Housing Trust Fund Money at Work

(Above) The Housing Fellowship, a nonprofit developer, is building six affordable rental duplexes in Iowa City. Trust Fund money is one source of construction financing for the project.







(Above) Iowa Valley Habitat for Humanity has completed three homes with assistance from the Trust Fund.



(Above) The high cost of land is a significant barrier to the development of affordable housing. In a "community land trust" program, a homeowner buys a home but ownership of the land is retained by another entity. Trust fund money will assist with the construction/purchase of two land trust homes by the Housing Fellowship. Pictured above is one of the homes which was recently completed and sold.

(Above) BEFORE - In April, 2006, tornadoes caused extensive damage in the Iowa City area. Trust Fund money helped the Housing Fellowship cover the costs of rehabilitating the duplex pictured above and below. In addition, the Trust Fund made a contribution to the United Way's disaster response fund. The Trust Fund's donation was used to help low income residents with housing related expenses incurred as a result of the tornadoes.