The Iowa Finance Authority (IFA) Board of Directors awarded more than $11.3 million in federal housing tax credits to support the construction and rehabilitation of 338 affordable rental homes across nine Iowa communities.
The awards will support rental housing developments in Council Bluffs, Des Moines, Greenfield, Ottumwa, Perry, Sioux City, Story City, Urbandale, and Washington.
IFA received 16 applications requesting more than $21 million in housing tax credits during the 2026 tax credit round, with approximately $11.5 million available to allocate. Because the credits are awarded annually for a 10-year period, today’s awards represent nearly $113 million in total federal tax credit investment.
In addition to the housing tax credit awards, the projects received a total of $1 million in federal HOME program funds.
The full list of awards can be found at this link