IFA awards $275,529 in grant funds to Heart of Iowa Regional Housing Trust Fund.

The Iowa Finance Authority awarded $275,529 on Wednesday to the Heart of Iowa Regional Housing Trust Fund. The fund will aid eligible residents in Hamilton and Webster counties. The Authority awarded more than 9 million dollars in grants to 27 local housing trust funds to support local housing initiatives. The grant awards are made available through the Local Housing Trust Fund program and are expected to assist more than 2,100 eligible families in Iowa.The grant funds will be used for initiatives such as preserving aging housing stock , subsidizing local rental and down payment assistance programs, providing low interest loans or grants to assist Iowans with home rehabilitation, financing construction of new single family housing for low income Iowans and supporting housing for persons with disabilities and homeless assistance programs.