The Iowa Finance Authority (IFA) has reserved nearly $9 million in federal low-income housing tax credits (LIHTCs) to help create four developments in Council Bluffs, Dubuque, Waterloo, and West Des Moines.
The communities will provide 595 affordable homes for individuals and families.
The recent awards were made through the 4% LIHTC program, which pairs tax credits with tax-exempt bonds. The selected developments will receive nearly $66 million in bond financing…