It takes compassion and commitment to create and sustain affordable living options around Iowa. The National Housing Trust Fund does just that. The program, administered by the U.S. Department of Housing and Urban Development, complements existing federal, state and local efforts to increase and preserve the supply of affordable housing for extremely low-income and homeless families.
Funds may be used for the production or preservation of permanent affordable rental housing through new construction, adaptive reuse and/or rehabilitation projects. Proposed projects addressing the needs of extremely low-income renters—those with incomes below 30% of Area Median Income (AMI)—are a high priority for the Iowa Finance Authority.
Awards are made directly to owners or developers of affordable housing through competitive funding rounds. The application period for the 2021 NHTF round will open April 30, 2021 at 8:00 a.m. and close July 2, 2021 at 4:30 p.m.
IFA monitors all housing tax credit, HOME program and National Housing Tax Credit projects for compliance throughout the designated compliance period.Compliance Information