Prairie Meadows/PCHTF Down Payment Assistance Program
As of May 5, 2020, all funds have been reserved!
Last year, PCHTF was awarded a Prairie Meadows Legacy Grant to set up a new Down Payment Assistance Program.
This innovative program was created in response to the Downtown Workforce Housing Study, released in the summer of 2019. The study found that Polk County will need to add 57,170 net new housing units between 2018 and 2038 to accommodate net new workers in the region. Furthermore, the study found that almost 40,000 of these households will be making less than $75,000 per year. In light of these findings, it is apparent that the demand for affordable single-family housing will be increasing heavily over the next twenty years. This program is the first step in ensuring that our incoming workforce has access to such housing.
To help increase production of homes affordable to our incoming workforce, Prairie Meadows and Polk County Housing Trust Fund announced a down payment assistance program for income-qualified households purchasing new construction in the form of a 10- year pro-rata forgivable loan.
We are proud to announce that as of May 5th, 2020 all funds in this program have been reserved. Thank you Prairie Meadows for recognizing the importance of housing affordability,, and congratulations to our new homeowners!