IFAfyi - An update from the Iowa Finance Authority

<%@ language="VBScript" %> IFAfyi - An update from the Iowa Finance Authority

Governor Culver recently signed Senate file 2432, which provides a permanent funding source for the State Housing Trust Fund. The Fund will receive an annual appropriation of at least $3 million.
IFA’s Web site now includes a listing of Qualified Contract properties for sale in the state.
The FirstHome Lender Handbook is now available from IFA’s Web site. Simply visit For Lenders/Realtors and then Resources.
Beginning later this week on new conventional loan reservation of funds, IFA’s FirstHome and FirstHome Plus mortgage pricing will include a Loan Level Price Adjustment as result of Fannie Mae’s Loan Level Price Adjustments. Additional details will be available soon.
IFA’s Web site now includes maps that show the FirstHome and FirstHome Plus program’s targeted census tracts. Homeowners who purchase a home in a targeted census tract do not need to be first-time homebuyers to take advantage of the program.
Funds are still available from IFA’s Project-Based Housing Program of the State Housing Trust Fund. Housing projects located in areas that aren’t certified as Local Housing Trust Funds are eligible to apply for funds from the Project-Based Program for single-family and multifamily housing development. The program’s application and allocation plan are here.

The Iowa Finance Authority Board of Directors recently approved more than $5.8 million in Planning and Design Loans to eight Iowa communities and the Poweshiek Water Association. Read the news release.

Title Guaranty’s Mortgage Release Program provides a simple and inexpensive method for dealing with unreleased mortgages, badly released mortgages or missing assignments.

Materials are available online to help your organization spread the word about the Iowa Mortgage Help initiative, which provides free counseling to homeowners at risk of losing their homes.