Best Housing Grants in Iowa

The Community Possible Grant Program by U.S. Bank aims to foster economic and workforce advancement, as well as safe and affordable housing. By partnering with 501(c)(3) nonprofit organizations, the program seeks to drive lasting change within communities through collaborative grantmaking. Priority is given to organizations that promote diversity, equity, and inclusion, and that address multiple pillars of work, home, and play. This initiative reflects U.S. Bank's commitment to creating a more equitable society.

The Bank of America Charitable Foundation focuses on supporting organizations that empower communities through basic needs, income creation, and stable housing. By investing in health and job opportunities, they aim to enhance economic mobility for low- and moderate-income families. Their partnerships target vulnerable populations, ensuring equitable access to resources that foster community vitality and resilience. This initiative emphasizes the importance of stable housing as a foundation for personal and communal growth.

FNBO: Capital or Major Donations aims to support nonprofit organizations through significant financial contributions for capital projects. This initiative focuses on enhancing community well-being by addressing key areas such as affordable housing, environmental stability, and education. FNBO prioritizes partnerships with nonprofits dedicated to long-term impacts, especially for historically underrepresented populations. By fostering community engagement and providing essential resources, FNBO strives to create a positive influence in the regions it serves.

The Workforce Housing Tax Incentive Program in Iowa offers financial incentives for the development and rehabilitation of housing. This includes tax credits of up to 20% for eligible projects, with $35 million available for funding. The program specifically supports smaller communities and aims to enhance housing availability and community growth. Eligible projects must meet specific criteria, including new construction on greenfield sites or the rehabilitation of existing structures. This initiative addresses widespread workforce housing needs throughout the state.

The Neighborhood Builders Program, supported by Bank of America, empowers 501(c)(3) nonprofits through a two-year leadership development initiative. Participants receive funding, training, and networking opportunities to enhance their impact in communities. Since its inception, the program has invested over $346 million, training more than 4,000 leaders. The initiative focuses on advancing social mobility and economic opportunities, ensuring affordable housing, and fostering resilient communities. This program is vital for nonprofits aiming to strengthen their leadership and community engagement.

FNBO's Community Sponsorships provide vital financial support to nonprofit organizations and community events that enhance the well-being of our communities. By focusing on affordable housing, entrepreneurship, education, environmental sustainability, access to arts and culture, community cohesion, and health, FNBO aims to create impactful partnerships. Monthly reviews of sponsorship requests ensure timely decision-making, emphasizing FNBO's commitment to fostering community development and empowering historically underrepresented populations.

Iowa Economic Development Authority

Mission

Strengthen economic and community vitality by building partnerships and leveraging resources to make Iowa the choice for people and business. Through two main divisions – business development and community development – IEDA administers several state and federal programs to meet its goals of assisting individuals, communities and businesses. IEDA works to achieve its mission and goals to benefit Iowans while maintaining a high level of transparency. 

CDBG Housing - Roofing

Approximately $905,037 in federal Community Development Block Grant (CDBG) funds are available to cities and counties through the state of Iowa’s Housing Rehabilitation - Roofing Program. All incorporated cities and all counties in the State, except those designated as HUD entitlement areas, are eligible to apply for and receive funds under this program.

The Housing Rehabilitation - Roofing Program supports low- and moderate-income single-family owner-occupied households in Iowa needing to replace roofs on their homes. Specifically, this program targets roofs that are either failing or pose a threat to the stability of the home structure. This can be determined by doing a visual assessment of the roof to determine if more than 60% of the roof’s life span has passed. This initiative ensures that lower income Iowans will receive the necessary assistance in making repairs they may not have had the resources to do on their own, as well as stabilizing the community's affordable housing stock.

Communities may apply for a maximum of $30,000 per unit, up to 6 units ($180,000 maximum). Match is not required for this program if CDBG funds requested are sufficient to complete the proposed project. However, if requested CDBG funds are not sufficient to complete the project, Applicants must demonstrate that the remaining non-CDBG funding is committed at the time of application.

