Heritage Park Apartments

Heritage Park Apartments is a tax-exempt corporate entity located in Mt Ayr, Iowa, that has been registered to receive federal awards since May 2009. The organization operates as a non-profit entity providing public housing services and has established itself as a consistent recipient of federal grant funding from the U.S. Department of Housing and Urban Development (HUD). Heritage Park Apartments serves as a housing provider that receives operating and capital subsidies to maintain and improve its residential facilities for low-income residents.

Heritage Park Apartments has received a series of federal formula grants exclusively from HUD's Public and Indian Housing Office since at least 2021. The organization has been awarded grants under two primary programs: the Public Housing Operating Fund (PH OPFUND) and the Public Housing Capital Fund (CFP). Through the Operating Fund grants, Heritage Park Apartments receives funding to cover day-to-day operational expenses associated with public housing, including management and operations, routine and preventative maintenance, anti-crime and security activities, energy costs, resident supportive services, insurance, and administrative costs required under the U.S. Housing Act of 1937. Through the Capital Fund grants, the organization receives financial assistance for capital activities including public housing modernization, development, management improvements, and facility upgrades in accordance with 24 CFR Part 905. The award history demonstrates a consistent pattern of biennial formula grants, with Operating Fund awards granted in calendar years 2022, 2023, 2024, and 2025, and Capital Fund awards granted in February 2021, May 2022, February 2023, May 2024, and May 2025, with the most recent Operating Fund award dated January 1, 2026. Heritage Park Apartments has not served as a prime contractor on federal contracts nor has it partnered with prime contract awardees, indicating its role is limited to direct HUD grant administration for its public housing operations.