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Office of the Governor- Iowa Finance Authority Board of Director Appointment_Van Milligen Copyrighted March 18, 2019 City of Dubuque Consent Items # 23. ITEM TITLE: Office of the Governor- lowa Finance Authority Board of Directors SUMMARY: Correspondence from Governor Kim Reynolds advising that City Manager Michael Van Milligen has been appointed as a member of the lowa Finance Authority Board of Directors from May 1, 2019 to April 30, 2025. SUGGESTED DISPOSITION: Suggested Disposition: Receive and File ATTACHMENTS: Description Type Office of the Governor Correspondence Supporting Documentation , —"''_'"`�-.,.. - c� ` ` , � �=z, � �� _ �- �:�4 — � , _ �_�:�:,��:� � � .�'�'_"� d �� ICIM REYNOLDS ��E �� E�� ADAM GREGG GOVERNOR LT GOVERNOR � n?i�5/2��9 � � �, Mr. Michaef Van Mi�ligen � � 807 Lacey Couri Dubuque, lA 52001 Dear Mr. Michae! Van Milliger�, It is a pfeasur� io inform you of your appointment as a member of the lowa � Finance Authority Board of �irectors. Yaur term v�lill begin 05/01/2Q19 and enc! 04/3012025. ; I„ �his app�intm�nt requires canfirmation by the_�enate. As an appoinfiee, you 'i; may be asked to go b�f�re tF�e Senate for an introduction. Heari�gs aiso may be ��I held. Pfeas� caoperate wi�h fhem during these proceedings. You wi(I receive a h' ques�io�naire fr�m the Secretary af the Senate's office. Pl�ase compiete and h return this questiannaire as soon as possible to the Secretary of the Senate. i Your appointment ��ril! not be c�niirmed by the Senate without the com�letion of this paper�Jork. Many�board and commission members are required to f�le annual personal financia[ disclosure statem�n�s with the Ethics Board pursuant to lovv� Gode sec�ion 688.35. You will be contacted by the Ethics Baard if yaur appointment requires yau to fil� a personal financia! disclosure statem�ni. For more information, contact tha Ethics 8oard a# (5 i 5) 281-4028. cncfos�d are two cQpies �f an oa#h of afiice which must be executed by you in the presence of a notary pubiic and forwarded to the Secretary of State, State �'a��c! Buil�ir��, D�� "�in�s, {o�,ra, 5�3'��, �� c�ra �:� ��s;��e. I appreciate y�ur acceptar�ce af this appointment„ and f hope you Wvili find the challenge a rewarding experience. Sincerely, , �..-„ � � . �- �--- Kim Reynalds Goverc�or KKR/njb Enclos�are STATE CAPTTOL DES i�I0INE5, I04Vr1 50319 515.281.5211 FAX 515.7��.3527 41��rVW.GOVERNOR.IOtiVA.GC3V i About Us Page 1 of 1 Sen�ices Pagencies Snclai SFJI`RCH: � � GO� � ��1� �fC+��,�� ;�:��` .��I•E`� HpP�IE lMPIJRh1Ai'it7M FGR PRQ�R�i�BS '�QPiCS r�80FtT US QL3MTAGF � � . � � � , . _ , --� � � ��_ . � .� - -. - .- _ � -� fi � � ,, , �- _ `' � � : �1 � - 4 � ` ' � �� . _ - . _. _ �.� ��I _ ° ` ��. ..� � i� �� - --� - ____ , _ _ _ , ,. , y� : z ' 3 � z . _ n .� r . "£ � � � ��' .� `� � �� ' ' ' � s � ' ' � �� .� � R� ,� �-. _ �`� �� -`� - �� 8 �� -� r �..�� , -, '�� :_ �� I ,��.�. �� ° _. ��'�,s' �.-��`�- . .._ . -.� - ' ` � � .�'a�� ` :��_�'�� I� About Us �,�,�}(,��;�(�fj� The Iowa Finance Authority was estabiished in 1975 to undertake programs to assist in the attainment of housing for low-and maderate-income lowans.Since then,the lowa Finance ,II Authority's role has expanded considerably. 1 ��dP�t7��I�cEC��S The lowa Finance Authority offers a variety of programs that address a continuum of housi�g �� needs,from homeless assistance to multifamily rental to single-family homeownership. �j r cPC1R?S�#�U�L(C�LTIUP�� J In addition to offering statewide affordable housing resources,the lowa Finance Authority '� also offers a wide variery of other programs to assist in community development,including i��f,A f i�Ifi�:CE�?JTt;Ci�fl"Y the issuance of tax-exempt bonds,providing the lowest cost funds for drinking water and j p��a wastewater facilities in lowa and lowa Titie Guaranty,offering guaranteed title to real � property