The City is now accepting applications for a federal program that provides funding for affordable housing projects.
The U.S. Department of Housing and Urban Development’s HOME program provides money for eligible projects that include affordable housing rehabilitation or new construction of rental housing, tenant based rent assistance and homeownership. In fiscal year 2018, the City of Iowa City is expected to have approximately $245,000 in unallocated federal HOME funds, including entitlements plus program income. This money must be used for HOME eligible projects.
Applications are due by noon Monday, June 5, 2017. The Housing and Community Development Commission and the City Council will review all applications and conduct a public allocation process to determine which projects will receive funding. The commission will review applications on Thursday, June 15, 2017 at the Senior Center, Room 202, 28 S. Linn St., Iowa City.
Funds are awarded according to the needs and priorities outlined in the City’s 2016-2020 Consolidated Plan (CITY STEPS), which is available online icgov.org/actionplan. The funds will become available for use after HUD approval, expected in August 2017. To find out if you are eligible, or to apply for the program, visit icgov.org/actionplan.
Questions about the funding process should be directed to Neighborhood Services staff at 319-356-5247 or firstname.lastname@example.org.