Eligible projects must demonstrate that the housing units assisted serve only low-to-moderate income (LMI) single-family owner-occupied households and contribute to the long-term sustainability of the community’s affordable housing stock. For purposes of CDBG programs, “low and moderate income” is defined as persons with incomes at or below 80% of the area median income as defined by the U.S. Department of Housing and Urban Development (HUD). Current income levels can be found on the IEDA website: https://www.iowaeda.com/cdbg/program-guidance/

CFR 200 Audit Requirements

CDBG contracts may be subject to audit. Federal Code (2 CFR 200) requires that recipients that expend $750,000 or more in federal funds within a fiscal year must have a single or program specific audit. When budgeting for CDBG funds, applicants should be aware of these audit requirements:

• For recipients of $750,000 or more in federal funds received from more than one source of federal funding, an organization-wide audit must be conducted in accordance with federal requirements outlined in 2 CFR 200.514
• For recipients of $750,000 or more in federal funds received from a single source, a project audit, targeting only transactions dealing specifically with the project, may be performed in lieu of an organization-wide audit.

Communities should consult with their accountants regarding the applicability of an audit and audit requirements.

Audit costs are a CDBG-eligible expense. Organization-wide audits can be paid with CDBG funds proportional to the amount of all other funds included in the audit. The total cost of a project audit can be paid with CDBG funds.

Davis Bacon and Related Acts

Projects that include construction may be subject to the requirements of the Davis-Bacon Act and related laws and regulations. The Davis-Bacon Act applies to all contracts for construction, alteration and/or repairs in excess of $2,000 that involve CDBG funds. Cost estimates for the proposed project should reflect compliance with these requirements.

Uniform Relocation Assistance and Real Property Acquisition Policies Act

For projects that include acquisition and relocation, all recipients given the authority to acquire property are required to follow the guidelines in HUD Handbook 1378 – Tenant Assistance, Relocation and Real Property Acquisition. Cost estimates for the proposed project should reflect compliance with these requirements.

Historic Preservation Review Requirements

Federally funded activities are subject to the review requirements of Section 106 of the National Historic Preservation Act. The goal of the review process is to identify historic properties, both above and below the ground potentially affected by the undertaking, assess the effects of the undertaking and seek ways to avoid, minimize or mitigate any adverse effects on historic properties.

The review process involves review by IEDA and possible consultation with various agencies, groups and individuals, including the State Historical Preservation Office (SHPO), located in the Department of Cultural Affairs. Although consultation is not required prior to a CDBG award, if the project includes a property that may have historical significance, it is a good idea to contact IEDA early in the project development.

Environmental Review and project initiation

No HUD Funds or non-HUD funds may be committed to the project until the applicant has secured environmental approval from the State, as provided in HUD regulation 24 CFR Part 58. In addition, pending environmental approval and pursuant to 24 CFR Part 58.22(a), no grant recipient or participant in the development process, including contractors or sub-contractors, may undertake an activity that may limit the choice of reasonable alternatives. Such choice limiting actions include real property acquisition, conducting a competitive sealed bid process for the project, leasing, rehabilitation, repair, demolition, conversion, and new construction.

Iowa Economic Development Authority

Mission

Strengthen economic and community vitality by building partnerships and leveraging resources to make Iowa the choice for people and business. Through two main divisions – business development and community development – IEDA administers several state and federal programs to meet its goals of assisting individuals, communities and businesses. IEDA works to achieve its mission and goals to benefit Iowans while maintaining a high level of transparency. 

Iowa Thriving Communities

The Iowa Thriving Communities initiative recognizes forward-thinking communities that are proactively addressing workforce housing needs. Designated communities complete a highly competitive application process, including a live pitch from teams of local partners to a panel from the Iowa Finance Authority (IFA) and Iowa Economic Development Authority (IEDA).

Selected communities demonstrate best practices in planning, financial support, targeted development, leadership and employer engagement. Communities previously recognized through the initiative are already seeing strong results, with increased developer interest and significant public and private investments in housing. In addition to valuable scoring advantages for the Federal Housing Tax Credit and Workforce Housing Tax Credits, HOME and Community Catalyst programs (effective through 2028), designated communities will gain statewide and national visibility as models for successful housing strategies.