in lowa. � fhJVcSTi'Ic7�dTS 9'i COU;Ii`i PURPOSE: Enhance the quality of life for lowans. ��{a yp{��j�,jpyy,� CORE FOCUS: �q��c��a,��7n��°��,��r� Making affordable financing possibie for home and community. COREVALUES: '� 2L'18 hi�IJStNG�Gb�f� ��E��'r£��-� �nfegrity-Our employees,partners and customers can count on�FA to be honest and trusfworthy 2�17 HQSJSiilGi�4iy'� ��h��T�� Mission Oriented -We keep a constant focus on the lowans our programs benefit Purposeful Work Ethic -We nurture a culture of outstanding work ethic,teamwork and PtaSG�C;�,�i.CRDS A�i-�r� diligence ��,�-��-��y�i�� Accountabiiity-We accept responsibility and honor our commitments Ciustomer Service Focus-We are courteous,responsive and respectful J�"JL Or'P'`JRiiS�El7ica Trusted Resource-We are a reliable resource for lowans RvC2Uti5��rC;F2�+��PC7S.�t�S �i�lr��`tCl,'kL R�PO^n7S �eiNa P ..s .�st.cTT== �, feeL � o- r�,: i �� a,�� i5� �r s�:��au?cs� ,-.,ai,aef�P��e,E.��siE°wR � �� t, �--- _ .... _.. _ �.�yng. _a,�., 3�.aFi.ni.�:e ..�ercll�.il �n 7?sazr�.,i .r,_.�.—�_.._...� , Join http://��ncw.iowafinanceauthority.gav/Home/Abaut�.�s 3/1/2019 � Iowa Finance Authority Programs Page 1 of 4 5crvices Agenciss Social SEARCH: �� GO ��` �� r�a�e ir�Fo�r�Ax�a�a�oR ��ac�a�ns -ro��cs Aao�r us cc��vr�cr £:�.;�� +�:�F�; F - ,. _ a _ ,, � �, ,� `""� � ., , �,� _ � ��, � � � � �� - - ,, . � �. _ _ _ �.4. _ � _ _ �__ - .. _,__ __ -- ---_ . -- __.__. � }-.. - _ - =� I�, .x, •r,� � _ M�� ° � � � 9� � � � � _ _ '� R .� v- � :� �_ _.- . - � ,. H$ H� �,•Fa�r,�� -. �._._. _ : �7 � �� " �f�.� ��` ,�.-� .. _. _ � � - � � -- `c" �"_�. � _ --�� .:� -� �� a_ _ - - �-?� �� .._ �;' .� . �r��s lowa Finance AuthoriCy Progrems '"¢ SINGLE-FAMILY PROGRAMS i � � FirstHome Progrem The lowa Finance Aufhority's(IFA)FirstHame program offers quaiified first-time home buyers affordable mortgage financing with a fixed inte�est rate.The program provides the benefit of safe,fixed interest rate mortgages,paired with tfie convenie�ce of working with a local lender. FirstHome Plus Program The IFA FirstHotne Plus program offers qualified first-time home buyers affordable morfgage financing with up to$2,500 in down payment and dosing cost assisfance.The program � provides the benefit ofworking with a local lender.The grant must be used in conjunction ' wifh the FirstHome program and the same efigibility requirements appty.Grant subjecf to a � one-time use. � Homes for lowans Program ' The Homes for lowans program offers qualified home buyers with affordabie mortgage � financing.The program provides the benefit of a safe,fixed interest rate,paired with the � convenience of working with a Iocal lender. Homes for Iowans Plus Program � The Homes for lowans Pius program offers qualified home buyers affordable mortgage financing with up to$2,500 in down payment and closing cost assistance.The program peowdes the benefit of working with a local lender.The granf must be used in con�unctwn � with the FirstHome program and the same eligibility requirements apply.Grant subject to a j one-time use. Military Homeownership Assistance Program The lowa Legislature created the Military Homeownershia Assistance program in 2005 to help eligible members of the armed farces purchase qualified homes in lowa through a $5,000 down payment and closing cost assistance granf.These funds may be used in conjunction with the FirstHome and Homes for lowans programs.Grant subject to a one-time use. Mortgage Credit CeRificate Program ' The Mortqaqe Credit Certificate program assists eligible home buyers by reducing their household's federal tax liabiliry every year for the life of their mortgage.A percentage of the homeowners'mortgage interest becomes a tax credit that can be deducted dollar-for-dollar from federal income tax liability,up to a ma>dmum of$2,000 annually. �� AFEORDABLE RENTAL PRODUCTION PROGRAMS Housing Tax Credit Program The TaY Reform