EIRHA Annual Report

EIRHA

Eastern Iowa Regional Housing Authority

Fiscal Year 2011 Annual Report

2012 Calendar

Housing Choice Voucher | Home Ownership | Self Sufficiency | Housing Development | Public Housing | Housing Counseling

Mission

The goal of the Eastern Iowa Regional Housing Authority (EIRHA) is to provide decent, safe, and affordable housing for eligible households; to provide opportunities and promote self-sufficiency; create economic independence; and provide home ownership opportunities for Housing Choice Voucher and Public Housing Program participants.

EIR HA B oa rd

Staff

Michelle Schnier [mschnier@ecia.org] Director of Housing and Support Services

Kelley Deutmeyer [kdeutmeyer@ecia.org] ECIA Executive Director

Carl Reimer [creimer@ecia.org] Housing Development Specialist

Mindy Meyers [mmeyers@ecia.org] Family Support Coordinator/Site Manager Mindy Wiley [mwiley@ecia.org] Family Support Coordinator/Site Manager Jenny Schrobilgen

[jschrobiligen@ecia.org]

Housing Coordinator

Maria Elgin [melgin@ecia.org] Housing Specialist

Lori Joester [ljoester@ecia.org] Housing Manager

Debbie Maier [dmaier@ecia.org] Housing Specialist

Holly Specht

[hspecht@ecia.org]

Housing Specialist

Tom Simpson [tsimpson@ecia.org] Maintenance Manager

Leonard O’Connell

[loconnell@ecia.org]

Maintenance Manager

Sean O’Malley Maintenance Manager

[somalley@ecia.org]

Established in 1978, the Eastern Iowa Regional Housing Authority (EIRHA) operates as a division of the East Central Intergovernmental Association (ECIA), which provides staff and administrative support to EIRHA. EIRHA was organized pursuant to Chapter 28E, Code of Iowa, and was established and created as a regional Housing Authority for Cedar, Clinton, Delaware, Dubuque, and Jackson Counties. In 1992, Jones County became a member of EIRHA. In 2004, EIRHA entered into a Memorandum of Understanding with the City of Maquoketa to assume the responsibilities under their Annual Contributions Contract, thereby, including Maquoketa under its scope of services. The only cities EIRHA does not serve in this region are Dubuque and Clinton, as they have their own Housing Authorities established.

Organization

EIRHA operates two main programs, Public Housing and Housing Choice Voucher Rental Assistance. Within those programs, there are several other programs and sources of funding.

2011 Program Operating Income FY’10 CFP $227,531 ROSS Homeownership $68,000 ROSS Family Self-Sufficiency $64,802 Housing Choice Voucher $3,834,056

EIRHC $355,064

EIRHC - Tax Credit (Evergreen Meadows) $140,766

Public Housing $455,689

EIRHC - USDA Units $33,875 Public Housing Operating Subsidy $313,485 Section 8 Family Self-Sufficiency $100,124 EIRHC - Tax Credit (Asbury Meadows) $209,102

The pie chart depicts the fiscal year 2011 programs and funding sources, as well as the amount of operating income.

[All figures contained herein based on Fiscal Year 2011 unaudited financial statements]

The HCV program is designed to meet the needs of low-income families and elderly by providing rental assistance in their existing housing units. The participating family chooses a decent, safe, and sanitary rental unit. EIRHA makes monthly rental payments on behalf of the tenant to the landlord to assist the household with their rent. Participating households pay a minimum of 30% of their adjusted income or $50.00, whichever is greater, toward rent and utilities. The rental unit must pass a Housing Quality Standard inspection and fall within HUD’s Payment Standard Schedule. Households are allowed to select a housing unit anywhere in the six county region served by EIRHA except for the cities of Dubuque and Clinton.

The city of Maquoketa is given priority to the 156 vouchers under their Annual Contributions Contract that EIRHA assumed.

Over 1,018 households benefited from the rental assistance program during the fiscal year.

