The Iowa Finance Authority Board of Directors awarded $50,000 in a State Housing Trust Fund grant to support the construction of a home in Pella.
The program provides financing for the development of affordable single-family and multifamily housing units. Habitat for Humanity of Marion County will use the $50,000 State Housing Trust Fund grant to assist in the financing of construction costs of a single-family home in Pella. The ranch style home will include approximately 1,150 square feet of finished living space with four bedrooms and one bathroom and a two-stall garage.
This grant will be used for the project that will begin in August with Vermeer Manufacturing and the Vermeer Charitable Foundation in honor of their 70th anniversary.