(Des Moines)– Some housing initiatives in the region have been awarded funding through the Iowa Finance Authority to develop or preserve housing for low-income households. More than $12.5 million in grants will be distributed to 27 local housing trust funds throughout the state. The Northwest Iowa Regional Housing Trust Fund, which serves Buena Vista, Clay, Dickinson, Emmet, Lyon, O’Brien, Osceola, Palo Alto and Sioux counties will be receiving nearly $548,000.
The grants are being awarded through the Iowa Housing Trust Fund which was created by the Iowa Legislature in 2003. State officials say the awards will leverage an additional $4 million in other financing or 32 cents for every dollar of local housing trust fund program funding.