HCV Assistance by County [July 1, 2010 - June 30, 2011] Dubuque County $657,198 20%

Jones County $578,652 18%

Cedar County $290,013 9% Jackson County $189,378 6%

Delaware County $370,397 11%

Clinton County $533,283 17%

City of Maquoketa $622,473 19%

HCV Assistance: Households Assisted by County [July 1, 2010 - June 30, 2011]

History of Housing Assistance Payment Lease-Up

Dubuque County 192 19%

101.62%

100.60%

99.62%

100 99.52%

97.47%

88.70%

88.18%

98.94%

97.17% 97.02%

95.46%

95

90

Delaware County 136 13%

Clinton County 158 16%

89.70%

87.19%

85

Jones County 178 17%

Cedar County 99 10%

105

Percent

Housing Choice Voucher

In January 2005, the Housing Choice Voucher (HCV) program became completely budget based. EIRHA has an annual contributions contract (ACC) with the Department of Housing and Urban Development (HUD) to serve 883 families and has a calendar year budget for Housing Assistance Payments (HAP) that cannot be exceeded.

Jackson County 65 6%

City of Maquoketa 190 19%

80

75

‘99

‘00

‘01

‘02

‘03

‘04

‘05

Fiscal Year

‘06

‘07

‘08

‘09

‘10

‘11

The total amount of rental assistance provided to landlords on behalf of lowincome elderly and families in the area served by EIRHA for FY 11 was $3,241,394.

To qualify for the Section 8 Housing Choice Voucher program, the family’s income may not exceed 50% of the median income for their county, using income guidelines established by HUD. EIRHA staff serves as a liaison between the program participant and the landlord. In fiscal year ’11, EIRHA’s average monthly housing assistance payment sent to landlords was $300.16.

• City of Maquoketa residents are given priority for the 156 city of Maquoketa vouchers (2 preference points). Individuals must reside within the city of Maquoketa to receive this preference.

• Residency preference for families who live in Cedar, Clinton, Dubuque, Delaware, Jackson, and Jones counties (1 preference point).

• Preference to any family that has been terminated from the HCV program due to insufficient program funding (1 preference point).

When the applicant reaches the top of the waiting list, they must meet the income guidelines and cannot have been charged or convicted of drug related or violent criminal activity during the past three years.

Income Ranges of Housing Choice Voucher Residents 40

Bedroom Size Distribution 40

38%

35

25%

25 20

20 15

5

13%

0

9% 7%

5%

5 $0

$1 $5,000

Race of Participants 6% 1%

Percent

105

Black Hispanic SS/SSI/Pension 41%

2

3

4

5+

110

White 93%

Other 17%

1

1%

History of Housing Assistance Payment Expenditure

Distribution of Income

Zero Income 4%

0

4%

Number of Bedrooms

$5,001 - $10,001 - $15,001 - $20,001 - $25,000+ $10,000 $15,000 $20,000 $25,000

Welfare 10%

3%

3%

Amount of Income

Wages 28%

25%

25

10

15

0

29%

30

30

10

38%

35

Percent

Percent of Households

HCV Client Profile

Since 2002, EIRHA has had a waiting list for program services. At the end of fiscal year ’11, 2,369 households were on the waiting list with an average wait of two years. Applicants are served in order by date and time of application. In addition, EIRHA has selected the following local preferences:

101.88% 99.05%

100

100.67%

98.92% 98.12%

97.53%

95 90 85 80 75

‘05

‘06

‘07

‘08

Calendar Year

‘09

‘10

Public Housing Operating Reserve $800,000 $716,590 $700,000

98.64%

98 97%

Amount

$100,000 $0

95%

95%

98.63% 98.47% 98.42%

’99

’00

’01

’02

’03

’04

’05

’06

’07

’08

’09

’10

’11

98.93% $24,400 $24,305

$25,000

97%

95%

92

$22,937 $22,669

$21,648 $19,725 $19,120 $19,302 $19,535 $20,000 $18,483 $17,839 $18,186 $17,278 $15,000

$10,000

91%

$5,000

88 86

$111,247 $107,339 $89,997

Public Housing Payment in Lieu of Taxes

94

90

$325,411 $281,556

Fiscal Year

Amount

96

98.16%

$418,835

$400,000

$200,000

History of Public Housing Lease-Up 98.80%

$492,801

$432,670

$300,000

Although EIRHA is a tax exempt organization, approximately $22,937 was paid to local governments for payments in lieu of taxes. The public housing program has an operating reserve of $418,835. The reserve funds are used to rehab or build new single family homes that are then sold to qualifying families that are at or below 80% of the county median income guideline.

100

$518,394

$500,000

$603,428

$577,254 $552,130

$600,000

For fiscal year ’11, EIRHA’s Operating Budget was $455,689 and Operating Subsidy was $313,485. EIRHA uses rental receipts to manage and maintain the units. $86,426 was paid for utility costs, $339,224 for maintenance and operations, and $374,531 was paid for administrative and other expenses.