Requirements

Awarded Iowa Thriving Communities must enter into written agreement with IFA | IEDA

Iowa Economic Development Authority

Mission

Strengthen economic and community vitality by building partnerships and leveraging resources to make Iowa the choice for people and business. Through two main divisions – business development and community development – IEDA administers several state and federal programs to meet its goals of assisting individuals, communities and businesses. IEDA works to achieve its mission and goals to benefit Iowans while maintaining a high level of transparency. 

CDBG 2024 Disaster Recovery - Buyout

Purpose

This grant program is designed to help local jurisdictions move forward with critical infrastructure and recovery efforts following a disaster. FEMA requires state and local governments to contribute a “local share” or “match” toward eligible projects, but these costs can be difficult for communities already stretched thin by emergency response, recovery needs, and reduced revenues. The Non‑Federal Match Program provides CBG-DR funding support as match to ease that burden for FEMA’s HMGP and FEMA-Project Assistance Programs. In addition to assisting with required match funding, CDBG‑DR resources may also be used to enhance HMGP Buyout projects when communities can demonstrate remaining unmet recovery needs, lack of alternative funding options, and a clear connection to long‑term resilience and restoration goals.

About Regions

Regions Financial Corporation is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management and mortgage products and services. Regions serves customers across the South, Midwest and Texas.

Regions Foundation

Regions Foundation supports community investments that positively impact the communities served by Regions Bank. The Foundation engages in a grantmaking program focused on priorities including economic and community development; education and workforce readiness; and financial wellness. The Foundation is a nonprofit 501(c)(3) corporation funded primarily through contributions from Regions Bank.

Matching Gifts Program

Full-time associates and recent retirees (up to 5 years after retirement) of Regions and its affiliated companies can request a Regions Matching Gift to eligible organizations. The recipient organization must be a 501(c) or 170(c) organization located in the Regions footprint (except for accredited educational institutions, which may be located anywhere in the United States) and has a primary mission that clearly fits one of these categories:

• Economic and community development: Supporting economic prosperity through affordable housing, job creation, small-business development, homebuyer education and retention, neighborhood revitalization and stabilization, food security/hunger relief.
• Education and workforce readiness: Supporting career prosperity through student competency and skill building, college and career readiness, educational access and success, credential building and employment and educator training and resources.
• Financial wellness: Supporting financial prosperity through K-12 and college financial education, adult and workforce financial empowerment.
• Arts and culture: Organizations that promote visual or performing arts, historic or science museums, zoos, botanical gardens, libraries, parks or public radio and television.
• Service members and Veterans: Organizations that have a primary mission of supporting U.S. military service members and veterans.
• Individuals with disabilities: Organizations that have a primary mission of supporting individuals with disabilities.

Regions Matching Gifts for Full-Time Associates

Regions supports organizations important to our associates through the Regions Matching Gifts Program. This program, which is open for use for all full-time Regions associates, affiliate associates and recent retirees, allows you to make an even greater difference to your favorite charities by doubling your tax-deductible contributions to these organizations. 

About Regions

Regions Financial Corporation is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management and mortgage products and services. Regions serves customers across the South, Midwest and Texas.

Regions Foundation

Regions Foundation supports community investments that positively impact the communities served by Regions Bank. The Foundation engages in a grantmaking program focused on priorities including economic and community development; education and workforce readiness; and financial wellness. The Foundation is a nonprofit 501(c)(3) corporation funded primarily through contributions from Regions Bank.

Matching Gifts Program

Full-time associates and recent retirees (up to 5 years after retirement) of Regions and its affiliated companies can request a Regions Matching Gift to eligible organizations. The recipient organization must be a 501(c) or 170(c) organization located in the Regions footprint (except for accredited educational institutions, which may be located anywhere in the United States) and has a primary mission that clearly fits one of these categories:

• Economic and community development: Supporting economic prosperity through affordable housing, job creation, small-business development, homebuyer education and retention, neighborhood revitalization and stabilization, food security/hunger relief.
• Education and workforce readiness: Supporting career prosperity through student competency and skill building, college and career readiness, educational access and success, credential building and employment and educator training and resources.
• Financial wellness: Supporting financial prosperity through K-12 and college financial education, adult and workforce financial empowerment.
• Arts and culture: Organizations that promote visual or performing arts, historic or science museums, zoos, botanical gardens, libraries, parks or public radio and television.
• Service members and Veterans: Organizations that have a primary mission of supporting U.S. military service members and veterans.
• Individuals with disabilities: Organizations that have a primary mission of supporting individuals with disabilities.

