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Find similar grantsOpen-window basis from July 1 until funds run out; page text references FY2025.
State Housing Trust Fund (Project-Based Housing Program) is sponsored by Iowa Finance Authority. State-administered fund supporting research-driven affordable housing development, adaptive reuse, rehabilitation, and preservation projects targeted toward low- and extremely low-income households.
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Project-Based Housing Program | Economic Development & Finance Authority Project-Based Housing Program The Project-Based Housing Program assists locally supported affordable housing projects that are not eligible to receive funding under a Local Housing Trust Fund’s Housing Assistance Plan. Project-based Housing Program Funding $300,000 in funding is available for the FY 2025 Project-Based Housing Program.
The program is now accepting FY 2025 applications on an open-window basis, subject to available funding. For projects benefiting eligible recipients, program funding must not exceed 75% of the total project budget, excluding administrative and developer fee line items.
For affordable housing projects benefiting extremely low-income recipients, program funding may not exceed 90% of the total project budget, excluding administrative and developer fee line items.
Nonprofit housing organizations For-profit housing development organizations Recognized neighborhood associations Economic development organizations Homeless service providers Transitional housing providers Domestic violence shelters New construction of affordable housing Acquisition or adaptive reuse projects to develop new affordable housing opportunities Rehabilitation or home modification by a Qualified Nonprofit to provide for increased accessibility in existing housing units serving Extremely Low-Income Iowans Development of affordable housing units serving homeless households (including emergency shelter, domestic violence shelter, and transitional housing units) To assist in the development of Low-Income Housing Tax Credit units reserved for Extremely Low-Income Iowans Lead hazard reduction in affordable housing to be completed by certified lead professionals and contractors certified in safe work practices Foreclosure-prevention, anti-predatory lending, or homebuyer education counseling, provided through an organization that is a part of the Iowa Mortgage Help initiative or has received certification through the National Industry Standards for Homeownership Education and Counseling Prior to application, projects to be located in a certified Local Housing Trust Fund (LHTF) service area must first contact the LHTF to determine eligibility for assistance and, if necessary, request the required LHTF Certification form.
See who you need to contact with this LHTF Map (710. 65 KB) . pdf .
Applications may be submitted beginning July 1 of the current fiscal year and will be accepted on an open-window basis until all available funds have been exhausted. Visit the Trust Fund Resource Page to Learn More Connecting with Resources Please note that individuals may not apply directly to the Iowa Finance Authority for assistance.
If you are looking for housing assistance, please contact the Local Housing Trust Fund in your area (710. 65 KB) . pdf .
Learn about the latest news and programs at the State Housing Trust Fund. State Housing Trust Fund Team
According to the current listing, eligibility includes: Cities, counties, nonprofit/for-profit developers, neighborhood associations, homeless/transitional/DV providers, councils of governments. Confirm the full requirements in the official notice before applying.
The current listing shows $300,000 available (FY2025); up to 75-90% of project budget. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Applications for State Housing Trust Fund (Project-Based Housing Program) are due May 14, 2027. Build your timeline backwards from this date to cover registrations, approvals, and final submission checks.
State Housing Trust Fund (Project-Based Housing Program) is funded by Iowa Finance Authority. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Iowa. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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