Iowa Finance Authority (IFA) Housing Trust Fund AwardCity of Dubuque
City Council Meeting
Consent Items # 09.
Copyrighted
January 16, 2024
ITEM TITLE: Iowa Finance Authority (I FA) Housing Trust Fund Award
SUMMARY: City Manager recommending City Council accept the award from the
Iowa Finance Authority for the use of Local Housing Trust funds for
continued assistance to low-income families/people in Dubuque.
RESOLUTION Authorizing the Housing and Community Development
Director and the City Manager to Approve the Award of Local Housing
Trust Funds from the Iowa Finance Authority
SUGGESTED Suggested Disposition: Receive and File; Adopt Resolution(s)
DISPOSITION:
ATTACHMENTS:
Description Type
MVM Memo City Manager Memo
Staff Memo Staff Memo
Resolution Accepting Award
I FA Award for FY 2024 Trust Fund
Resolutions
Supporting Documentation
THE CITY
DUOF
B TEE
Masterpiece on the Mississippi
TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Iowa Finance Authority (IFA) Housing Trust Fund Award
DATE: January 10, 2024
Dubuque
All -America City
IN
2007.2012.2013
2017*2019
Housing & Community Development Director Alexis Steger is recommending City
Council accept the award from the Iowa Finance Authority for the use of Local Housing
Trust funds for continued assistance to low-income families/people in Dubuque.
The Local Housing Trust Fund allows the City of Dubuque to provide homeowner
rehabilitation and first-time homebuyer downpayment assistance to low-income
families/people. The City of Dubuque has been a recipient of Local Housing Trust
Funds for many years and funding has been utilized to revitalize the Washington
Neighborhood. The area has been expanded for the next year to include many other
areas in the Bee Branch Watershed. This will allow the City to focus on more areas of
the city with the funding.
A match is required for the program and is provided by the Greater Downtown TIF as
budgeted in the FY 2024 budget by the City Council.
I concur with the recommendation and respectfully request Mayor and City Council
approval.
v
Micliael C. Van Milligen
MCVM:sv
Attachment
CC' Crenna Brumwell, City Attorney
Cori Burbach, Assistant City Manager
Alexis Steger, Housing & Community Development Director
THE C
DUUB---*--TE
Masterpiece on the Mississippi
TO: Michael C. Van Milligen, City Manager
FROM: Alexis M. Steger, Housing & Community Development Director
DATE: January 9, 2024
RE: Iowa Finance Authority (IFA) Housing Trust Fund Award
Introduction
Dubuque
*AmrW City
Il
2007-2012-2013
2017*2019
The purpose of this memorandum is to request the City Council accept the award from
the Iowa Finance Authority (IFA) for the administration of the Local Housing Trust Fund
for the City of Dubuque.
Background
The Local Housing Trust Fund program provides housing rehabilitation loans and first-
time homebuyer downpayment assistance to low-income people in specific areas of the
city. Funding becomes available once a year through the Iowa Finance Authority.
Discussion
The Local Housing Trust Fund allows the City of Dubuque to provide homeowner
rehabilitation and first-time homebuyer downpayment assistance to low-income
families/people. The City of Dubuque has been a recipient of Local Housing Trust
Funds for many years and funding has been utilized to revitalize the Washington
Neighborhood. The area has been expanded for the next year to include many other
areas in the Bee Branch Watershed. This will allow the City to focus on more areas of
the city with the funding.
A match is required for the program and is provided by the Greater Downtown TIF as
budgeted in the FY 2024 budget by the City Council.
Recommendation
I respectfully request City Council accept the award from the Iowa Finance Authority for
the use of Local Housing Trust funds for continued assistance to low-income
families/people in Dubuque.
