The Iowa Finance Authority (IFA) created the new Permanent Supportive Housing (PSH) Fund is to support eligible nonprofit PSH service providers with operational needs.
The Iowa PSH Fund is not intended to be an annually budgeted funding resource for PSH operations but rather a potential resource that may be available in times of operating deficit on a fiscal year by fiscal year basis.
Eligible applicants may request up to $50,000 in PSH Operating Deficit Relief following a fiscal year in which the PSH project or the PSH units within a larger housing project result in an operating deficit to the Eligible Applicant’s operating budget. The amount of PSH Operating Deficit Relief awarded by IFA shall not exceed the lesser of $50,000 or the actual amount of the operating deficit during the fiscal year.
The FY 2025 Iowa PSH Fund application round is open to eligible applicants seeking operating deficit relief based upon their PSH project’s FY 2024 operations.
The online application will be available beginning Friday, Aug. 23 at 8:00 a.m. and will close Friday, Sept. 20 at 4:30 p.m.
