Northwest, Iowa — An area housing trust fund has received over $250,000 from the state.
The Iowa Finance Authority Board of Directors has approved a total of more than $6.2 million in grants to 25 Local Housing Trust Funds to support local affordable housing initiatives which will assist 2,326 Iowa families. The funding is provided from the State Housing Trust Fund’s Local Housing Trust Fund program.
According to Iowa Finance Authority Executive Director Dave Jamison, the Iowa Legislature created the Local Housing Trust Fund program to allow certified Local Housing Trust Funds the ability to efficiently fulfill unique local affordable housing needs and these awards will do just that. He says that the grants are leveraging an additional $2.8 million in local contributions, which he says is a testament to the shared commitment to provide Iowans with a place they can be proud to call home.
The grant funds will be used for initiatives such 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.
The Northwest Iowa Regional Housing Trust Fund, Inc. received a $280,380 grant. The Northwest Iowa Regional Housing Trust Fund serves Buena Vista, Dickinson, Emmet, Lyon, O’Brien, Osceola and Sioux Counties.
We had a chance to talk to Planning Technician Sherry Zinn a while back, and at that time she told us the Northwest Iowa Regional Housing Trust Fund is a non-profit housing organization that promotes the creation and preservation of affordable housing.
She says the funds are for fixing or energy-efficiency updates, not remodeling, and for more information you can call your city hall or her office at 712-262-7225 Ext. 139.
