DES MOINES, Iowa (KCRG) – The Board of Administrators on the Iowa Finance Authority awarded a close to complete of $10 million {dollars} in federal housing tax credit to help the development of 385 reasonably priced rental houses in Iowa.

11 communities had been awarded the funds, together with Adel, Audubon, Bondurant, Boone, Carroll, Cedar Rapids, Davenport, Grinnell, Hiawatha, Ottumwa, and Winterset.

“Housing is foundational to the financial mobility of Iowans and the energy of our communities,” stated Iowa Finance Authority Govt Director Debi Durham. “The tax credit score awards introduced immediately will present lots of of Iowa households and seniors with houses by which they’ll thrive in city and rural communities all all through the state.”

The totals awarded to every group are dedicated yearly for a 10-year interval.

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