Applications

NOTE: BEFORE SUBMITTING ANY APPLICATION PLEASE CONTACT STAFF FOR AN ELIGIBILITY DETERMINATION AND ADDITIONAL INFORMATION

Currently the Central Iowa Housing Trust Fund is accepting applications for funding through October, 2020. Approximately $50,000 is available for eligible housing applications. Additional match and other requirements are described below.

The following entities are eligible to apply for funding from the Central Iowa Housing Trust Fund (CIHTF):

– Government Entities (Cities and Counties)
– Nonprofits
– For Profit Entities (Certain Limitations May Apply)

Projects are awarded on a first come, first ready to proceed basis. Other applicable information includes:

– All funding and local match must go to housing project benefiting households at 80% or lower of the Area Median Income.
– There is a 33.34% local match requirement for projects. Funds will be given to the CIHTF before a grant agreement can be signed. Local match will be drawn down with grant funding as the project is implemented.
– Applicants are responsible for all income verification requirements.
– Projects funding is based on actual costs incurred and is a reimbursement program.
– A minimum of 30% of grant funding from IFA must go to assisting households at or below 30% of Area Median Income (Extremely Low Income Populations). Project proposals that will benefit a higher percentage of Extremely Low Income Populations will be prioritized higher. The higher the percentage of Extremely Low Income Populations proposed to receive funding, the higher the prioritization.
– Additional consideration will be given to applications targeting vulnerable and special-needs populations not limited to the homeless, those with disabilities, survivors of domestic violence, and those in transitional housings.
– Funding is available in the form of grants, loans, and forgivable loans.

Applications

To download a paper copy of the grant application, please click here.

To utilize the online grant form, please click here.

Additional requirements for a completed application include:

– Resolution or other documentation that approves the application submittal
– If the community where the project is taking place must have a resolution stating their support of the CIHTF on file. Contact staff with questions.

Current Income Limits

Owner Occupied Project Income Limits – 30%, 50%, and 80% of Area Median Household Income (2019)

COUNTY1 person 80% AMI2 person 80% AMI3 person 80% AMI4 person 80% AMI5 person 80% AMI6 person 80% AMI7 person 80% AMI8 person 80% AMI
Boone$61,520$61,520$70,748$70,748$70,748$70,748$74,050$78,850
Jasper$61,520$61,520$70,748$70,748$70,748$70,748$72,050$76,700
Marion$61,520$61,520$70,748$70,748$70,748$70,748$74,800$79,600
Warren$70,000$70,000$80,500$80,500$80,500$81,200$86,800$92,400
Source: Fiscal Year (FY) 2019 Income Limits for the State Housing Trust Fund
COUNTY1 person 50% AMI2 person 50% AMI3 person 50% AMI4 person 50% AMI5 person 50% AMI6 person 50% AMI7 person 50% AMI8 person 50% AMI
Boone$38,450$38,450$44,217$44,217$44,217$44,217$46,281$49,281
Jasper$38,450$38,450$44,217$44,217$44,217$44,217$45,031$47,937
Marion$38,450$38,450$44,217$44,217$44,217$44,217$46,750$49,750
Warren$43,750$43,750$50,312$50,312$50,312$50,750$54,250$57,750
Source: Fiscal Year (FY) 2019 Income Limits for the State Housing Trust Fund
COUNTY1 person 30% AMI2 person 30% AMI3 person 30% AMI4 person 30% AMI5 person 30% AMI6 person 30% AMI7 person 30% AMI8 person 30% AMI
Boone$23,070$23,070$26,530$26,530$26,530$26,530$27,768$29,538
Jasper$23,070$23,070$26,530$26,530$26,530$26,530$27,018$28,762
Marion$23,070$23,070$26,530$26,530$26,530$26,530$28,050$29,850
Warren$26,250$26,250$30,187$30,187$30,187$30,187$32,550$34,650
Source: Fiscal Year (FY) 2019 Income Limits for the State Housing Trust Fund

Rental Project Income Limits – 30%, 50%, and 80% of Area Median Household Income (Effective April 1, 2020)

COUNTY1 person 80% AMI2 person 80% AMI3 person 80% AMI4 person 80% AMI5 person 80% AMI6 person 80% AMI7 person 80% AMI8 person 80% AMI
Boone$43,550$49,750$55,950$62,150$67,150$72,100$77,100$82,050
Jasper$40,800$46,600$52,450$58,250$62,950$67,600$72,250$76,900
Marion$42,800$48,900$55,000$61,100$66,000$70,900$75,800$80,700
Warren$49,950$57,100$64,250$71,350$77,100$82,800$88,500$94,200
Source: HUD County Income Limits
COUNTY1 person 50% AMI2 person 50% AMI3 person 50% AMI4 person 50% AMI5 person 50% AMI6 person 50% AMI7 person 50% AMI8 person 50% AMI
Boone$27,200$31,100$35,000$38,850$42,000$45,100$48,200$51,300
Jasper$25,500$29,150$32,800$36,400$39,350$42,250$45,150$48,050
Marion$26,750$30,600$34,400$38,200$41,300$44,350$47,400$50,450
Warren$31,250$35,700$40,150$44,600$48,200$51,750$55,350$58,900
Source: HUD County Income Limits
COUNTY1 person 30% AMI2 person 30% AMI3 person 30% AMI4 person 30% AMI5 person 30% AMI6 person 30% AMI7 person 30% AMI8 person 30% AMI
Boone$16,350$18,650$21,720$26,200$30,680$35,160$39,640$44,120
Jasper$15,300$17,500$21,720$26,200$30,680$35,160$39,640$44,120
Marion$16,050$18,350$21,720$26,200$30,680$35,160$39,640$44,120
Warren$18,750$21,400$24,100$26,750$30,680$35,160$39,640$44,120
Source: HUD County Income Limits

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