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Iowa awarded $23.2M in tax credits and grants to build and support 3,200+ affordable housing units.
The Iowa Finance Authority has awarded $11 million in federal tax credits and $12.2 million in grants to support affordable housing across Iowa.
The tax credits will fund over 800 units in Cedar Rapids, Iowa City, Sioux City, and Des Moines, while the grants will assist 2,473 families through local housing trust funds.
These efforts aim to address Iowa’s growing housing needs, with funding supporting construction, repairs, rental assistance, homeownership programs, and homelessness prevention.
The awards mark the first competitive round for the tax credit program, enabling nearly twice as many units as last year.
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Iowa otorgó $ 23,2 millones en créditos fiscales y subvenciones para construir y apoyar más de 3,200 unidades de vivienda asequibles.