Edited release
12/07/23
The Iowa Finance Authority Board of Directors have announced the award of a total of more than $11.2 million in grants to 26 Local Housing Trust Funds, including those in Johnson and Linn counties, to support local housing initiatives.
The grant funds will support a range of initiatives aimed at developing or preserving housing for low-income households across the spectrum of housing needs. This includes the development and preservation of housing, infrastructure development, transitional housing, assistance for homeless individuals, rental assistance, home ownership support, bolstering the capacity of local housing organizations and other efforts that directly address local housing needs.
The Housing Trust Fund of Johnson County was awarded $444,945; the Housing Fund for Linn County received $580,473.
The State Housing Trust Fund was created in 2003. Since its inception, it has provided $123.6 million in affordable housing assistance to benefit nearly 38,000 Iowa families. The grant awards this year are expected to assist 2,824 families across the state.