Percent

Public Housing Program

EIRHA currently owns and manages 164 public housing units located in Dyersville, Bellevue, Manchester, Colesburg, Miles, Sabula, DeWitt, Holy Cross, Hopkinton, Worthington, Delmar, Preston, Peosta, and Wheatland. Overall, a 98.93% occupancy level is maintained. There are 85 units of elderly and 79 units of family housing. The family housing is scattered-site single family homes and duplexes. The senior developments range in size from 4-plexes to a 23 unit twostory building. Most of the developments have a waiting list.

’99

’00

’01

’02

’03

’04

’05

’06

Fiscal Year

’07

’08

’09

’10

’11

’99

’00

’01

’02

’03

’04

’05

’06

Fiscal Year

’07

’08

’09

’10

’11

Age of Participants

Based on statistical data, approximately 56% of the households admitted to the public housing program are considered extremely low income (at or below 30% of the area median income adjusted for family size).

RESIDENT PARTICIPATION HUD specifies that PHAs shall include in the operating subsidy eligibility calculation $25 per occupied unit, per year, for resident participation activities. Of this $25 per occupied unit, $15 will be used toward resident association activities and $10 toward resident participation funding. A PHA cannot decline these funds nor refuse to use the funds for the purpose intended.

45

41%

40 35

Percent

Residents that are working or have a higher income have a choice of paying rent based on the 30% formula or a flat rent. Staff review the rents annually and presents them to the EIRHA Board of Directors for a final approval.

30 23%

25 20 15

12%

8%

10

11% 5%

5 0

6-17

0-5

18-50

51-61

62-82

Age Ranges

Race of Participants

In fiscal year ’11, these funds provided board meeting refreshments, attendance assistance (used to offset transportation and childcare costs of attendees), and the distribution of a quarterly newsletter for all public housing residents.

White 96% Black 4% Hispanic 0%

Income Ranges of Public Housing Residents 30

Percent of Households

PH Client Profile

T o qualify for the Public Housing program, a household’s income cannot exceed 80% of the median income guideline for their county. Residents pay a minimum of 30% of their adjusted income or $50.00, whichever is greater, toward rent and utilities. Rental payments are made directly to EIRHA on the first of each month.

The average monthly rent payment for fiscal year ’11 was $146.78.

28%

Distribution of Income

25%

25 20 15

13%

0

Other 17%

10%

10 5

Wages 31%

18%

3% $0

3% $1$5,000

$5,001- $10,001- $15,001- $20,001- $25,000+ $10,000 $15,000 $20,000 $25,000

Amount of Income

Welfare 6%

Zero Income 2% SS/SSI/ Pension 44%

83+

$304,790

$300,000 $250,000

$273,116

$315,289

$327,338

$317,823

$313,485

$284,454 $283,699 $267,213

$243,402

$200,000

$150,000

$100,000

$50,000

$0

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Fiscal Year

Operating Subsidy Funds In November 2001, EIRHA began receiving Operating Subsidy Funds for the Public Housing program. The Operating Fund program was established under QHWRA, section 519. The operating fund provides subsidies to local Housing Authorities to assist in funding the operating and maintenance expenses of their properties. The subsidies are required to help maintain services and provide minimum operating reserves.

,89 89

31

4

$2 27 ,5

,68 29

09

10

$2

01

$2

00

$250,000

Amount

18 $2 64 ,17 7 $2 60 ,67 9 $2 47 ,60 2 $2 41 ,33 5 $2 27 ,42 9 $2 18 ,31 $2 6 29 ,01 9

0 $2 77 ,5

,08 73

$300,000

$2

85

2

Capital Fund Program $2 87 ,4

EIRHA received a contract for $227,531 for the 2010 CFP. The award was funded in fiscal year 2011 and included the following upgrades:

• replacement of Kubota and lawn tractor

• replacement of maintenance vehicle

• appliance replacement

• replacement of Dyersville family roofs

• upgrade staff computers

• flooring replacement for units

• installation of a rain garden at the Dyersville

elderly complex

• purchase of a salt spreader

$350,000

Amount

CFP and Operating Subsidy

Operating Subsidy

Capital Fund Program (CFP) In recent years, major improvements to the public housing units have been necessary to ensure their long-term viability. EIRHA has been successful in receiving CFP dollars from HUD to finance these capital improvements.

