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National Housing Trust Fund

Federal Resources, Local Compassion

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.

How Funds Are Used

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.

Application Process

Awards are made directly to owners or developers of affordable housing through competitive funding rounds. The application period for the 2020 NHTF round is now closed. 

Compliance

IFA monitors all housing tax credit, HOME program and National Housing Tax Credit projects for compliance throughout the designated compliance period.

Compliance Information

For questions about these programs reach out to:

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