Formed in 2024, the Cedar Falls Housing Trust Fund (CFHTF) is a local non-profit organization, governed by an independent Board of Directors and recognized by the Iowa Finance Authority (IFA) as an approved Local Housing Trust Fund. INRCOG, under a contract with the CFHTF, is responsible for administration of the program.
The CFHTF receives annual funding from IFA and is matched with local dollars to support housing projects within the city of Cedar Falls. The annual funding is awarded by the Board of Directors to other non-profit and public organizations to improve housing situations for city residents.
Using a formal Request for Proposals process, the Board of Directors has allocated funding for down payment assistance, rehabilitation and repair projects, tenant-based rent assistance, and other housing-related projects.
Grants have been awarded for the following years by activity category:
| Housing Activity Category: | 2025/2026 | 2026/2027 |
| Owner Occupied Housing Rehabilitation | $79,320 | $80,423 |
| Homeowner Down Payment Assistance | $80,000 | $80,000 |
| Sheltering, Homelessness, and Transitional Housing Assistance | $79,660 | $80,848 |
| $238,980 | $241,271 |
IFA funding is typically announced in mid-December each year with the Board of Directors awarding its funds in February or March. The awards are generally open for two years.
Homebuyer Assistance Program
Each year, the CFHTF offers downpayment assistance for qualifying households on a limited basis. Interested applicants can find information below:
- Cedar Falls Housing Trust Fund Homebuyer Assistance Program
- Cedar Falls Housing Trust Fund Homebuyer Assistance Application