USA: Iowa: Iowa City
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Grants to Iowa nonprofit and for-profit organizations, public agencies, and community housing development organizations in eligible areas for community development projects to benefit low- to moderate-income residents. Eligible activities include property acquisition, preservation and rehabilitation, construction of public facilities, infrastructure improvements, and Tenant Based Rental Assistance (TBRA). Projects should benefit residents of Iowa City.
The Community Development Block Grant (CDBG) and HOME Investment Partnerships (HOME) programs help develop viable urban communities through projects that principally benefit low- and moderate-income persons, including public facility, affordable housing, and other eligible activities listed in the Applicant Guide.
All proposals must benefit low-moderate income individuals. The specific ways that a project must accomplish the program’ s purpose ( also called a National Objective) varies by program.
CDBG Funds. At least 51% of those befitting from the program ( persons or households) must have incomes at or below 80% of the area median income ( AMI) based on household size. For programs that benefit individual households, all households must earn less than 80% of the median household income.
HOME Funds. All activities undertaken with HOME funds must benefit households below 80% AMI, and nearly all assisted units must be targeted to households below 60% AMI.
For Eligible Activities, see page 3 of the FY24 CDBG HOME Applicant Guide in Supporting Documents below.
First consideration for funding will go to housing (not including Community Housing Development Organizations [CHDO] operating expenses or set aside) and public facility projects of $50,000 or more. Top ranking applications will be considered first.
Additional Geographic Information:Affordable Housing Heat Map: https://www.iowa-city.org/WebLink/DocView.aspx?id=2106837&dbid=0&repo=CityofIowaCity
Estimated Total Program Funding:
Estimated Size of Grant:
Funds become available for use on July 1, 2023. Reimbursements can be made after the contract has been formalized. Expenses incurred before July 1, 2023 or before a contract has been entered may not be reimbursable and may jeopardize all the CDBG/HOME funds awarded to the project.