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Intent to Apply for Local Housing Trust Funds through Iowa Finance Authority for 2026City of Dubuque City Council CONSENT ITEMS # 5. Copyrighted September 2, 2025 ITEM TITLE: Intent to Apply for Local Housing Trust Funds through Iowa Finance Authority for 2026 SUMMARY: City Attorney recommending City Council approval to apply for Local Housing Trust Fund dollars in the amount of $253,317.00 from the Iowa Finance Authority for calendar year 2026. RESOLUTION Authorizing Submittal Of The Application For Local Housing Trust Funds To The Iowa Finance Authority SUGGUESTED Receive and File; Adopt Resolution(s) DISPOSITION: ATTACHMENTS: 1. CB Memo 2. Intent to Apply Local Housing Trust Fund 2026 - Memo 3. Intent to Apply LHTF 2026 - Resolution Page 67 of 629 THE CITY OF DUBE Masterpiece on the Mississippi TO: The Honorable Mayor and City Council Members FROM: Crenna Brumwell, City Attorney SUBJECT: Intent to apply for Local Housing Trust Fund 2026 DATE: August 28, 2025 Dubuque AI WIN av 2007-2012.2013 2017*2019 Interim Housing & Community Development Director Sandi Fowler is recommending City Council approval to apply for Local Housing Trust Fund dollars in the amount of $253,317.00 from the Iowa Finance Authority for calendar year 2026. A 25% local match is required and will come from Greater Downtown TIF. The Local Housing Trust Fund Advisory Committee will hold a Public Hearing for the application on Wednesday, September 10, 2025, and such application is pending approval by the Committee for submittal. I concur with the recommendation and respectfully request Mayor and City Council approval. CB:sv Attachment cc: Cori Burbach, Assistant City Manager Sandi Fowler, Interim Housing & Community Development Director Maddy Haverland, Urban Development & Housing Rehabilitation Project Manager Jennifer Larson, Chief Financial Officer Nathan Kelleher, Budget/Financial Analyst Page 68 of 629 THE COF Dubuque D!U�B E2007--2013 IFA�k10q ' Masterpiece on the Mississippi �pp i 2017017w2019019 TO: Crenna Brumwell, City Attorney FROM: Sandi Fowler, Interim Housing & Community Development Dept Director SUBJECT: Intent to apply for Local Housing Trust Fund 2026 DATE: August 26, 2025 INTRODUCTION The purpose of this memorandum is to request approval to apply for Local Housing Trust Fund dollars through the Iowa Finance Authority for calendar year 2026. DISCUSSION The City of Dubuque's Local Housing Trust Fund is an entitlement community through Iowa Finance Authority's State Housing Trust Fund allocation. This funding is calculated on a formula that includes an allocation based on the population of the area served and requires a 25% local match, funded through Greater Downtown TIF. Anticipated Amount: $253,317.00 Match Required: Yes Match Funding Source: Greater Downtown TIF Match Amount: $63,330.00 Application Due Date: October 1, 2025 Anticipated Notification Date: December 12, 2025 Anticipated Receipt of money: January 1, 2026 Departments Involved: Housing and Community Development GRANT OBJECTIVE The goal of the Local Housing Trust Fund is to increase access to and quality of affordable housing in the Dubuque Community. This is entitlement funding from the State Housing Trust Fund to our Local Housing Trust Fund for calendar year 2026. This funds homeowner rehabilitation, housing stabilization, and new housing creation within the city limits of Dubuque. CITY COUNCIL GOAL ADDRESSED Council Goal: Livable Neighborhoods and Housing: Great Places to Live Outcome(s) Have safe, healthy, inclusive neighborhoods citywide Value(s) Protection of home and property values Page 69 of 629 RECCOMENDATION I am requesting approval to apply for Dubuque's 2026 allocation of Local Housing Trust Fund dollars for calendar year 2026. CC: Jennifer Larson, Chief Financial Officer Nathan Kelleher, Budget/Financial Analyst Prepared by Maddy Haverland, Urban Development & Housing Rehabilitation Project Manager Page 70 of 629 Prepared by Maddy Haverland Housinq & Community Devel 350 W. 6'h St Suite 312 Telephone: (563) 690-6072 Return to Adrienne N. Breitfelder, City Clerk, 50 W. 1311 St., Dubuque, IA 52001, (563) 589-4100 RESOLUTION NO. 280 - 25 RESOLUTION AUTHORIZING SUBMITTAL OF THE APPLICATION FOR LOCAL HOUSING TRUST FUNDS TO THE IOWA 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, to apply for funds from the Iowa Finance Authority for Local Housing Trust Fund for their Fiscal Year 2026; and Whereas, the Local Housing Trust Fund Advisory Committee will hold a public hearing for the application on September 10, 2025, and such application is pending approval by the Committee for submittal. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA, THAT: Section 1. That the Local Housing Trust Fund Advisory Committee Chair and the City Attorney are hereby authorized to submit the application for Local Housing Trust Funds to the Iowa Finance Authority. Passed, approved and adopted this 2nd day of September 2025. Attest: �7 , Adrienne Breitfelder, City Clerk Brad,M!��agh, Mayor