Housing Fund
Substandard and unaffordable housing supply is a national problem needing long-term solutions. Through the HOME and CDBG programs, the U.S. Department of Housing and Urban Development (HUD) provides financial assistance to state and local governments to implement housing strategies. The State of Iowa has elected to combine a portion of its CDBG funds with its HOME funds in a unique approach to funding housing activities.
Purpose of the Housing Fund
The purposes of the Housing Fund include the following:
- To expand the supply of decent and affordable housing for low- and very low-income persons.
- To strengthen the abilities of local governments and nonprofit organizations to design and implement strategies for providing decent, affordable housing.
- To provide financial and technical assistance in developing affordable housing.
- To create and strengthen partnerships among all levels of government and the private sector, including for-profit and nonprofit organizations, to produce and/or manage affordable housing.
Uses of the Housing Fund
Income Limits
Community Housing Development Organization (CHDO)
Formula Allocations (cities directly funded)
Eligibility
Application Process
For More Information, email housing@iowalifechanging.com, phone 515.242.4825, or write:
Iowa Department of Economic Development
Community Development Division
200 East Grand Avenue
Des Moines, Iowa 50309
Read the "Meeting the Challenges of the Next Decade" Housing Study by Heather MacDonald in a PDF FILE.
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