Dec. 5, 2023

The HOME-ARP program was created by the American Rescue Plan (ARP) in an effort to reduce homelessness and increase housing stability. The Iowa Finance Authority (IFA) was designated approximately $29 million in HOME-ARP funds in a one-time allocation.

Available Funds

TOTAL IOWA HOME-ARP FUNDS

$29.2 million

• RENTAL HOUSING DEVELOPMENT

$14.7 million*

• SUPPORTIVE SERVICES

$7.3 million*

• NONPROFIT OPERATING

$1.4 million*

• NONPROFIT CAPACITY BUILDING

$1.4 million*

*Allocations are subject to modification in accordance with a recent adjustment to Iowa’s allocation amount.

Please note, IFA will only be accepting applications in the initial application round for the construction of rental units and the construction of rental units with supportive services. A future application round may be held for supportive services only. Nonprofit operating and nonprofit capacity building assistance is available to projects that will carry out HOME-ARP eligible activities.

Qualified Populations:

• Individuals experiencing homelessness*
• Individuals at risk of homelessness*
• Persons fleeing or attempting to flee domestic violence, dating violence, sexual assault, stalking or human trafficking
• Other populations for which providing supportive services or assistance would prevent homelessness or would serve those at greatest risk of housing instability.  

*As defined by 24 CFR 91.5

Application Timeline

• Online Application Opens: January 5, 2024 – 9:00 a.m.

• Application Deadline: March 5, 2024 – 12:00 p.m. (noon) 

• Tentative Award announcement: June, 2024

Further details are available on the program web page.