The Iowa Finance Authority Board of Directors today (Wednesday) 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.

Iowa Finance Authority Executive Director Dave Jamison. “The grants announced today are leveraging an additional $2.8 million in local contributions.” 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.

In southwest Iowa, grants were awarded to the following entities:

• Council Bluffs Housing Trust Fund, Inc. – $146,565 for the City of Council Bluffs.
  
• COG (Council of Governments) Housing, Inc. – $235,872, for Audubon, Carroll, Crawford, Greene, Guthrie and Sac Counties.
• Southern Iowa COG Housing Trust Fund – $229,482, for Adair, Adams, Clarke, Decatur, Madison, Ringgold, Taylor and Union Counties.
• Southwest Iowa Housing Trust Fund, Inc. – $289,324, for Cass, Fremont, Harrison, Mills, Montgomery, Page, Pottawattamie (excluding the city of Council Bluffs) and Shelby Counties.