7600 Commerce Park, Dubuque, IA 52002
563-556-4166

Housing Trust Fund

Eastern Iowa Regional Housing Corporation Housing Trust Fund (EIRHC HTF)

In 2014, EIRHC applied to the State of Iowa to be a Housing Trust Fund (HTF) designee. In accordance with Iowa Code Section 16.181, a Housing Trust Fund is held within the Iowa Finance Authority (IFA). The intended use of the funds is for development and preservation of affordable housing for households with low income in the State of Iowa. 

Mission:

The mission of the EIRHC Housing Trust Fund is to assist in the provision of providing decent, safe and affordable housing, as well as providing access to the resources for creating housing opportunities to the families served in eastern Iowa. The emphasis is to provide economic assistance to benefit the -moderate, very low, and extremely low-income residents of Dubuque, Delaware, Jackson, Cedar and Clinton Counties for a variety of housing needs.

Eligible Entities:

The Eastern Iowa Regional Housing Corporation Local Housing Trust Fund will assist individuals, community organizations, non-profit and for-profit developers in development, rehabilitation and repair projects that improve the condition of both rental and owner occupied affordable housing in our area.

Projects and activities funded must serve area households with incomes less than 80% of the statewide Median Family Income (MFI). At least 30% of the distributions will be used to benefit extremely low income households (households with less than 30% of the statewide median family income).

Housing Trust Fund Income Limits
2024
Income Limits
            Updated:  April 1, 2024
Household Size 1 2 3 4 5 6 7 8
Cedar County                
ELI - 30% 21,000 24,000 27,000 31,200 36,580 41,960 47,340 52,720
VLI - 50% 35,000 40,000 45,000 49,950 53,950 57,950 61,950 65,950
LI - 80% 55,950 63,950 71,950 79,900 86,300 92,700 99,100 105,500
100% 70,000 80,000 90,000 99,900 107,900 115,900 123,900 131,900
Clinton County                
ELI - 30% 18,200 20,800 25,820 31,200 36,580 41,960 47,340 52,720
VLI - 50% 30,350 34,700 39,050 43,350 46,850 50,300 53,800 57,250
LI - 80% 48,550 55,500 62,450 69,350 74,900 80,450 86,000 91,550
100% 60,700 69,400 78,100 86,700 93,700 100,600 107,600 114,500
Delaware County                
ELI - 30% 20,200 23,100 26,000 31,200 36,580 41,960 47,340 52,720
VLI - 50% 33,700 38,500 43,300 48,100 51,950 55,800 59,650 63,500
LI - 80% 53,900 61,600 69,300 76,950 83,150 89,300 95,450 101,600
100% 67,400 77,000 86,600 96,200 103,900 111,600 119,300 127,000
Dubuque County                
ELI - 30% 21,400 24,450 27,500 31,200 36,580 41,960 47,340 52,720
VLI - 50% 35,650 40,750 45,850 50,900 55,000 59,050 63,150 67,200
LI - 80% 57,050 65,200 73,350 81,450 88,000 94,500 101,000 107,550
100% 71,300 81,500 91,700 101,800 110,000 118,100 126,300 134,400
Jackson County                
ELI - 30% 19,100 21,800 25,820 31,200 36,580 41,960 47,340 52,720
VLI - 50% 31,850 36,400 40,950 45,450 49,100 52,750 56,400 60,000
LI - 80% 50,900 58,200 65,450 72,700 78,550 84,350 90,150 96,000
100% 63,700 72,800 81,900 90,900 98,200 105,500 112,800 120,000


Eligible Projects:

Eligible properties include both owner occupied and rental units in the five (5) county region served.

  • Owner occupied requirements: Applicant must occupy the property and maintain the improvements for the life of the loan. Property must be in compliance with health and safety codes. Applicant must have title to the home at the time of application. Taxes and insurance must be current.
  • Rental requirements: Units must be rented to households with incomes not more than 80% of the statewide MFI. All dwelling units must rent at or below the County Fair Market Rent, as determined by HUD throughout the life of the loan. Borrower must provide 25% in match funds for the amount of the program loan, with a $25,000 max per unit. Units must, at the completion of project, meet Section 8 HCV Housing Quality Standards and be in compliance with all applicable local health and safety codes. Taxes and insurance must be current.

Eligible projects include rehabs and repairs of existing housing, including, but not limited to: plumbing, electrical, roofing, structural, energy efficiency, lead based paint issues and handicap accessibility.

Agency, City or Developer Application

Individual Down Payment Assistance Application

Individual Owner-Occupied Rehab Application

Click here for informational brochure

EIRHC HTF Housing Assistance Plan FY 25

EIRHC HTF Annual Report FY 24

How to Apply?

Applications can be obtained by contacting the Home Ownership / Housing Development Specialists at:

7600 Commerce Park
Dubuque, IA 52002
563-690-5732 or
800-942-4648 ext. 215