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Iowa's affordable housing funding has Des Moines developers lining up


Des Moines Register
Des Moines-based developers are ready to jump on new state funding that helps drive down the cost of construction  and therefore, monthly rent  and make housing more affordable for the state s workforce. 
Six project managers are seeking to capitalize on additional funding allocated to the Iowa workforce housing tax credit program for new housing in Des Moines. Another is applying for funds in West Des Moines. 
Gov. Kim Reynolds signed into law a sweeping tax bill in June, portions of which provide money to help address the growing gap in Iowa s supply of affordable housing. The Legislature approved an increase of $20 million across two existing tax credit programs, plus an additional $4 million to state housing trust funds. The housing trusts are nonprofit organizations that help plan, build and rehabilitate housing units for low- to moderate-income tenants in all of Iowa s 99 counties.  ....

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$2.8M federal grant to fund Iowa electric buses


The East Central Iowa Council of Governments (CorridorRides), Heart of Iowa Regional Transit Agency, and Southeast Iowa Bus will operate the buses and charging infrastructure the grant secures, the release said.
Iowa DOT Modal Transportation Bureau Transit Programs Administrator Brent Paulsen said in the USDOT release that, while some Iowa cities have battery-electric buses, the nine grant-funded buses are the first of their kind to be deployed in rural Iowa.
“The project will lead the way for other rural and urban transit systems to expand their use of alternative fuel vehicles, reduce energy consumption, particulate matter, and greenhouse gas emission by using buses that are powered by the clean electric energy and reducing the consumption of gasoline,” he wrote to The Center Square. “For all nine buses over the lifetime of the vehicles, the energy consumption reduction is: Gasoline Buses = 2,135,868 kWh;  Diesel Buses = 1,9290,067 kWh.” ....

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