Housing Needs Addressed by Trust Fund
When approved the Wayne County Housing Trust Fund will be able to apply for funds from the Iowa Finance Authority. A match of $25,000 will be needed to apply. The local Horizons Board has pledged $1000 toward the fund raising efforts. The Iowa Legislature designates a sum of money to provide grants to approved organizations. The grant averages between $75,000 and $100,000 each year. 30% of the funds received by a local housing trust must be used to address the needs of low income residents.