The US Department of Housing and Urban Development (HUD) annually provides funding to states and localities to advance affordable housing priorities.
The Iowa Finance Authority administers the State of Iowa’s HOME allocation and awards funds through a competitive application process to assist communities with a wide-range of affordable housing initiatives, including:
The Homebuyer Assistance Program allows nonprofit entities to give an extra boost to homebuyers through down payment and rehabilitation assistance.
The Tenant-Based Rental Assistance Program allows nonprofit and local government entities to assist many Iowa families to afford their rental home, with a little help.
Assistance types include monthly rental assistance payment, upfront security deposit assistance, and utility deposit assistance.
All funds are paid directly to the landlord or utility provider on behalf of the tenants.
The HOME Rental Assistance program provides property owners and developers with funds to develop and preserve affordable rental housing for Iowans.
IFA monitors all housing tax credit, HOME program and National Housing Tax Credit projects for compliance throughout the designated compliance period.Compliance Information