EIRHA Annual Report

Eastern Iowa Regional Housing AuthorityE I R H A

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

2012 CalendarFiscal Year 2011 Annual Report

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.

Mis

sio

n

EIRH

A B

oard

Staff

Carl Reimer

Mindy Meyers

Mindy Wiley

Jenny Schrobi lgen

Maria Elgin

Lori Joester

Debbie Maier

Hol ly Specht

Tom Simpson

Leonard O ’Connel l

Sean O ’Malley

Housing Development Specialist

Family Support Coordinator/Site Manager

Family Support Coordinator/Site Manager

Housing Coordinator

Housing Specialist

Housing Specialist

Housing Specialist

Housing Manager

Maintenance Manager

Maintenance Manager

Maintenance Manager

[[email protected]]

[[email protected]]

[[email protected]]

[[email protected]]

[[email protected]]

[[email protected]]

[[email protected]]

[[email protected]]

[[email protected]]

[[email protected]]

[[email protected]]

Michel le Schnier

Kel ley Deutmeyer

Director of Housing and Support Services

ECIA Executive Director

[[email protected]]

[[email protected]]

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.

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.

[Al l f igures contained herein based on Fiscal Year 2011 unaudited f inancial statements]

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

Housing Choice Voucher$3,834,056

EIRHC - Tax Credit (Asbury Meadows)$209,102

ROSS Homeownership$68,000

ROSS Family Self-Sufficiency $64,802

EIRHC$355,064

2011 Program Operating Income

FY’10 CFP$227,531

Org

aniz

atio

n

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

Hous

ing

Choi

ce V

ouch

erIn 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.

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

HCV Assistance: Households Assisted by County

[July 1, 2010 - June 30, 2011]

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

[July 1, 2010 - June 30, 2011]

Delaware County13613%

Jackson County656%

Clinton County15816%

City of Maquoketa19019%

Delaware County$370,39711%

Clinton County$533,28317%

Dubuque County19219%

Jones County17817%

Jackson County$189,3786%

Cedar County9910%

Jones County$578,65218%

Dubuque County$657,19820%

Cedar County$290,0139%

City of Maquoketa$622,47319%

History of Housing Assistance Payment Lease-Up

105

100

95

90

85

80

75

Per

cent

‘99 ‘06‘05‘04‘03‘02‘01‘00

Fiscal Year

88.18%

87.19%

88.70%

101.62% 100.60%

99.52% 97.47%

95.46%

‘07

89.70%

‘08

97.17%

99.62%

‘09

97.02%

‘10 ‘11

98.94%

HCV C

lient

Pro

file

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.

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:

• 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

Per

cent

of H

ouse

hold

s

15

10

5

0$0 $1 -

$5,000$5,001 -$10,000

$10,001 -$15,000

$15,001 -$20,000

$20,001 -$25,000

35

30

25

20

40

7%

9%

38%

25%

13%

5%

Amount of Income

Distribution of Income

Welfare10%

SS/SSI/Pension41%

Wages 28%

Other17%

Zero Income4%

$25,000+

3%

Race of ParticipantsWhite

Black

Hispanic

93%

1%

6%

Bedroom Size Distribution

0

5

10

15

20

25

30

35

40

0 1 2 3 4

Number of Bedrooms

Per

cent

3% 4%

25%

38%

29%

Calendar Year

History of Housing Assistance Payment Expenditure

105

100

95

90

85

80

75

Per

cent

‘05 ‘06 ‘07

101.88%

97.53%99.05%

‘09‘08

100.67%98.92%

‘10

98.12%

1%

5+

110

Publ

ic H

ousi

ng P

rogr

amEIRHA 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 two-story building. Most of the developments have a waiting list.

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.

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.

Public Housing Operating Reserve

History of Public Housing Lease-Up Public Housing Payment in Lieu of Taxes

Am

ount

Fiscal Year

Per

cent

Fiscal Year

90

94

92

96

98

88

100

’99 ’00 ’02 ’03 ’04 ’05 ’0686

’07 ’08

95%

91%

95%

97%

98.80%

95%

98.64%

97%

98.16%

98.47%

Am

ount

Fiscal Year

$100,000

$300,000

$200,000

$400,000

$500,000

$600,000

$0’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08

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

$281,556$325,411

$518,394

$432,670

$577,254$552,130

$716,590$700,000

$800,000

$5,000

$10,000

$15,000

$20,000

$25,000

’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08

$21,648$19,120$19,302

$18,186

$19,725$19,535

$17,839$17,278

$18,483

$24,40098.42%

’09’01

’09

’09

$24,305

$603,428

’10

98.63%

’10

$492,801

’10

$22,669

98.93%

’11

’11

$418,835

$22,937

’11

PH C

lient

Pro

file

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.