Ad of 1986 created an incentive for Housing Tax Credit project owners to invest in the development of renfal housing for individuals and families avith fixed or limited incomes.The tax credit provides a dollar for do�lar reduction(or creditj to offset an owners federal tax Iiability on ordinary i�come,kFA administers Housing Tax Credit allocation and comoiiance. HOME Program The HO�viE is the largest federal block gtant for state anH{ocaf govemments,designed exclusivefy to create affordable housi�g.The intent of the HOME program is to provide decent affordable housing to Iower-income households,expand the capacity of nanprofit httb://w�tnv.iowafinanceauthoritv.�ov/Public/Pa�:es/PC 159LN45 3/1/2019 Iowa Finance Authority Programs Page 2 of 4 � housing providers,strengthen the ability of state and local govemments to provide housing and leverage private sector participation. Affordable Assisted Living The lowa Affordable Assisted Livinq portal provides information,resources and a properry directory for affordable,assisted living in lowa for developers,operators and consumers. Aftercare Rent Subsidy Program The Aftercare Rent Subsidv program provides financial assista�ce for youth who are aging out of the foster care system and are participants in the AKercare Services Program.The program's goal is to teach lowa youth independence,life skills and renter rights and � �E�a�nS��rsEs. �,, N Home-and Community-Based Services Rent Subsidy Program The Home-and CommunitV-Based Service Rent Subsidv program provides temporary rental assistance for people who receive medically necessary services through Medicaid waivers, until the person becomes eiigitile for another public or private rent subsidy. Home-and Community-Based Services Revolving Loan Fund � The Home and CommuniN-Based Services Revolvinq Loan program fund assists in the development and expansion of facilities and infrestructure that provide adult day services, respite services and congregate meals for low-income individuals. ! Main Street Mortgage Loan Program A part�ership between Main Street lowa,IFA and the Federal Home Loan Bank of Des Moines,the Main Street Mortqaqe Loan program provides funds to Main Street communities in lowa for communiry development projects. Multifamily Housing Loan Program I� The IFA Multifamilv Housinq Loan program seeks to preserve the existing supply of � affordable rental units and to foster the production of new affordable units in lowa II State Housing Trust Fund � The State Housinq Trust Fund(SHTF)helps ensure decent,safe and affordable housing for I lowans through two programs.The Local Housing Trust Fund Program and the Project- i Based Housing Program aid in the development and rehabilitation of affordable housing ii throughout the state.IFA administers both programs and provides technical assistance to j housing-related organizations. � National Housing Trust Fund j The National Housinq Trust Fund(NHTF)is a new affordable housing production program that will complement existing Federal,State,and local effoRs to increase and preserve the � supply of decent,safe,and sanitary affordable housing for extremely low-income,including homeless families. Please note the National Housing Trust Fund is a new federal funding source allocated by HUD,similar to the NOME program,and is separete from lowa's State Housing Trust Fund programs. � Workforce Housing Loan Program � The Workforce Housinq Loan Proqram provides financial assistance in the Form of a �epaya6le loan to cities and counties that demonstrate a need for additional workforce rental � housing for lowans as a result of employment growth within the local unit of govemmenPs � jurisdictional boundaries. Only cities and counties in lowa are eligible applican[s for h Workforce Housing Loan Program assistance. j _ � 9 � HOMELESSNESS PROGRAMS Emergency Solutions Grant The Emeraencv Solutions Grant(ESG)program