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Iowa Finance Authority Approves Credits for 15 Developments

Thursday, August 9, 2001 - 1:45AM

The Iowa Finance Authority on August 1 approved $44.4 million in tax credits for 15 projects in 11 communities. The projects are expected to provide 516 affordable rental units for families, the elderly and special needs populations. Forty-four for-profit and not-for-profit developers had requested more than $119 million in tax credits. In conjunction with the awarding of tax credits, the Iowa Department of Economic Development approved $5.1 million in federal HOME funds for nine of the successful applicants.

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