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.

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).

Income Ranges of Public Housing Residents

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.

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.

RESIDENT PARTICIPATION

Distribution of Income

Per

cent

of H

ouse

hold

s

Amount of Income

$0 $1-$5,000

$5,001-$10,000

$10,001-$15,000

$15,001-$20,000

$20,001-$25,000

$25,000+

5

15

10

20

25

30

3%

13%

25%

28%

18%

10%

3%

Wages31%

Welfare6%

SS/SSI/Pension44%

Other17%

0

Zero Income2%

Race of ParticipantsWhiteBlack

Hispanic

96%

0%4%

0

5

10

15

20

25

30

35

40

0-5 6-17 18-50 51-61 62-82 83+

Age Ranges

12%

23%

41%

8% 11%

5%

45

Age of Participants

Per

cent

CFP

and

Oper

atin

g Su

bsid

y $350,000

Am

ount

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

Fiscal Year

2002 20102009200820072006200520042003

$243,402

$327,338$315,289

$304,790

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

$273,116

$317,823

Operating Subsidy

Capital Fund Program

Am

ount

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

Fiscal Year

02010099 09**

080706050403*

09

*includes incentive

**stimulus$2

64,1

77

$277

,518

$273

,080

$287

,485

$260

,679

$247

,602

$229

,019

$218

,316

$227

,429

$241

,335 $2

89,8

92$2

29,6

84

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.

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

Operating Subsidy FundsIn 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.

2011

$313,485

$227

,531

10

PH D

evel

opm

ents

Manchester Elderly-Disabled

22 one-bedroom apartments1 two-bedroom apartment

Family10 two-bedroom duplex units6 three-bedroom duplex units

4 three-bedroom single family homes2 four-bedroom single family homes

8 one-bedroom apartments

Miles Elderly-Disabled

14 one-bedroom apartments8 two-bedroom duplex units

Elderly-Disabled

8 one-bedroom apartmentsElderly-Disabled

16 one-bedroom apartmentsFamily

6 two-bedroom duplex units1 two-bedroom single family home

5 three-bedroom single family homes

DeWitt Elderly-Disabled

Bellevue Elderly-Disabled

12 one-bedroom apartments

Worthington Family

1 two-bedroom single family home1 three-bedroom single family home

Wheatland Elderly-Disabled

4 one-bedroom apartments

Delmar Family

1 two-bedroom single family home1 three-bedroom single family home

Preston Family

4 two-bedroom duplex units2 three-bedroom single family homes

Peosta Family

6 two-bedroom duplex units2 three-bedroom duplex units

2 two-bedroom duplex units

2 two-bedroom duplex units

1 two-bedroom duplex unit1 three-bedroom duplex unit

1 two-bedroom single family home1 three-bedroom single family home

Hopkinton Family

Holy Cross Family

Colesburg Family

Dyersville Family

5 three-bedroom single family homes2 four-bedroom single family homes

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

Sabula Family

Fam

ily/

Elde

rly

Self-S

uffici

ency

Family and Elderly Self-Sufficiency ProgramsIn 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.

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 self-sufficiency 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.

ROSS FSS Summary

YearNumber of Mandatory Participants

Number of Completions

Award

2004 50 0 $56,5122005 49 1 $61,0832006 42 8 $61,0832007 42 8 $61,0832008 39 11 $62,9152009 38 12 $64,8022010 36 14 $66,746

Section 8 FSS Summary

YearNumber of Mandatory Participants

Number of Completions

Award

1997 50 0 $39,0001998 48 2 $39,2801999 36 14 $41,6722000 25 25 $42,9222001 24 26 $44,2102002 18 32 $45,5362003 13 37 $47,2692004 9 41 $47,7432005 6 44 $56,5122006 0 50 $61,0832007 0 55 $65,0002008 0 58 $65,6502009 0 64 $66,3072010 0 74 $100,124

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.[S

ucce

ss!]

Hom

e Ow

ners

hip

Public Housing Home Ownership ProgramThrough EIRHA’s Public Housing Home Ownership Program, first-time 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 ProjectsManchester Single - Family Home ConstructionThree 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 ConstructionFive 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 RehabExisting 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 CounselingOn 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, pre-purchase counseling, and home improvement and rehabilitation counseling in accordance with its counseling plans.

