DES MOINES, IOWA (July 1, 2026) — The Iowa Finance Authority (IFA) Board of Directors has awarded more than $1.1 million in annual federal Housing Tax Credits and $500,000 in State HOME funds to support the redevelopment of the former Lincoln Elementary School in Fort Madison into thirty affordable rental homes for seniors. The tax credit award is expected to generate more than $8.7 million in private equity.













