The 2021 National Housing Trust Fund Program round will be opening soon.
2021 ROUND DETAILS:
Application Period:
Open: April 30 | 8:00 a.m.
Close: July 2 | 4:30 p.m.
The National Housing Trust Fund (NHTF) increases and preserves the supply of affordable rental housing for extremely low-income households, including homeless families. The needs of extremely low-income renters, those with incomes below 30% of Area Median Income (AMI), are a high priority for IFA. IFA’s highest priority in awarding HTF funds will be proposed projects to be owned by an Experienced Nonprofit Entity that will provide permanent supportive housing for homeless households. An “Experienced Nonprofit Entity” is defined as a 501(c)(3) nonprofit organization with experience providing housing or supportive services to extremely low-income households in the proposed project’s market area. Applications will be evaluated in accordance with need and scoring criteria that emphasizes other State priorities as outlined in the Annual Action Plan.
Eligible applicants include non-profit and for profit entities.
NHTF funds may be provided for new construction, gut rehabilitation or adaptive reuse of rental housing. Gut rehabilitation shall be defined as extensive alteration work to an existing structure including the reconfiguration of a space of over 50% of the total building area or of an entire occupancy classification within the building. Adaptive reuse shall be defined as conversion of an existing structure from a non-housing use in which the existing building had not provided residential housing space for a minimum of three years prior to the date of NHTF application submission. Transitional housing is not eligible for assistance.
All projects awarded NHTF program funds are required to meet a 30-year affordability period. The State of Iowa was allocated $2.7 million for projects for the 2021 funding round.
