Statewide partnerships address affordable housing challenges


Des Moines - Governor Branstad and Lt. Governor Reynolds today proclaimed April 21-27, 2013 as Affordable Housing Week in Iowa. Iowa joins organizations throughout the country in celebrating Affordable Housing Month, with this week declared specifically to bring awareness to the importance of affordable housing in Iowa.

"We've taken great strides to provide affordable housing opportunities for Iowans," said Governor Branstad. "We are committed to making even more progress to ensure an adequate supply of affordable housing is available to fit the needs of Iowa's diverse workforce, young professionals and seniors well into the future."

"The Iowa Finance Authority and the hundreds of local housing organizations, lenders, Realtors, service agencies and affordable housing advocates share the mission of advancing affordable housing opportunities for Iowans," said Lt. Governor Reynolds. "This shared dedication is impacting the lives of Iowans across the state every day, in turn making our neighborhoods, communities and state an even better place to call home."

The Iowa Finance Authority recently commissioned a statewide housing study that found many positive aspects of Iowa's housing market including a high homeownership rate, low rate of foreclosures and high affordability of housing. The study also detailed the most critical housing priorities over the next five years as workforce housing, affordable senior housing, accommodating preferences of elderly to age in place and the preservation of affordable multifamily units. The full study, including regional data is available at

"The Iowa Finance Authority fulfills its mission through the partnership of thousands of local housing professionals," said Iowa Finance Authority Executive Director Dave Jamison. "Affordable Housing Week is an ideal time to say thank you for the tireless efforts of our partners and we look forward to working together to ensure Iowans have an affordable place to call home for generations to come."


The Iowa Legislature created The Iowa Finance Authority, the state's housing finance agency, in 1975 to undertake programs to assist in the attainment of affordable housing for Iowans. Since then, the Iowa Finance Authority's role has grown to include nearly 40 affordable housing, water quality and community development programs. The Iowa Finance Authority is a self-supporting public agency whose mission is to finance, administer, advance and preserve affordable housing and to promote community and economic development for Iowans.



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Community-Based Revolving Loan Fund to Support Affordable Housing and Supportive Services for Iowans with Disabilities 

(DES MOINES) - The Branstad/Reynolds Administration today announced a new program that will further the availability of affordable housing for Iowans with disabilities. The Community-Based Revolving Loan Fund program will provide affordable financing for the construction or rehabilitation of supportive housing for individuals with significant barriers to accessing traditional rental opportunities. The program is jointly administered by the Iowa Finance Authority and the Iowa Department of Human Services.

Community-Based Revolving Loan Fund applicants must receive approval on proposed service plans from the Iowa Department of Human Services before submitting a non-competitive application to the Iowa Finance Authority for affordable construction loans offered at zero to one percent interest, ranging from $50,000-$500,000, subject to availability.

"This new program will provide the affordable financing that developers need to construct specialized affordable housing and supportive services to meet the needs of some of Iowa's most vulnerable citizens," said Governor Branstad. "Affordable housing for all Iowans is central to vibrant communities and a thriving economy and I look forward to seeing the results of this program in action."

"I'm pleased that the affordable housing need for Iowans with disabilities will be supported by this program," said Lt. Governor Reynolds.  "The innovative affordable financing provided through this program will ultimately translate to housing barriers being broken down and Iowans with disabilities being able to thrive in an environment of their choice."   


"The Iowa Finance Authority is proud to offer this program to fulfill an important housing need in partnership with the Iowa Department of Human Services," said Iowa Finance Authority Executive Director Dave Jamison. "We look forward to seeing the far-reaching benefits of this program in Iowa communities for generations to come."  


"The new Community-Based Revolving Loan Fund will provide eligible Iowans with important community-based housing, a vital benefit that is good for Iowans and our communities," said Iowa Department of Human Services Director Chuck Palmer.  



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