Prepared by Alexis Steger, Housing & Community Devel., 350 W. 6m St., Suite 312, (563) 690-6072
Return to Adrienne N. Breitfelder, City Clerk, 50 W. 13th St., Dubuque, IA 52001, (563) 589-4100
RESOLUTION NO. 7 - 24
RESOLUTION AUTHORIZING THE HOUSING AND COMMUNITY DEVELOPMENT
DIRECTOR AND THE CITY MANAGER TO APPROVE THE AWARD OF LOCAL
HOUSING TRUST FUNDS FROM THE IIOWA FINANCE AUTHORITY
Whereas, the City of Dubuque administers a Local Housing Trust Fund; and
Whereas, the City of Dubuque proposes to continue administering the Local
Housing Trust Fund and accept the award of funds from the Iowa Finance Authority for
Local Housing Trust Fund for their Fiscal Year 2024.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF DUBUQUE, IOWA, THAT:
Section 1. That the Housing and Community Development Director and the City
Manager are hereby authorized to accept the award of Local Housing Trust Funds from
the Iowa Finance Authority.
Section 2. That the Housing and Community Development Director is hereby
authorized and directed to accept and submit the standard executed contract to the
respective agencies in a timely fashion and as required by the Iowa Finance Authority.
Passed, approved and adopted this 16th day of January 2024.
Attest:
Adrienne Breitfelder, City Clerk
RESOLUTION
HI 23-22
WHEREAS, the Iowa Finance Authority (the "Authority"), in accordance with the statutory
directives set forth in Chapter 16 of the Code of Iowa, as amended, works to expand, protect and
preserve affordable housing for low- and moderate -income families in the State of Iowa; and
WHEREAS, pursuant to Iowa Code section 16.181, a housing trust fund has been created
within the Authority (the "Trust Fund"); and
WHEREAS, the Authority has adopted an allocation plan for the Local Housing Trust Fund
(LHTF) Program Dated September 2021 under the Trust Fund (the "Allocation Plan"); and
WHEREAS, the Allocation Plan establishes a LHTF program and provides for criteria for grants
for the program; and
WHEREAS, pursuant to Iowa Code section 16.181 and the terms of the Allocation Plan,
applications were received for the fiscal year 2023 round of the LHTF program; and
WHEREAS, Authority staff has reviewed the applications referenced in Exhibit A pursuant to
the criteria set forth in the Allocation Plan and recommends the Board award funds under the
Allocation Plan as set forth on the attached Exhibit A.
NOW, THEREFORE, BE IT RESOLVED by the Board of the Iowa Finance Authority as follows:
SECTION 1. Pursuant to the Allocation Plan, the Board hereby awards grants under the LHTF
program for the fiscal year 2024 round to the recipients and in the amounts listed on Exhibit A,
subject to the contingencies specified, as applicable.
SECTION 2. The Board hereby authorizes Authority staff to prepare grant award agreements for
the recipients consistent with this resolution and with the Allocation Plan.
PASSED AND APPROVED this 6t" day of December, 2023.
Michel Nelson, Board Chairman
ATTEST:
-Deborah Durham, Secretary
EXHIBIT A
State Housing Trust Fund
Local Housing Trust Fund (LHTF) Program
Proposed Grant Awards for FY 2024
24-LHTF-01
City of Dubuque Housing Trust Fund
City of Dubuque
$231,167.00
1
24-LHTF-02
Northwest Iowa Regional Housing Trust Fund,
Buena Vista, Clay, Dickinson, Emmet, Lyon,
$501,080.00
1
Inc.
O'Brien, Osceola, Palo Alto and Sioux Counties
24-LHTF-03
Housing Fund for Linn County
Linn County
$580,473.00
1
24-LHTF-04
Eastern Iowa Regional Housing Corporation
Cedar, Clinton, Delaware, Dubuque, (excluding the
$501,190.00
1
Housing Trust Fund
City of Dubuque) and Jackson Counties
24-LHTF-05
NIACOG Housing Trust Fund
Cerro Gordo, Floyd, Franklin, Hancock, Kossuth,
$468,895.00
1
Mitchell, Winnebago and Worth Counties
24-LHTF-06
Sioux City Housing Trust Fund, Inc.
