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Iowa governor announces $75M for housing projects

Nearly $75 million in federal and state funding will go to pay for affordable housing projects across Iowa.
/ Source: The Associated Press

Nearly $75 million in federal and state funding will go to pay for affordable housing projects across Iowa.

Iowa Gov. Chet Culver announced the money will go to 16 projects and about 1,000 housing units statewide. The governor's office says the money comes from the state's I-JOBS initiative, federal stimulus funding and the Iowa Housing Tax Credit Program.

Culver says the affordable housing programs "are creating jobs and improving the quality of life for thousands of hard working Iowans."

Among the projects, $1 million will to go to the city of Iowa City to buy and renovate 20 single-family housing units near the University of Iowa campus.