Housing Trust Fund of Johnson County

What Housing Trust Fund of Johnson County does

The Housing Trust Fund of Johnson County (HTFJC) is a private 501(c)(3) nonprofit organization incorporated in 2002 and headquartered in Iowa City, Iowa. The organization provides flexible, below-market financing to support the development, rehabilitation, and preservation of affordable housing across Johnson County, Iowa. Its stated mission is to ensure "safe, decent and affordable housing for all in Johnson County," and it operates as the only entity in the county that addresses the full housing continuum from emergency shelter and transitional housing through rental and homeownership. The organization is governed by an 18-member Board of Directors and staffed by a small team led by Executive Director Ellen McCabe.

HTFJC operates two core programs. The Revolving Loan Program extends low-interest loans to eligible businesses, nonprofits, and governmental entities for affordable housing construction, rehabilitation, and transitional housing projects serving Johnson County residents with household income at or below 80% of Area Median Income. Maximum funding tiers range from $25,000 for new shelter beds up to $150,000 for new four-bedroom units, with proportionally smaller limits for rehabilitated units. The Home Rehab Program provides grants of approximately $15,000 in the form of five-year forgivable loans (receding at 20% per year) to individual homeowners for emergency repairs, exterior repairs, and accessibility modifications, awarded on a first-come, first-served basis. Since inception, HTFJC has awarded over $15 million in below-market loans and grants cumulatively.

HTFJC's revenue model is that of a revolving loan fund capitalized through a diversified set of public and private sources rather than market-rate pricing. Capitalization is sourced from the Iowa Finance Authority, the Johnson County Board of Supervisors, the cities of Iowa City, Coralville, and North Liberty, the Iowa City Housing Authority, the Community Foundation of Johnson County, and contributions from local banking institutions including Hills Bank, Bank of the West, GreenState Credit Union, U.S. Bank, Heartland Bank, First Interstate Bank, and CBI Bank & Trust, along with trade associations and individual donors. The organization runs a quarterly funding cycle for the Revolving Loan Program and a first-come, first-served intake for the Home Rehab Program, and partners with the East Central Iowa Council of Governments and the Federal Home Loan Bank of Des Moines on homeowner rehabilitation initiatives.

Name

Housing Trust Fund of Johnson County

Legal name

Housing Trust Fund of Johnson County

Website

https://htfjc.org

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1–10 employees

Short description

The Housing Trust Fund of Johnson County is a 501(c)(3) nonprofit that provides below-market loans and grants to finance affordable housing development, rehabilitation, and homeowner repairs for low- and moderate-income households in Johnson County, Iowa.

Ownership category

akta.pro rank

Product category

Affordable Housing Financing

NAICS

Community Housing Services (62422), Other Community Housing Services (624229)

SIC

Finance Services (6199), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)

akta.pro secondary industries

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC), Down Payment Assistance (DPA) & Homebuyer Subsidy Programs (FSALAKAE)

Keywords

• Affordable housing financing
• Revolving loan fund
• Community development lending
• Homeowner rehabilitation grants
• Nonprofit housing trust

Headquarters

HQ city

Iowa City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D

Revenue model

1. Revolving Loan Fund: The Housing Trust Fund operates a revolving loan program where repayments from previous loans are cycled back into the fund to provide continued financing for new affordable housing projects. The organization is capitalized through various public and private funding sources.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

The Housing Trust Fund of Johnson County is a 501(c)(3) nonprofit that provides flexible, below-market interest loans and grants to finance affordable housing construction, rehabilitation, and homeowner repairs in Johnson County, Iowa. It operates two core programs: a Revolving Loan Program serving nonprofits, businesses, and government entities developing affordable housing for households at or below 80% of Area Median Income, and a Home Rehab Program providing approximately $15,000 forgivable grants to eligible homeowners for necessary repairs.

Product overview

Housing Trust Fund of Johnson County operates as a private nonprofit organization offering two core programs: the Revolving Loan Program and the Home Rehab Program. The Revolving Loan Program provides flexible, below-market financing to nonprofits, businesses, and government entities for affordable housing development, while the Home Rehab Program assists individual homeowners with grants for necessary repairs. Together, these programs serve to address the housing needs of households at or below 80% of the area median income in Johnson County.

Differentiator

Problem solved

Functional benefit

Products and services

• Revolving Loan Program Provides below-market interest loans to eligible nonprofits, businesses, and governmental entities to finance construction or rehabilitation of affordable rental, owner-occupied, and transitional housing, as well as shelter facilities, serving Johnson County residents with household income at or below 80% of Area Median Income. Maximum funding tiers include: new units (shelter beds $25,000; studio/one-bedroom $75,000; two-bedroom $100,000; three-bedroom $125,000; four-bedroom $150,000) and rehabilitated units (shelter beds $12,500; studio/one-bedroom $37,500; two-bedroom $50,000; three-bedroom $62,500; four-bedroom $75,000). Operates as a revolving fund where repayments are recycled into new loans.
• Home Rehab Program

Quantifiable outcome

• Over $15 million in below market loans and grants awarded to date
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• East Central Iowa Council of Governments (ECICOG)coreStrategic or Co-development PartnerRegional council of governments that partners with HTFJC on housing programs, including the FHLB housing rehabilitation program and home rehab assistance.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Iowa Finance Authority: State-level housing finance agency that capitalizes HTFJC and administers statewide affordable housing programs including LIHTC allocation. Comparable as a public-purpose housing finance entity providing subsidized loans and down payment assistance, though operating at state rather than county scale.
• NeighborWorks America: National network of more than 250 nonprofit affordable housing and community development organizations. Comparable as an umbrella for local housing trust funds that provide revolving loan capital and homeowner rehabilitation programs.
• Enterprise Community Partners: National nonprofit and CDFI that finances and develops affordable housing across the U.S. Comparable as a mission-driven housing finance intermediary offering flexible capital and grants for affordable rental, homeownership, and community development projects.
• Federal Home Loan Bank of Des Moines: Wholesale funding partner that has provided over $479K to HTFJC for homeowner rehabilitation. Comparable as a housing finance institution channeling below-market capital to local affordable housing efforts through member banks.
• Local Initiatives Support Corporation (LISC): National CDFI supporting affordable housing and community development through local offices. Comparable as a nonprofit intermediary that pools public and private capital to deploy below-market loans and grants to local affordable housing projects.

Regional players

• Greater Iowa City Homebuilders Association: Regional trade association of homebuilders that provides financial support to HTFJC. Comparable as a regional industry partner aligned with affordable housing production in the Johnson County market.

Direct peers

• Community Foundation of Johnson County: Local community foundation that capitalizes HTFJC. Comparable as a Johnson County-based philanthropic funding partner that channels private donations to community development and affordable housing initiatives.
• National Housing Trust: National nonprofit that preserves and operates affordable rental housing. Comparable as a nonprofit housing finance and operating entity focused on affordable rental housing for low-income households.
• Iowa Valley Habitat for Humanity: Local Habitat for Humanity affiliate that received HTFJC funding for affordable home construction in Johnson County. Comparable as a nonprofit affordable housing provider operating in the same geography and serving overlapping low-income households.
• Shelter House: Iowa City-based homeless services nonprofit that received over $900K from HTFJC for Cross Park Place permanent supportive housing. Comparable as a local nonprofit serving Johnson County's lowest-income and chronically homeless households.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/pages/Housing-Trust-Fund-of-Johnson-County/199000490127351
• LinkedInlinkedin.com/company/housing-trust-fund-of-johnson-county

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Housing Trust Fund of Johnson County