City of Sioux City
$276,895.00
N/A
24-LHTF-07
Housing Trust Fund of Johnson County
Johnson County
$444,945.00
N/A
24-LHTF-08
Central Iowa Housing Trust Fund
Boone, Jasper, Marion and Warren Counties
$516,604.00
1
24-LHTF-09
Story County Housing Trust
Story County
$349,890.00
1
24-LHTF-10
Council of Governments Housing, Inc.
Audubon, Carroll, Crawford, Greene, Guthrie and
$379,792.00
1
Sac Counties
24-LHTF-11
Northeast Iowa Regional Housing Trust Fund
Allamakee, Clayton, Fayette, Howard and
$393,766.00
N/A
Winneshiek Counties
24-LHTF-12
Southwest Iowa Housing Trust Fund
Cass, Fremont, Harrison, Mills, Montgomery, Page
$404,149.00
1
and Shelby Counties
24-LHTF-13
Heart of Iowa Regional Housing Trust Fund
Calhoun, Hamilton, Humboldt, Pocahontas,
$413,770.00
1
Webster and Wright Counties
24-LHTF-14
Pottawattamie County Housing Trust Fund
Pottawattamie County
$341,367.00
1
24-LHTF-15
Waterloo Housing Trust Fund
City of Waterloo
$244,550.00
1
24-LHTF-16
Region 6 Housing Trust Fund, Inc.
Hardin, Marshall, Poweshiek and Tama Counties
$415,865.00
1
Black Hawk (excluding the cities of Waterloo and
24-LHTF-17
Iowa Northland Regional Housing Council LHTF
Cedar Falls), Bremer, Buchanan, Butler, Chickasaw
$441,354.00
1
and Grundy Counties
24-LHTF-18
AHEAD Regional Housing Trust Fund
Davis, Jefferson, Keokuk, Mahaska, Van Buren and
$427,863.00
N/A
Wapello Counties
24-LHTF-19
24-LHTF-20
24-LHTF-21
24-LHTF-22
24-LHTF-23
24-LHTF-24
24-LHTF-25
EXHIBIT A
State Housing Trust Fund
Local Housing Trust Fund (LHTF) Program
Proposed Grant Awards for FY 2024
RECIPIENT (LHTF) L- ' AREA SERVED
Southern Iowa COG Housing Trust Fund Adair, Adams, Clarke, Decatur, Madison, Ringgold,
Taylor and Union Counties
Polk County Housing Trust Fund
East Central Iowa Housing Trust Fund
Chariton Valley Regional Housing Trust Fund
Scott County Housing Council
Dallas County Local Housing Trust Fund, Inc.
Western Iowa Community Improvement
Regional Housing Trust Fund
Polk County
Benton, Iowa, Jones and Washington Counties
Appanoose, Lucas, Monroe and Wayne Counties
Muscatine and Scott Counties
Dallas County
Cherokee, Ida, Monona, Plymouth and Woodbury
(excluding the city of Sioux City) Counties
$372,217.00
$1,039,152.00
$403,034.00
$316,848.00
$634,832.00
$351,887.00
$381,698.00
N/A
24-LHTF-26 Great River Housing, Inc. Des Moines, Henry, Lee and Louisa Counties $435,122.00 1
TOTAL FY 2024 LHTF PROGRAM FUNDING RECOMMENDATIONS $11,268,405.00
*Pursuant to Section 1.8.2 of the Allocation Plan for the LHTF Program (the Administrative Rules), LHTFs with multiple open grant agreements may be
subject to the following remedies:
(1) LHTF Program funds awarded in a subsequent fiscal year shall not be disbursed until the earliest fiscal year grant agreement has been closed out. If
applicable, this remedy shall be implemented, subject to Board approval, as a contingency to the new LHTF Program award.
(2) If the earliest fiscal year grant agreement has not been closed out during a subsequent fiscal year following IFA's determination to apply remedy (1)
above, the Grantee may be declared ineligible for funding, subject to Board approval, in the LHTF Program allocation round. IFA shall notify the LHTF of a
declaration of ineligibility for future LHTF Program awards prior to the established application submission deadline and may set forth certain conditions