Funds are awarded on a formula basis to housing authorities to plan for their capital improvements over a five-year period.

$200,000 $150,000 $100,000 $50,000 $0

99

02

03 *

04

Fiscal Year

05

06

07

08

09 ** *includes incentive

**stimulus

Holy Cross Family

Peosta Family

Dyersville Family

PH Developments

Bellevue Elderly-Disabled

2 two-bedroom duplex units

Delmar Family

6 two-bedroom duplex units 2 three-bedroom duplex units

Colesburg Family

5 three-bedroom single family homes 2 four-bedroom single family homes 12 one-bedroom apartments

Manchester Elderly-Disabled

1 two-bedroom single family home 1 three-bedroom single family home

Hopkinton Family

Elderly-Disabled

14 one-bedroom apartments 8 two-bedroom duplex units

DeWitt Elderly-Disabled

2 two-bedroom duplex units

Preston Family 22 one-bedroom apartments 1 two-bedroom apartment

1 two-bedroom duplex unit 1 three-bedroom duplex unit 1 two-bedroom single family home 1 three-bedroom single family home

Worthington Family

4 two-bedroom duplex units 2 three-bedroom single family homes

Miles Elderly-Disabled

Family

16 one-bedroom apartments

10 two-bedroom duplex units 6 three-bedroom duplex units 4 three-bedroom single family homes 2 four-bedroom single family homes

6 two-bedroom duplex units 1 two-bedroom single family home 5 three-bedroom single family homes

Wheatland Elderly-Disabled

4 one-bedroom apartments 1 two-bedroom single family home 1 three-bedroom single family home

8 one-bedroom apartments

Family

Sabula Family

2 two-bedroom duplex units 2 three-bedroom duplex units

Elderly-Disabled 8 one-bedroom apartments

Participating households can earn a savings account through increases in their earned income while participating in the FSS program. The savings account is called an “escrow account”. As a family increases their earnings through employment, an amount equal to 30% of that increase is deposited into an escrow account. The account earns interest and is returned to the family upon successful completion of their family selfsufficiency contract.

Housing Choice Voucher Family Self-Sufficiency (FSS) This past year, EIRHA received a $100,124 grant from HUD to fund two Service Coordinators for the Section 8 Housing Choice Voucher FSS program. The program has been funded on a yearly basis since 1997. On January 1, 2011, EIRHA was awarded funding to support a second coordinator position. To qualify for this second level of funding, EIRHA served more than 75 families. At fiscal year end, EIRHA had over $82,046 in escrow accounts for participating households. That is an average of $1,865 per household.

ROSS Public Housing Family Self-Sufficiency (FSS) EIRHA was awarded $66,746 for the fiscal year ‘10 ROSS Public Housing Family Self-Sufficiency program to support one full-time position. The grant has been funded on a yearly basis since May 2005. At fiscal year end, EIRHA held over $39,791 in escrow accounts for participating households. That is an average of $1,730 per household.

Elderly Self-Sufficiency (ESS) Since February 2002, EIRHA has operated an Elderly Self-Sufficiency Program for the Public Housing Residents. This program is designed to assist the elderly with social and daily living skills. During the past year, EIRHA partnered with the Regional Transit Authority and provided trips to the National Mississippi River Museum and Aquarium, the Dubuque Museum of Art, the Festival of Trees, Reflections in the Park, shopping at the NorthPark Mall in Davenport, the Ohnward Fine Arts Center in Maquoketa, and the Star Cinema. In addition, potlucks were held at various sites with activities planned for the residents.

[Success!]

Family/ Elderly Self-Sufficiency

Family and Elderly Self-Sufficiency Programs In the Housing Choice Voucher and Public Housing Self-Sufficiency programs, the Coordinators work with a network of service providers and task force groups in the region to obtain the needed services to assist participating families with reaching economic self-sufficiency.

Services offered through these grants include motivational training, career counseling, employment skills training, budgeting/financial aid, household management counseling, and personal development counseling. The program is designed to promote employment and offer an opportunity to save money amongst participating families.

