(Radio Iowa) – The State of Iowa has recently distributed 770-million dollars in grants and tax credits for housing developments that will yield an estimated 10-thousand homes and apartment units in the state.
Governor Kim Reynolds says there’s never before been that many publicly-funded housing units under development in Iowa. State officials say the bulk of the investment is 632 million dollars worth of federal tax credits awarded for Iowa housing projects over a ten-year period.
About 80 million in state tax credits have been awarded for new construction or rehabbed housing in communities where there’s a shortage of homes and apartments for people who work in the community.