AHEAD Regional Housing Trust Fund

The mission of the AHEAD Regional Housing Trust Fund (RHFT) is to promote and preservation of affordable housing for low-to-moderate income households in Davis, Jeffeson, Keokuk, Mahaska, Van Buren and Wapello counties.


ELIGIBILITY REQUIREMENTS
2012 funding requires projects to be in the rural area of one of the 6 counties, or in one of the  following jurisdictions: 
 
      Agency Cantril Floris Leighton Ottumwa Sigourney
      Barnes City Delta Fremont Libertyville Packwood Stockport  
      Batavia Drakesville Harper Lockridge Pleasant Plain University Park  
      Beacon Eddyville Hayesville Milton Pulaski What Cheer  
      Birmingham Eldon Hedrick New Sharon Richland    
      Bloomfield Fairfield Keosauqua Ollie Rose Hill  
      Bonaparte Farmington Keota Oskaloosa Maharishi Vedic City  
            *Communities not listed above are invited to join the AHEAD Regional Housing Trust Fund for 2014 funding.

INCOME LIMITS
Projects must serve households at or below 80% of either the Median Family Income (MFI) as determined by the Iowa Finance Authority (IFA) or at or below 80% Mortgage Rate Based (MRB) from the US Department of Housing and Urban Development (HUD). See Income Requirements link on right. ⇒

AVAILABLE PROGRAMS
Projects must retain and improve the structural integrity of the housing unit.
     

Owner-Occupied Rehabilitation
Owner-Occupied URGENT Repair
       Up to $7,500 per home       Up to $6,000 per housing unit
       0%,1%,2% & deferred loans       0%,1%,2% & deferred loans
       Matching funds may be required       Matching funds may be required
     

 Special Projects

  • Case-by-case funding
  • Loans or Grants
  • May require matching funds
  • Available to Cities and Counties
Rental Housing Repair
  • Up to $6,000 per unit
  • Max. $24,000 per development
  • Low interest (2%) loans
  • Requires 1-to-1 matching funds
New Contruction
  • Up to $6,000 per housing unit
  • Max. $24,000 per development
  • Low interest loans
  • Matching funds are required