ROSS Family and Home Ownership GrantOn 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 HousingIn 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

Adm

inis

trat

ive

Plan

nnin

g

10

20

30

40

50

60

70

80

90

100

EIRHA SEMAP Scoring History

2001 2008200720062005200420032002

100%100%100%100%100%100%100%

84%

Per

cent

Year

Stream-Lined Annual PlanEIRHA 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.

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.

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 PHAS Scoring History

1999 2000 2001 2002 2003 2005

Year

Per

cent

10

20

30

40

50

60

70

80

90

100

56%

82%

89%94% 94% 95%

2007

95% 93%

2010

2009 20100

100%96%

East

ern

Iow

a Re

gion

al H

ousi

ng C

orpo

ration

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.

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.

Worthington West Ridge and Grand Mound Churchview USDA UnitsEIRHC 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 AgreementOn 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.

USDA-Funded Units Lease-Up History

Grand MoundWorthington

97%

96%

95%

100%

98%

’03 ’04 ’05

99%

100%

98%

99%

Per

cent

Fiscal Year

100% 100%

’06

100%

’07

100%

’08

100%

98.62%

’09 ’10

100%

’11

100% 100%

Tax

Cred

it C

omm

unitie

s

Calendar Year

Income SourceAmount of Income

PEOSTA EVERGREEN MEADOWSIn 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.

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.

ASBURY MEADOWSIn 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.

Distribution of Income

$1-$5,000

$5,001-$10,000

$10,001-$15,000

$15,001-$20,000

$20,001-$25,000

$25,000+

5

15

20

25

10

30

0

20

10

30

40

50

Evergreen MeadowsAsbury Meadows

Per

cent

of H

ouse

hold

s

Wages Welfare SS/SSI/Pension

Other

Per

cent

of T

otal

Inco

me 56%

29%

15%

48%

6%9%

15%

22%

26%

4%

22%

15%

5%

18%

9% 11%

33%

27%

15%

Income Ranges of Residents

0

100

20

60

40

80

95.49%93.75%

99.65% 100%100%

Lease-Up History

‘05 ‘06 ‘07 ‘08 ‘09

100%

35

Race of ParticipantsWhiteBlackOther

Hispanic

53%

0%4%26%70%

5%9%33%

Age Ranges>12 13-17 18-25 26-35 36-50 51-64 65+

10%

50%

9%14%

8% 8%

21%

10%

15%

0%4%

2% 1%

Age of Participants

0

50

10

30

20

40

48%

‘10

100%

60

0

Eastern Iowa Regional Housing AuthorityCedar - Clinton - Delaware - Dubuque - Jackson - Jones

7600 Commerce ParkDubuque IA 52002

FORWARDING SERVICE REQUESTED

Standard PresortU.S. Postage

PAIDDubuque, Iowa

Permit No. 477

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.

EIRHA-EIRHC Board of Directors - FY 11

Merrill (Bud) Smock, Chair Worthington, Iowa

Linda Duesing, Vice-Chair DeWitt, Iowa

Robert Brunkan, TreasurerDyersville, Iowa

Kelley Deutmeyer, Secretary EIRHA ExecutiveDirector

Cliff BuntingManchester, Iowa

Rita CavanaghSabula, Iowa

Llloyd DeahlManchester, Iowa

Kenneth DonovanAndrew, Iowa

Linda GaulEarlville, Iowa

Mary GibsonPreston, Iowa

Joanne GuiseDelmar, Iowa

Sheri HatfieldMonticello, Iowa

Gary HamiltonClarence, Iowa

Steve HinesClarence, Iowa

Cheryl KastantinWheatland, Iowa

Shelley KnepperCascade, Iowa

Lenfred PhelpsColesburg, Iowa

Bill RedigerDyersville, Iowa

Libby TuelAnamosa, Iowa

EIDC Board of Directors - FY 11Merrill Smock, PresidentEIRHA/EIRHC RepresentativeWorthington, Iowa

Cliff Bunting, Vice President EIRHA/EIRHC RepresentativeManchester, Iowa

Kelley Deutmeyer, Secretary ECIA RepresentativeDubuque, Iowa

Carol Schmitt, TreasurerPeosta RepresentativePeosta, Iowa

Bob Blok Asbury RepresentativeAsbury, Iowa

Amy Esterhuizen NICC RepresentativePeosta, Iowa

ECIA

This calendar was printed on recycled paper.