HFfLC Funding Summary

The HFfLC periodically makes funding available through a competitive Request for Proposals (RFP) process to assist affordable housing projects within Linn County. At least 30% of awarded funding must be dedicated to assist extremely low-income households. Generally, funds distributed in the form of zero or low-interest loans will return to HFfLC to be redistributed in the community (70% as an objective); principally to benefit extremely low-income households.

The HFfLC has been successful in securing financial resources to assist affordable housing projects proposed within Linn County. Following is a summary of contributing supporters and previous housing assistance awards provided.

Contributors:

AEGON Transamerica Foundation
Bankers Trust
Bradley & Riley, PC
Bridge Community Bank
Cedar Rapids Bank & Trust
City of Cedar Rapids
Collins Community Credit Union
East Central Iowa Council of Governments (ECICOG)
Farmers State Bank
Federal Home Loan Bank of Des Moines
Greater Cedar Rapids Community Foundation
Guaranty Bank and Trust
Hills Bank & Trust
Linn Area Credit Union
Linn County, Iowa
Mount Vernon Bank & Trust
Rockwell Collins
US Bank
Wells Fargo

The generosity and support of the above organizations has allowed the HFfLC to leverage additional funds from the Iowa Finance Authority (IFA). More specifically, the HFfLC has received over $710,000 from IFA in just three years.

Funding Awards Provided by the HFfLC:

2008
Four Oaks, $10,000
Helping Hands Ministeries, $32,500
Irving Point, $32,500
Linn County, $68,556
Waypoint Servies, $1,507
Provided housing rehabilitation assistance in cooperation with the Federal Home Loan Bank of Des Moines totaling $5,000.

2009
Aging Services, $20,000
Cedar Valley Habitat for Humanity, $54,000
Helping Hands Ministries, $70,000
Troy Mills Housing Development Corp, $75,153
Waypoint Services, $18,493
Willis Dady Emergency Shelter, $18,000
Provided housing rehabilitation assistance in cooperation with the Federal Home Loan Bank of Des Moines totaling $15,000.

2010
Aging Services, $20,000
Area Substance Abuse Council, $12,000
Catherine McAuley Center, $3,805
Helping Hands Ministry, $70,000
Home to Stay, $58,480
Kingston Hill, $25,000
Linn County Mental Health and Community Disabilities, $30,000
Partnership for Safe Families, $20,000
Waypoint Services, $36,000
Provided housing rehabilitation assistance in cooperation with the Federal Home Loan Bank of Des Moines totaling $59,802.

Grand Total Awarded: $755,796

Questions and comments should be directed to Melanie Riley, Housing Planner, at (319) 365-9941 ext. 138.

Links

Return to the HFfLC Main Page
Housing Fund for Linn County Board of Directors Listing
Download the HFfLC Housing Assistance Plan