Iowa Homepage

• Low-Income Housing Tax Credit (LIHTC) Properties
  A tax credit property is owned by a developer or landlord who participates in the Low-Income Housing Tax Credit (LIHTC) program run by the Iowa Finance Authority (IFA). These owners can claim tax credits for renting some or all units to low- or moderate- income tenants at restricted rent. LIHTC rents are not based on tenant's income but instead set by the use restriction tied to the unit. Note: LIHTC owners accept Section 8 voucher tenants.
  
  To be eligible for an affordable unit in a LIHTC property, you must make no more than the income limit for that unit. LIHTC rents are not based on your income, but instead is set by the use restrictions tied to the unit.
  To get further information on LIHTC properties, contact the Iowa Finance Authority (IFA) at (800) 432-7230, or visit their website.
• USDA Rural Development Multifamily Housing
  U.S. Department of Agriculture (USDA) Rural Development (RD) Multifamily Housing programs assists rural property owners through loans, loan guarantees, and grants that enable owners to develop and rehabilitate properties for low-income, elderly, and disabled individuals and families as well as domestic farm laborers.
  To search for RD Multifamily Housing Rentals in Iowa, visit:
  Rural Development Multi-Family Housing Rentals
• Local Listings
  Visit Iowa Housing Search to Find Affordable Housing

• The Davis-Bacon and Related Acts apply to contractors and subcontractors performing on federally funded or assisted contracts in excess of $2,000 for the construction, alteration, or repair (including painting and decorating) of public buildings or public works. Find more information on Davis Bacon Labor Standards.
• Section 3 is a means by which HUD fosters local economic development, neighborhood economic improvement, and individual self-sufficiency. Section 3 is the legal basis for providing jobs for residents and awarding contracts to businesses in areas receiving certain types of HUD financial assistance. Find more information on Section 3.

• Information on HUD's Office of Multifamily Housing Programs
• For a list of Approved Lenders please visit HUD’s Office of Multifamily Housing Programs for a Multifamily Accelerated Processing (MAP) Approved Lender
• The Community Development Block Grant (CDBG) Program provides annual grants on a formula basis to states, cities, and counties to develop viable urban communities by providing decent housing and a suitable living environment, and by expanding economic opportunities, principally for low- and moderate-income persons. Learn more about the Community Development Block Grant Program
  • Call (402) 492-3145 to contact the Office of Community Planning and Development
• The Housing Trust Fund (HTF) provides grants to states to produce and preserve affordable housing for extremely low- and very low-income households. States and state-designated entities are eligible grantees for the HTF. HUD allocates HTF funds by formula annually. Learn more about the Housing Trust Fund.

HUD has rental assistance and housing resources through the Public Housing and Housing Choice Voucher programs.

Public Housing​

• Public Housing provides decent and safe rental housing for eligible low-income families, the elderly and persons with disabilities. HUD provides federal aid to local Public Housing Authorities (PHA) that manage public housing for low-income residents at rents they can afford.
• Eligibility: Public Housing is limited to low-income families and individuals. A Public Housing Authority determines eligibility based on 1) annual gross income, 2) whether you qualify as elderly, a person with disabilities or as a family, and 3) U.S. citizenship or eligible immigration status.
• To apply, contact your local Public Housing Authority in Iowa.

Housing Choice Voucher (commonly known as Section 8)

• The Housing Choice Voucher (HCV) program assists low-income families, the elderly, and the disabled to afford decent, safe and sanitary housing in the private market. Housing assistance is provided through HUD on behalf of the family or individual, so participants can find their own housing. You can use an HCV to pay for all or part of the rent.
• Eligibility: A Public Housing Authority will determine eligibility for the housing choice voucher program based on the total annual gross income and family size, U.S. citizenship and specified categories of non-citizens who have eligible immigration status.
• To apply, contact your local Public Housing Authority in Iowa. During the application process, a Public Housing Authority will collect information on family income, assets and family composition. The Public Housing Authority will use this information to determine program eligibility and the amount of the housing assistance payment.