With great appreciation and respect, I would like to thank all of those involved in helping me obtain my goals through the FSS Program. Through my accomplishments and work experience, I am now paving the way for others through my present career. Through my many struggles the FSS Program has been an advocate to overcome some of my most challenging obstacles. I have chosen a career that is gratifying and highly secured. And as I enter into the real world of nursing I know I will play a valuable and unique role in the many lives to come. The knowledge, skills and time has all been well worth it. Thank you all once again.

ROSS FSS Summary Year 2004 2005 2006 2007 2008 2009 2010

Number of Mandatory Participants 50 49 42 42 39 38 36

Number of Completions

Award

0 1 8 8 11 12 14

$56,512 $61,083 $61,083 $61,083 $62,915 $64,802 $66,746

Section 8 FSS Summary Year 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Number of Mandatory Participants 50 48 36 25 24 18 13 9 6 0 0 0 0 0

Number of Completions

Award

0 2 14 25 26 32 37 41 44 50 55 58 64 74

$39,000 $39,280 $41,672 $42,922 $44,210 $45,536 $47,269 $47,743 $56,512 $61,083 $65,000 $65,650 $66,307 $100,124

Home Ownership

Public Housing Home Ownership Program Through EIRHA’s Public Housing Home Ownership Program, firsttime home buying low-income households are given the opportunity to purchase their public housing units. Of the 164 public housing units, 27 are single family scattered-site units located in Dyersville, Manchester, DeWitt, Hopkinton, Preston, Worthington, and Delmar.

At the present time, five families have purchased the public housing units that they reside in; two units were located in the city of Manchester and three in the city of Dyersville.

Housing Choice Voucher Home Ownership Program Since July 1, 2003, EIRHA has implemented a Housing Choice Voucher Home Ownership Program. The plan states that EIRHA will assist 25 current voucher recipients with home ownership. To date, 19 families have been assisted with the purchase of their own home through the HCV home ownership program. In accordance with the program regulations, monthly rental assistance can be used to assist a participating household with making their mortgage payments rather than paying a portion of their monthly rent.

Housing Development Projects Manchester Single - Family Home Construction Three lots were purchased on Marion Street in Manchester, Iowa to construct new single family homes. The homes were built and sold to qualifying home buyers.

Asbury Single - Family Home Construction Five single family lots were purchased on Trenton Street in the City of Asbury. All five of the homes were sold to qualifying home buyers.

Lost Nation and Dyersville - Single-Family Home Rehab Existing single family homes were purchased in Lost Nation and Dyersville. The Dyersville and Lost Nation homes were rehabbed and sold through a rent to own option with qualifying families.

Applicants for these homes must be income-qualified, be considered a first-time home buyer, attend a homeownership counseling session, and be able to secure a first mortgage on the home.

Housing Counseling On July 30, 2010, the U.S. Department of Housing and Urban Development approved the EIRHA as a Housing Counseling Agency.

EIRHA has met the department’s initial approval criteria and submitted an acceptable housing counseling plan to serve its target

area (Dubuque, Delaware, Jackson, Cedar and Clinton Counties). The Department approved the EIRHA to provide money management, prepurchase counseling, and home improvement and rehabilitation counseling in accordance with its counseling plans.

ROSS Family and Home Ownership Grant On June 29, 2008, EIRHA was awarded a $204,000 three-year grant to fund a Family and Homeownership Program. The program is designed to help families currently on the rental program to gain the skills they need to become self-sufficient with the ultimate goal of homeownership. To date, 185 families have been enrolled into the program, 72 families repaired their credit history, and seven families purchased a home, in addtion to 54 families with closings scheduled over the next several months through the Workforce Housing Program.

Workforce Housing In January 2011, ECIA received a $2,447,727 grant from the Iowa Department of Economic Development to cover down payment costs for moderate income households to construct 54 single family houses, condominiums, and town homes in several locations in Dubuque. To qualify, homebuying families could not exceed 100% of the Dubuque County Median Income and a minimum of 51% had to be at or below 80%.

EIRHC entered into a contract for services with the Developers to provide the homebuyers with housing counseling services throughout the duration of the build-out and for two years after occupancy. Services that are covered include: • Housing needs versus wants and desires • Credit Scores • Affordability • Personal finance and budgeting • Housing Terms - Mortgage Types • Home loans and mortgage documents • Home inspections • Sustainable practices (landscaping, decreased energy usage) • Routine maintenance needs and energy efficiency practices • Warranty information • Homeownership Budgets (budgeting for future maintenance) • Process and methods for obtaining future repairs • Consulting services for both the homebuyer and the developer, prior to and during construction

89%

90

94%

94%

95%

95%

2002

2003

2005

2007

93%

82%

80 70

Percent

Public Housing Assessment System (PHAS) EIRHA is required to complete an assessment of its physical, financial, resident services, and management operations providing HUD with the data to award an overall PHAS score based on the indicator scores.

