The Iowa Finance Authority Board of Directors has approved $7.4 million in grants to 25 Local Housing Trust Funds to support local affordable housing initiatives which will assist more than 2,600 Iowa families. Poweshiek and other area counties will benefit.
The grant funds will be used for initiatives such as preserving aging housing stock, subsidizing local down payment assistance programs, providing low-interest loans or grants to assist Iowans in home rehabilitation, financing construction of new single-family housing for low-income Iowans and supporting housing for persons with disabilities and homeless assistance programs.
Region 6 Housing Trust Fund – $292,295
- Area served: Poweshiek, Marshall, and Tama Counties
AHEAD Regional Housing Trust Fund – $302,525
- Area served: Keokuk and Mahaska Counties
East Central Iowa Housing Trust Fund – $277,160
- Area served: Benton and Iowa Counties