Housing trust fund

The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded the Iowa Finance Authority $3.134 million under the Housing Trust Fund program on September 19, 2025. The Housing Trust Fund (CFDA 14.275) expands and preserves the supply of affordable housing, particularly rental housing, for extremely low-income and very low-income households through formula-based state allocations.

Iowa Finance Authority, a state government entity headquartered in Des Moines, receives and sub-awards Housing Trust Fund resources to local nonprofit organizations and community development partners throughout Iowa. The award funds the production, preservation, and rehabilitation of rental housing for extremely low-income households. Funding is obligated through September 19, 2032, with performance occurring in Des Moines, Iowa.

Under HTF program requirements, Iowa Finance Authority must commit all funds to projects within 24 months and expend them within 5 years. The recipient must submit an HTF allocation plan as part of its annual action plan by August 16, 2026, and maintain records documenting program compliance for five years after the period of affordability ends. Sub-recipients have included the Institute for Community Alliances, Humility Homes and Services, the Domestic Violence Intervention Program, the Salvation Army, and Siouxland Community Health Center, which deliver rental assistance, case management, and supportive services to low-income populations statewide.