Iowa governor: $100M in virus relief funds to go to housing | KAALTV.com

Iowa governor: $100M in virus relief funds to go to housing

Iowa governor: $100M in virus relief funds to go to housing

KAAL-TV
Created: September 09, 2021 12:05 AM

CEDAR RAPIDS, Iowa - Iowa Gov. Kim Reynolds has announced that $100 million of the nearly $1.5 billion in federal coronavirus relief funds allocated to the state will go to build new homes. 

The Des Moines Register says Reynolds announced the plan Wednesday during a stop in Cedar Rapids. 

She says the federal funds plus $230 million in tax credits allocated by the Iowa Legislature over five years will help developers build 36,450 new housing units to help address a growing shortage of housing in Iowa.

 The $100 million will go to several existing programs, including $10 million for the Homes for Iowa.

 The vast majority - $65 million - will fund housing tax credit programs to help cover the increased costs of building materials.  


Copyright 2021 - KAAL-TV, LLC A Hubbard Broadcasting Company