Funds may be used for the production or preservation of permanent affordable rental housing through new construction, adaptive reuse and/or rehabilitation projects. Proposed projects addressing the needs of extremely low-income renters-those with incomes below 30% of Area Median Income (AMI)-are a high priority for the Iowa Finance Authority.
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National Housing Trust Fund
https://www.iowafinance.com/programs-for-property-developers/national-housing-trust-fund/