Housing Trust Fund

September 05, 2014

Category: Resource, Grant, Loan

Housing Trust Fund

NEWS RELEASE

For Immediate Release

DATE: August 4, 2014

Contact: Carl W. Reimer

Eastern Iowa Regional Housing Corporation Housing Trust Fund (EIRHC HTF)

Solicitation for Applications

The Eastern Iowa Regional Housing Corporation Housing Trust Fund is soliciting applications, and will be applying for funds from the Iowa Finance Authority (IFA) to assist in five (5) of the following Housing Categories:

LEAD HAZARD REMEDIATION
OWNER-OCCUPIED REHABILITATION ACTIVITIES
EMERGENCY (TRANSITIONAL) HOUSING AND SPECIAL NEEDS HOUSING
INFRASTRUCTURE, LOT DEVELOPMENT & NEW CONSTRUCTION
DOWN PAYMENT ASSISTANCE/OWNERSHIP PRESERVATION

Eligible uses: Applications to be considered will cover Dubuque, Delaware, Jackson, Cedar or Clinton counties (excluding the city of Dubuque).

For Developers: Funds must be used for the development or preservation of affordable housing for eligible recipients (income limits are listed below), including infrastructure development, transitional housing, housing for the homeless, homeownership, rental, capacity building or other purposes that further the funds goal. There is a 25% match for funds requested.

For Participating Households: All eligible recipients must have a household income, adjusted by family size, of not more that 80% of the greater of the county or the statewide median income limit as published annually by HUD for rental projects; and for owner-occupied projects, using either the income limits below or the Mortgage Revenue Bond (MRB) income limits as periodically published by IFA.

2014 County 80% County Medium Income limits

	1 person	2 persons	3 persons	4 persons	5 persons
Cedar County	$38,750	$44,250	$49,800	$55,300	$59,750
Clinton County	$36,650	$41,900	$47,150	$52,350	$56,550
Dubuque County	$38,850	$44,400	$49,950	$55,500	$59,950
Jackson County	$33,400	$38,200	$42,950	$47,700	$51,550
Jones County	$36,750	$42,000	$47,250	$52,500	$56,700
Delaware County	$35,650	$40,750	$45,850	$50,900	$55,000

Pre-Applications from Developers and Participating Households are now being accepted and can be found at www.eirha.org and returned to Carl Reimer at 7600 Commerce Park, Dubuque, IA 52002 by August 29, 2014. If you have any questions or would like additional information, please contact Carl W. Reimer at 563-556-4166.

EIRHC is a Fair Housing and Equal Opportunity Institution. Rules for acceptance and participation are without regard to race, color, creed, religion, gender, sexual orientation, gender identity, family or marital status, -national origin, age, disability, or status as a veteran.