is a federal program of the U.S.Department of Housing and Urban Development designed to assist people to quickly regain stabiliry in permanent housing after experiencing a housing crisis and/or homelessness. Shelter Assistance Fund The Shelter Assistance Fund(SAF)is a state-funded program that supports the rehabilitation,expansipn or costs of operations of group home shelters for the homeless and damestic violence shelters. Housing Opportunities for Persons with AIDS The Housinq Opportunities for Persons with AIDS(HOPWA)is a federal program of the U.S. Department of Housing and Urban Development designed to assist persons who have been diagnosed with HN/AIDS and their families who are homeless or at-risk of homelessness. lowa Council on Homelessness The sta[e of lowa,through the lowa Council on Homelessness pCH),is committed to . ensuring that all lowans have access to safe,decent and affordable housing.The ICH and its 38 members work to identify issues,raise awareness and secure resources that will allow all homeless lowans to become seif-sufficient. '� AGRICULTURE PROGRAMS Beginning Farmer Loan Program The Beqinninq Farmer Loan Propram assists newfarmers in acquiring agricultural propeRy. Beginning Farmer Loans are financed by participating lenders or contract sellers with the http://www.iowafinanceauthority.gov/Public/Pages/PC 159LN45 3/1/2019 � Io�va Finance Authority Programs Page 3 of 4 � issuance of federal tax-exempt bonds offered by the lowa Agricultural Development Division (IADD). DNR Lease to Beginning Farmer Program The lowa Legislature created the DNR Lease to Beqinninq Farmer Propram as a way to ' provide leasing opportunities to beginning farrrters.This program is offered and administered by the lowa Department of Natural Resources(DNR). Loan Participation Program The Loan Participation Proqram was established in 1996 to assist low income farmers in securing loans and making down payments.IADD's participation can be used to supplement ; the borro�ae?s dowr.payment,thereby helping a farmer secure a!oan more rea�+i!y. � ii Beginning Farmer Tax Credit Program � The Beqinninp Farmer Tax Gredit Proqram is an incentive to keep land in production agriculture,by allowing agriculfural asset owners to earn tax credit for leasing their land to beginning farmers.The program includes tax credit for the leasing of agricultural land, depreciable machinery or equipment,breeding livestock and buiidings. "� COMPLIANCE DIVISION � Housing Tax Credit Program � The Intemal Revenue Code requires housing credit agencies to inciude in their Housing Tax y Credit Allocation Plan a procedure to monitor all tax credit developments for compliance.IFA �� administers Housing TaY Credit allocatioo and comqliance. � I Section 8 Contract Administration Operating under a performance-based Annual Contributions Contract with the United States I� Department of Housing and Urban Development(HUD),lFA provides administrative Section 8 services to HUD to monitor performance of owners and management agents participating � in project-based Housing Assistance Payments. II � COMMUNITY DEVELOPMENT RESOURCES � Economic Development Loan Program Through its Economie Develooment Loan program,IFA issues bonds a�d loans the �� proceeds to private entities or organizations for eligible purposes.The interest on the bonds ; may be tax-exempt(if eligibie under the Intemal Revenae Code),taxable or a combination of 1 both. . � Private Activity Bond Cap Ailocation The state of lowa annually receives severa(million of volume cap(the"State Cailing")to be � allocated to ceRain Private ActiviN Bonds set forth in Section 146 of the Internal Revenue Code of 1986,as amended.Section 7C of the lowa Code distributes the State Ceiling among these types of bonds. �q � IOWA TITLE GUARANTY I; i Residential Division I IFA's lowa Title GuaranN Residential offers low-cost services to guarantee