Workforce Housing Tax Credits assist construction or rehabilitation of housing in communities with workforce housing needs.
The program provides tax benefits to developers to provide housing in Iowa communities, focusing especially on those projects using abandoned, empty or dilapidated properties.
Who Qualifies?
Projects must meet one of four criteria:
Housing development located on a grayfield or brownfield site
Repair or...
This fund is to further the availability of affordable housing and supportive services for Medicaid waiver-eligible individuals with behaviors that provide significant barriers to accessing traditional rental and supportive service opportunities.
The fund provides low-interest loans to those serving a target population of Medicaid members enrolled in or eligibile for Home- and Community-Based Intellectual Disability and/or Brain Injury Waivers.
The Home and Community-Based Services (HCBS) Revolving Loan Program Fund assists the development and expansion of facilities and infrastructure that provide health and wellness programs, health screenings, nutritional assessments, adult day services, respite services and congregate meals for low-income Iowans.
The U.S. Department of Housing and Urban Development (HUD) annually provides funding to states and localities to advance affordable housing priorities. The Iowa Finance Authority administers the State of Iowa's HOME allocation and awards funds through a competitive application process to assist communities with a wide-range of affordable housing initiatives including Rental Assistance to provide property owners and developers with funds to develop and preserve affordable rental...
The federal low-income housing tax credit program acts as an incentive for property owners to invest in the development of rental housing for individuals and families with fixed or limited incomes.
The housing tax credit provides a dollar-for-dollar reduction (or credit) to offset an owner's federal tax liability on ordinary income for a 10-year period.
Funds may be used for the production or preservation of permanent affordable rental housing through new construction, adaptive reuse and/or rehabilitation projects. Proposed projects addressing the needs of extremely low-income renters-those with incomes below 30% of Area Median Income (AMI)-are a high priority for the Iowa Finance Authority.
Loans to assist in the purchase of lots for the purpose of building speculative homes in rural communities. Applications are accepted on an ongoing basis.
The Commercial New Construction (or CNC) program is complimentary, provides complimentary energy analysis, and results in rebate funds from the utility for implementing energy efficiency in design.
Projects that qualify
Receive electricity from MidAmerican Energy or Alliant Energy
5,000 sf or larger
Commercial spaces (including multifamily projects)
Are early in schematics or design development
New Construction OR additions/renovations that include...
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