PHAS is fundamentally designed to provide relevant and verifiable measures that directly relate to a public housing authority’s performance and that result in an accurate and reliable score. The improved assessment process allows HUD to target its oversight resources on those housing authorities most in need of attention; high performing housing authorities receive recognition, along with reduced HUD scrutiny and additional flexibility. Small agencies with less than 250 public housing units are now being evaluated under the PHAS every other year instead of annually.

100

60

56%

50 40 30 20 10

1999

2000

2001

2010

Year

Section 8 Management Assessment Program (SEMAP) The purpose of the SEMAP is to measure Public Housing Authority management performance in 14 key areas of the Housing Choice Voucher tenant-based assistance program. SEMAP enables HUD to ensure program integrity and accountability by identifying PHA management capabilities and deficiencies, and by improving risk assessment to effectively target monitoring and program assistance.

EIRHA SEMAP Scoring History 100% 100% 100% 100% 100% 100% 100% 100%

100 90

96%

84%

80 70

Percent

Administrative Plannning

EIRHA PHAS Scoring History

Stream-Lined Annual Plan EIRHA received approval of its Stream-Lined Annual Plan, a comprehensive guide to EIRHA programs, operations, and strategies for meeting the housing needs within the region. The plan states the housing authority’s mission and its strategies and goals for achieving that mission.

60 50 40 30 20 10 0

2001

2002

2003 2004

2005

2006

Year

2007

2008

2009

2010

USDA-Funded Units Lease-Up History

The Board of Directors is a mirror image of EIRHA’s Board of Directors, with members representing the six counties in the region as well as representation from tenants.

The Corporation is the same staff as EIRHA, which is staffed by ECIA.

100%

100%

Worthington West Ridge and Grand Mound Churchview USDA Units EIRHC owns and manages ten USDA funded elderly housing units: six one bedroom units located in Grand Mound, Iowa and four one-bedroom units located in Worthington, Iowa, with an annual budget of approximately $33,875. Services provided for the elderly tenants include counseling, referrals, and community activities. 100% lease-up was maintained at the Worthington and Grand Mound sites for fiscal year ‘11.

Iowa Finance Authority (IFA) 28E Agreement On May 19, 2010, ECIA entered into a three year (2010, 2011 and 2012) 28E Agreement with IFA. The purpose of the Agreement is to perform physical site inspections and file reviews of the tenant files of Low Income Housing Tax Credit (LIHTC) properties. These properties are located within Dubuque, Delaware, Jackson, Cedar, Clinton, Jones and Scott counties.

EIRHA staff that are Tax Credit Compliant Certified perform the inspections and file reviews for program compliance.

100%

100%

100%

100%

100%

100%

100%

100%

’09

’10

’11

99%

99%

98.62%

Percent

Eastern Iowa Regional Housing Corporation

Eastern Iowa Regional Housing Corporation (EIRHC) EIRHC was established in 1990 and organized as a not-for-profit under the provisions of Chapter 504A of the Iowa Code. Its purpose is to promote the general social welfare of eligible occupants of rental housing as determined by the United States Department of Agriculture, Iowa Finance Authority, and Iowa Department of Economic Development regulations, without regard to race, color, religion, creed or national origin; to acquire, construct, improve, and operate any real or personal property or interest or rights.

98%

98%

97%

96%

95%

’03

’04

’05

’06

’07

’08

Fiscal Year Worthington

Grand Mound

35

33%

30 25

22%

20

18% 15%

15

0

$1$5,000

$5,001- $10,001- $15,001- $20,001- $25,000+ $10,000 $15,000 $20,000 $25,000

60 50 40

29%

30

22%

20

15%

15% 9%

10 0

Amount of Income

56% 48%

Wages

6% SS/SSI/ Pension

Welfare

Other

Income Source

Lease-Up History 100 95.49%

99.65% 100%

100%

100%

100%

93.75%

Race of Participants

80 60

White Black Other Hispanic

40

ASBURY MEADOWS In March 2005, the Corporation was awarded Low Income Housing Tax Credits (LIHTC) from IFA and HOME funds from the Iowa Department of Economic Development to construct a 32-unit 2, 3 and 4 bedroom housing development for low to moderate income households in Asbury, Iowa.