title to real property in lowa,working with attorneys and lenders throughout the staY2 to ensure the � integrity of the land titie transfer system artd to facilitate fenders sales to the secondary mortgage market. Commercial Division The lowa Legislature created lowa Title Guaranty in 1986 to provide guarantees of lowa real property titles and facilitate lenders'parficipation in the sewndary market.Whether you need title coverage,escrow services,cfosing services or construction disbursement inspections, lowa Tftle Guarantv Commercial offers the best possible lowa solution. � WATER 4UALITY DIVIStON State Revolving Fund(SRF) The State Revolvinq Fund provides the lowest cost funds for dnnking wafer and waste water facilities in lowa.Federal grants allow far low-interest loans to help communities affordably build or update clean water facilities.This saves money on cifizen's water and sewer bilis. The DepaRment of Natural Resources(DNR)and IFA jointly administer the SRF. State Revolving Fund Planning�Design�oans The Planninq and Desiqn Loa�s cover costs incurred in the planning and design phase of a proposed water infrastructure projects.These loans have zero percent interest for up to three years.Eligible costs include engineering fees,archeological surveys,environmental or geological studies and costs�elated to project plan preparation and submission.The loans may be rolled into a State Revolving Fund construction laan or can be repaid when � permanent financing is committed. State Revolving Fund Construction Loans The State Revoiving Fund Construction Loans fund the creation of public clean water and drinkinq water projecfs for cities and utilities.These loans have a low interest rate of 1.75 percenf and a term of up to 30 years. State Revoiving Fund Livestock Water Quality Program The Livestock Water Qualitv program(LWQ)offers low-interest loans through participating lenders to lowa livestock producers for projects to prevent,minimize or eliminate non-point http://�vw�v.io�vafinanceaiithority.gov/Public/Pages/PC159LN45 3/1/2019 � Iowa Finance Authority Programs Page 4 of 4 source pollution of lowa's rivers and streams from animal feeding operations with less than 1,000 total animal unit capacity(AUC). i State Revolving Fund Local Water Protection Program � The Local Water Protection program offers low-interest loans through participating lenders to � lowa landowners for projects to control the run-off of sediment,nutrients,pesticides or other � non-point source pollutants from entering lowa waters. '� State Revolving Fund Onsite WastewaterAssistance Program The Onsite Wastewater Assistance program(OSWAP)offers low-interest loans through participating lenders to rural homeowners for the replacement of inadequate or failing septic systems.The program is limited to owners of existing homes(not new construction)in unincorporated areas of lowa not served by a public sewer. State Revolving Fund Storm Water Loan Progrem �� The Storm Water Loan program offers low-interest loans through participating lenders for � projects to control storm water run-off.These loans offer incentives for developers, � landowners,watershed organizations and others for installing infiltration-based storm water quality practices. State Revolving Fund General Non-Point Source Program �� The General Non-Point Source program offers landowners affordable financing for a variety II� of water qualiry projects,including:landfiil closure,remediation of storage tanks,restoration of wildlife ha6itat,stream bank stabilization and wetland flood prevention areas. ;�� . ��{�7 H6h1E�!� CR.MATIphI F3R�?ROGP,S-i5�TO?IC �A CUT i iS�CCPiTP.CT�^rpLICIkS�SITEMAP � CI�I O P.�'—NE''-N''t5-74E�E? � ... . "� -�Cou/'ipht Iri97-20`�iovi7=mar_Authniih{!All Riyhls .sae-�red �,„� I Joln �I� � li� i I 9 � l� !I 'I i, II i � http://wwtiv.iotivafinanceauthority.gov/Public/Pages/PC 15 9LN45 3/1/2019