How to Qualify for Iowa Finance Authority Housing & Grant Programs in 2025
Emergency Housing Resources
For individuals facing immediate housing challenges, the Iowa Finance Authority connects residents with emergency housing resources. Veterans and domestic violence survivors can access specialized support through dedicated hotlines and local assistance programs.
Homebuyer education is a key component of these programs, with training required for conventional loans to ensure residents are prepared for successful homeownership.
Development Financing Programs
The Iowa Finance Authority (IFA) provides critical development financing programs that support housing and economic growth across rural Iowa initiatives. These strategic financial tools help communities overcome economic challenges and create sustainable housing solutions.
Tax credits play a significant role in stimulating housing development. The Low-Income Housing Tax Credit (LIHTC) program stands out as a powerful mechanism for creating affordable housing opportunities.
Low-Income Housing Tax Credit (LIHTC)
The LIHTC program incentivizes developers to construct affordable housing by offering tax credits. Developers can leverage these credits to offset their tax liability while providing quality housing for low-income residents.
| Program Feature | Details |
|---|---|
| Credit Value | 9% and 4% credit rates |
| Income Targeting | Households at or below 60% Area Median Income |
| Project Duration | Minimum 15-year compliance period |
