Formed in 2012, the Waterloo Housing Trust Fund (WHTF) 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 WHTF, is responsible for administration of the program.
The WHTF receives annual funding from IFA and is matched with local dollars to support housing projects within the city of Waterloo. The annual funding is awarded by the Board to other non-profit and public organizations to improve housing situations for city residents.
Using a formal Request for Proposals process, the Board has allocated funding for sheltering projects, rehabilitation and repair projects, tenant-based rent assistance, and other housing-related projects.
Grants have been awarded for following years by activity category:
|
Housing Activity Category: |
2025/2026 |
2026/2027 |
|
Sheltering, Homelessness, and Transitional Housing Assistance |
$99,611 |
$100,874 |
|
Owner Occupied Housing Rehabilitation |
$99,611 |
$100,872 |
|
Housing Accessibility Rehabilitation |
$99,610 |
$100,872 |
|
$298,832 |
$302,618 |
IFA funding is typically announced in mid-December each year with the Board of Directors awarding the funds in February or March. Awards are generally open for a year-and-a-half to two years.
Waterloo Housing Trust Fund Revolving Loan Fund
The Waterloo Housing Trust Fund Revolving Loan Fund supports housing development and rehabilitation projects that strengthen Waterloo neighborhoods and expand quality, affordable housing opportunities. By providing flexible gap financing, the fund helps move projects forward that preserve existing homes, encourage infill development, and support long-term neighborhood reinvestment. As loans are repaid, funds are reinvested into future housing projects, creating a sustainable tool to address local housing needs.
For more information, please review the Waterloo Housing Trust Fund RLF Guidelines.
To apply, please complete Waterloo Housing Trust Fund RLF Application Part 1 and Waterloo Housing Trust Fund RLF Application Part 2 of the application and submit both forms to Isaiah Corbin.