The for-profit entity that was formed as a subsidiary of EIRHC, the Asbury E.I.R.P., L.L.L.P., is the General Partner in the housing project. The for-profit entity, Eastern Iowa Development Corporation (formerly known as Evergreen Meadows, Inc.), is a wholly owned subsidiary of the EIRHC. Lease-up of the units began July ‘06 with final lease-up October 2006. Asbury Meadows operates on a calendar year and experienced a 100% lease-up for CY ‘10. As of June 30, 2010, the complex was at 100% lease-up.

5%

4%

5

15%

11%

9%

10

Distribution of Income

27%

26%

Percent of Total Income

A new for-profit entity was formed as a subsidiary of EIRHC, the Eastern Iowa Regional Partnership, L.L.L.P., to act as the General Partner in the housing project. A for-profit entity, Eastern Iowa Development Corporation (formerly known as Evergreen Meadows, Inc.), was also developed and is a wholly owned subsidiary of the EIRHC. The open house for the development was conducted in May 2004 with its first tenant occupying the units in June 2004. Evergreen Meadows operates on a calendar year and experienced a 100% lease-up for CY ’10.

As of June 30, 2010, the complex was at 100% lease-up.

Income Ranges of Residents Percent of Households

Tax Credit Communities

PEOSTA EVERGREEN MEADOWS In March 2003, EIRHC was awarded Low Income Housing Tax Credits (LIHTC) from the Iowa Finance Authority and HOME funds from the Iowa Department of Economic Development to construct a 24-unit 2, 3 and 4 bedroom housing development for low to moderate income households in Peosta.

20 0

‘05

‘06

‘07

‘08

‘09

53% 33% 9% 5%

‘10

Calendar Year

Age of Participants 50

50% 48%

40

Evergreen Meadows Asbury Meadows

30 21%

20 8%

10

14% 10%

15% 10%

9%

4% 0

>12

13-17

8% 2%

18-25

26-35

36-50

Age Ranges

51-64

0% 1% 65+

70% 26% 4% 0%

Standard Presort U.S. Postage PAID Dubuque, Iowa Permit No. 477 Eastern Iowa Regional Housing Authority

Cedar - Clinton - Delaware - Dubuque - Jackson - Jones

7600 Commerce Park Dubuque IA 52002 FORWARDING SERVICE REQUESTED

ECIA

EIRHA-EIRHC Board of Directors - FY 11 Merrill (Bud) Smock, Chair Worthington, Iowa

Joanne Guise Delmar, Iowa

Linda Duesing, Vice-Chair DeWitt, Iowa

Sheri Hatfield Monticello, Iowa

Robert Brunkan, Treasurer Dyersville, Iowa Kelley Deutmeyer, Secretary EIRHA Executive Director Cliff Bunting Manchester, Iowa Rita Cavanagh Sabula, Iowa Llloyd Deahl Manchester, Iowa Kenneth Donovan Andrew, Iowa

Gary Hamilton Clarence, Iowa Steve Hines Clarence, Iowa Cheryl Kastantin Wheatland, Iowa Shelley Knepper Cascade, Iowa Lenfred Phelps Colesburg, Iowa Bill Rediger Dyersville, Iowa

EIDC Board of Directors - FY 11 Merrill Smock, President EIRHA/EIRHC Representative Worthington, Iowa Cliff Bunting, Vice President EIRHA/EIRHC Representative Manchester, Iowa Kelley Deutmeyer, Secretary ECIA Representative Dubuque, Iowa Carol Schmitt, Treasurer Peosta Representative Peosta, Iowa Bob Blok Asbury Representative Asbury, Iowa Amy Esterhuizen NICC Representative Peosta, Iowa

Libby Tuel Anamosa, Iowa

Linda Gaul Earlville, Iowa Mary Gibson Preston, Iowa

This calendar was printed on recycled paper.

There are six counties and 53 municipalities that are members of the Eastern Iowa Regional Housing Authority. Each county and/ or municipal government within the Authority area are represented by two commissioners appointed by the city or county. The Board of Directors are elected from Authority commissioners. The Board of Directors is responsible for the business and fiscal affairs of the Authority and approves policies for the Housing Authority.