Regions Matching Gifts for Recent Retirees

Retirees of Regions and its affiliated companies are eligible for the Matching Gift Program for up to 5 years after retirement (the gift date must be within the first 5 years of retirement). Regions will match donations of $25 or more, up to a total of $1,000 per year per retiree.

The Regions Community Affairs team will contact the organization on your behalf to verify the gift and review eligibility.

The FNBO Impact Grant Program aims to empower nonprofit organizations that eliminate barriers to economic and social opportunities. Focusing on Affordable Housing, Workforce Development, and Financial Literacy, this initiative supports projects that enhance community well-being and promote personal economic self-sufficiency. While the 2025 grant cycle is closed, interested applicants should check back in early 2026 for updates on future funding opportunities.

The Rural Innovation Grant program seeks to support creative ideas that address current issues and challenges faced by rural communities. This grant opportunity aims to increase available housing stock in rural Iowa by leveraging funding programs, driving private investment, and rewarding creative solutions. The goal is to provide funds to communities that have demonstrated significant progress on housing initiatives and that propose to bring innovation into implementation with a definitive outcome. 

This program is administered by the Center for Rural Revitalization, a division of the Iowa Economic Development Authority (IEDA), in consultation with the Governor’s Empower Rural Iowa Initiative Task Forces.

Iowa Economic Development Authority

Mission

Strengthen economic and community vitality by building partnerships and leveraging resources to make Iowa the choice for people and business. Through two main divisions – business development and community development – IEDA administers several state and federal programs to meet its goals of assisting individuals, communities and businesses. IEDA works to achieve its mission and goals to benefit Iowans while maintaining a high level of transparency. 

Rural Innovation Grant Program

The Rural Innovation Grant program seeks to support creative ideas that address current issues and challenges faced by rural communities. This grant opportunity aims to increase available housing stock in rural Iowa by leveraging funding programs, driving private investment, and rewarding creative solutions. The goal is to provide funds to communities that have demonstrated significant progress on housing initiatives and that propose to bring innovation into implementation with a definitive outcome. 

Funding is awarded on a reimbursement basis — grant recipients will be reimbursed only after eligible expenses have been incurred and paid for approved project activities during the designated time frame.

National Housing Trust Fund

Federal Resources, Local Compassion

It takes compassion and commitment to create and sustain affordable living options around Iowa. The National Housing Trust Fund does just that. The program, administered by the U.S. Department of Housing and Urban Development, complements existing federal, state and local efforts to increase and preserve the supply of affordable housing for extremely low-income and homeless families.

How Funds Are Used

Funds may be used for the production or preservation of permanent affordable rental housing through new construction, adaptive reuse and/or rehabilitation projects. Proposed projects addressing the needs of extremely low-income renters—those with incomes below 30% of Area Median Income (AMI)—are a high priority for the Iowa Finance Authority.

Iowa Finance Authority

At the Iowa Finance Authority, we turn small actions into big reactions. From mortgages and rental programs, to beginning farmers -- we impact all Iowans.

Project-Based Housing Program

The Project-Based Housing Program assists locally supported affordable housing projects that are not eligible to receive funding under a Local Housing Trust Fund’s Housing Assistance Plan.

Program Requirements

For projects benefiting eligible recipients, program funding must not exceed 75% of the total project budget, excluding administrative and developer fee line items.

For affordable housing projects benefiting extremely low-income recipients, program funding may not exceed 90% of the total project budget, excluding administrative and developer fee line items.

The Rural Housing Readiness Assessment Grant Program in Iowa supports local governments in enhancing housing policies through data-driven assessments. Partnering with Iowa State University, the program provides up to $20,000 for projects aimed at improving community development environments. Eligible applicants must show a minimum cash match of $10,000 and demonstrate their capacity to manage the grant effectively, ensuring that proposed activities align with local needs and regulations.

