - May 13, 2010 - (RealEstateRama) -- Governor Chet Culver today announced $29 million in housing fund awards to 47 recipients through Community Development Block Grants (CDBG) and the HOME Investment Partnership Program (HOME). Also announced were an additional nine awards that received funding as a part of the $516.7 million in Community Development Block Grant (CDBG) Disaster Recovery Funds announced in October 2009. The Iowa Department of Economic Development received the CDBG allocations from the U.S. Department of Housing and Urban Development.

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, IA - April 7, 2010 - (RealEstateRama) -- Governor Chet Culver announced today that six affordable housing initiatives will receive a total of more than $2.2 million to preserve and construct affordable housing. The awards are made through the Affordable Housing Program, a part of the Culver/Judge Administration’s I-JOBS initiative. The Iowa Finance Authority administers the program.

DES MOINES, IA - January 20, 2010 - (RealEstateRama) -- Governor Chet Culver today will sign three bills designed to protect Iowa taxpayers and maximize state aid for schools

More than $200,000 in I-JOBS grants made to preserve and build affordable housing. DES MOINES, IA - January 18, 2010 - (RealEstateRama) -- Governor Chet Culver announced this week that two organizations will use I-JOBS funds to build and preserve 62 affordable housing projects in Davenport and West Union. The awards total more than $200,000 and are made through the Affordable Housing Assistance Grant Fund, a part of the Culver/Judge Administration’s I-JOBS initiative. The Iowa Finance Authority administers the program

DES MOINES, IA - October 27, 2009 - (RealEstateRama) -- Governor Chet Culver and Lt. Governor Patty Judge will hold three public events on Wednesday. The Governor will remain at the State Capitol in Des Moines to finalize departmental budget plans, while the Lt. Governor attends events in Iowa City and Perry.

DES MOINES, IA - October 9, 2009 - (RealEstateRama) -- Governor Chet Culver has announced that three housing developments have been awarded a total of more than $18.5 million to construct or preserve affordable housing in central and eastern Iowa. The awards were made through the Culver/Judge I-JOBS initiative and the federal American Recovery & Reinvestment Act (ARRA) to support projects in Ames, Cedar Rapids and Davenport. The Iowa Finance Authority (IFA) administers the programs.

More than $46 million approved to support nearly 500 units of affordable housing in Iowa. DES MOINES, IA - September 23, 2009 - (RealEstateRama) -- Governor Chet Culver announced today that affordable housing projects throughout the state have been awarded a total of more than $46 million to create or preserve nearly 500 units of affordable housing. The awards were made through the Culver/Judge I-JOBS initiative and the federal American Recovery & Reinvestment Act (ARRA). The Iowa Finance Authority administers the programs.

16 public shelters receive funds to improve services and capacity. DES MOINES - September 1, 2009 - (RealEstateRama) -- Governor Culver and First Lady Mari Culver announced that 16 public shelters have been awarded a total of nearly $10 million in I-JOBS funds for shelter renovation and construction through the Public Service Shelter Grant Fund (PSSG).

Awards will aid more than 1,200 units of affordable housing around Iowa. DES MOINES, IA - August 6, 2009 - (RealEstateRama) -- Governor Culver announced that affordable housing projects throughout the state have been awarded a total of more than $37 million to create or preserve 1,200 units of affordable housing. The awards were made through the Culver/Judge I-JOBS initiative and the federal American Recovery & Reinvestment Act (ARRA). The Iowa Finance Authority Board of Directors approved the awards at their meeting today

Iowa Finance Authority Granted Prestigious Funds to Preserve Affordable Housing for Families, Seniors, and Persons with Disabilities in Rural Iowa Communities

Des Moines, IA - February 11, 2009 - (RealEstateRama) — Today, Governor Chet Culver announced $2,128,000 in grants to construct a learning and recreation center in Sheldon, a nature center in Iowa County, a sports complex in Greenfield and a library expansion in Red Oak. The state’s Vision Iowa Board approved the award at their meeting in Des Moines