The Iowa Housing Finance Authority (IFA) has awarded low-income housing tax credits (LIHTCs) and HOME funds to build and preserve 523 affordable housing units for families and seniors in nine counties.

IFA awarded more than $7.8 million in LIHTCs to 13 developments in its 2015 round. The housing finance agency received 23 applications requesting more than $13.2 million in LIHTCs.

It also approved more than $4.9 million in state HOME funds to support six of the developments that received tax credits.

“The tax credit and HOME program awards announced will improve affordable housing options in communities all across Iowa, ultimately enhancing the quality of life for thousands of Iowans,” said IFA executive director Dave Jamison in a statement. “These projects have leveraged an additional $8 million in local contributions, and each of these communities will see the far-reaching benefits of these projects for generations to come.”

The developments receiving funding include:

  • The Arbor at Lindale Trail: 60 affordable units for seniors 55 and older in Marion. Full Circle Communities and Iceberg Development Group received a tax credit award of $800,000 and $1 million in HOME funds;
  • Blairs Ferry Senior: 57 affordable units for seniors 55 and older in Marion. TWG Development received a tax credit award of $780,377;
  • Canterbury Heights: 55 affordable units for seniors 55 and older in Pleasant Hill. Barnes Realty and Conlin Development Group received a tax credit award of $779,858;
  • Centerville Senior Lofts: 41 affordable units for seniors 55 and older in Centerville. St. Mary Development Corp. and MV Residential Development received a tax credit award of $601,791 and a HOME award of $600,000;
  • Goldfinch Grove: 12 affordable units for families in Hull. Excel Development Group received a tax credit award of $203,886 and $608,791 in HOME funds;
  • Hamlin Bell Senior Housing: 32 affordable units for seniors 55 and older in Perry. Newbury Living and Nudgers received a tax credit award of $517,628 and $1 million in HOME funds;
  • Keokuk Senior Lofts: 40 affordable units for seniors 55 and older in Keokuk. St. Mary Development Corp. and MV Residential Development received a tax credit award of $616,184 and $700,000 in HOME funds;
  • Lincoln School Apartments: 24 affordable units for families in Creston. Seldin Affordable Housing Program received a tax credit award of $412,731;
  • Lafayette Square: 45 affordable units for families in Davenport. MWF Properties received a tax credit award of $799,500;
  • MLK Crossing Senior Apartments: 50 affordable units for seniors 55 and older in Des Moines. CT Development received a tax credit award of $697,176;
  • Southern Pointe: 27 affordable units for families in Spencer. Community Housing Initiatives received a tax credit award of $534,300 and $1 million in HOME funds;
  • Southridge Senior Lofts: 46 affordable units for seniors 55 and older in Des Moines. St. Mary Development Corp. and MV Residential Development received a $704,188 tax credit award; and
  • Willis Avenue Apartments: 34 affordable units for families in Perry. Bear Development received a tax credit award of $437,799.