The Iowa Women's Foundation Core Grants aim to support organizations that address barriers to women's economic self-sufficiency in Iowa. Since 1997, over $2 million has been awarded to initiatives that offer housing, transportation, education, employment, childcare, and mentorship. Eligible applicants include 501(c)(3) organizations and licensed childcare centers. The foundation encourages innovative solutions that empower women and girls, fostering their independence and leadership within the community.

The Mutual Self-Help Housing Technical Assistance Grants in Iowa provide funding to qualified organizations for local self-help housing construction projects. These grants enable low-income families to build their own homes with technical assistance and supervision, fostering community involvement and skill development. Eligible applicants include government non-profit organizations and federally recognized tribes. Funds may be utilized for technical support and recruitment, but not for hiring construction workers or purchasing materials.

The TruStage Foundation focuses on fostering economic mobility through education and housing initiatives. By supporting K-12 literacy, mentoring, and affordable housing projects, the foundation aims to uplift marginalized communities. With a commitment to addressing racial and socioeconomic disparities, TruStage seeks to empower individuals and families to build a brighter future. Their funding is directed towards impactful programs that align with their mission, while avoiding causes that do not meet their criteria for economic mobility.

The Fair Housing Initiatives Program (FHIP), established by Congress in 1988, aims to fund organizations to combat discriminatory housing practices. The Education and Outreach Initiative (EOI) educates stakeholders about their rights under fair housing laws. Key components include the National Media Campaign, which promotes fair housing awareness nationally, and local programs that support community-based outreach. HUD oversees the process, ensuring compliance and monitoring of funded initiatives to enhance fair housing practices.

The Ireton Community Foundation Grant aims to address community needs in Ireton by funding initiatives in areas such as arts, civic engagement, education, environment, health, and human services. Nonprofit organizations and local government units serving the 51027 zip code and holding 501(c)(3) status are eligible to apply. This grant program seeks to enhance the quality of life and foster sustainable growth in Ireton through collaborative efforts.

The Hawarden Community Foundation Grant aims to enhance community well-being by providing financial support to nonprofit organizations and local government units that serve the 51023 zip code area. Focused on arts, education, health, and human services, this grant addresses pressing community needs. Eligible applicants must be 501(c)(3) tax-exempt organizations, promoting unity and volunteerism while fostering civic pride. The foundation prioritizes sustainable projects that positively impact the community's future.

The American Electric Power Foundation provides grants to 501(c)(3) organizations focused on educational improvement, particularly in STEM fields, and basic human services such as hunger and housing. Organizations must operate within AEP's service territory or have a broader beneficial purpose. The Foundation also supports social justice initiatives and environmental protection efforts. Eligible applicants must affirm compliance with anti-discrimination policies and demonstrate commitment to diversity and inclusion.

Navigant Credit Union 

Navigant Credit Union is the longest-operating, member-owned credit union in Rhode Island. Since its founding in 1915, Navigant Credit Union has been dedicated to providing its members with unparalleled financial products and services, while working every day to stay committed to the financial well-being of the families, businesses and communities we serve. 

Navigant Credit Union Charitable Foundation Grant

For over a century, Navigant Credit Union has been committed to making a meaningful difference in the community. In 2017, we established the Navigant Credit Union Charitable Foundation to further amplify our impact in five strategic areas:

• Education & Financial Literacy: Organizational and capital support for programs, supplies, building products, sports facilities and teams.
• Social Services: Financial support for programs and organizations for children, veterans, hunger and housing.
• Public Health, Safety & Well-Being: Support for programs addressing public safety, emergency care and eradication of disease.

The Alliant Energy Foundation offers community grants to support local organizations within its service areas. With a focus on strategic areas such as hunger, housing, workforce readiness, environmental stewardship, and community safety, the foundation has invested over $76 million since 1998. Applications are accepted year-round, and funding is available for specific programs aimed at enhancing community well-being and innovation. Organizations may receive one grant per year, emphasizing the foundation's commitment to diverse community support.

The Andersen Corporate Foundation, established in 1941, aims to enhance lives and strengthen communities where its employees reside. It has contributed over $65 million to various causes, focusing on housing, healthcare, hunger relief, and education. Grants range from $5,000 to $50,000, primarily supporting nonprofit organizations that align with these areas, particularly in communities where Andersen operates, ensuring a lasting impact on local initiatives.