Funding to build & improve housing and services
The Polk County Housing Trust Fund allocates funds to organizations working to increase the supply and quality of affordable housing in Polk County, Iowa.
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Here you can find information about funds for housing development as well as programs and supportive services for people who need housing.
Please note these funds are not available for individuals. If you are an individual who needs help with your housing, see our community resource page.
Housing Development
2024 Housing Allocation Plan
Funds for most of our programs are allocated according to our housing allocation plan. You can download the plan here.
You will also want to download the 2023 guide to rents and household incomes that apply under our development programs.
Last updated by HUD on May 15, 2023. Updates typically occur in April.
Development funding programs
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Pre-development technical assistance
Supports affordable housing, planning, and facilitates organizations that sponsor such housing. This application remains open until funds are expended for the year.
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Capital needs improvements
Supports programs to improve currently available rental units.
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Capacity building
Supports programs that preserve or preserve units. The application for this program opened Monday, August 7, 2023. The deadline to apply was noon central time on August 29, 2023.
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New rental development
This program supports and funds additional safe, well-built, affordable rental housing units in Polk County, Iowa.
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Single family homeownership
This program assists low-moderate income residents in buying safe, well built, affordable single family housing units in Polk County.
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Owner occupied repair
For nonprofits and local governments to sustain affordability and vitality while maintaining safe and environmentally healthy housing stock. The application for this program opened on Wednesday, September 27. The deadline to apply is 3 pm central time on October 25, 2023.
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Use this link to submit your application online: https://PCHTF.formstack.com/forms/fy2024_owner_occupied_repair
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The application requires you to submit certain information using Worksheet A. Click here to download Worksheet A.
2022 American Rescue Plan Act (ARPA) Special Allocation
On April 5, 2022, the Polk County Board of Supervisors approved a package of housing investments using federal American Rescue Plan Act (ARPA) funds including $12 million in capital funds to develop and improve multifamily housing.
This program supports the acquisition, conversion and/or construction of permanent multi-family housing with an emphasis on supportive housing for underserved populations (homeless, re-entry, senior, households with children). Supportive housing services should target lifestyle intervention with options for education and workforce training.
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PCHTF is currently evaluating round 3 applications for this funding opportunity. The cutoff to submit for review of these applications was 11:59 pm on January 10, 2023.
Applicants to this program will also need to download and use our excel budget template to submit your application.
Recent funding announcements from this program
Program & Supportive Services Funds
The purpose of this program is to bridge the gap between affordable housing and families in our community by funding programs and services that improve resident stability and self-sufficiency and lead to successful housing outcomes.
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The application for this program was open until March 28, 2023 at noon.
The funds distributed through this program come from private gifts made by businesses, organizations, and individuals through our Stable, Steady Strong investment campaign.