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Polk County staff outline proposals to spend remaining ERA2 funds on housing development and preservation
Summary
Staff recommended using roughly $15 million of remaining ERA2 development funds plus interest earnings for a package of projects — infill single‑family homes, a 160‑unit supportive housing hotel conversion, demolition assistance in Urbandale, and targeted purchases of small multifamily buildings — and asked for board guidance on allocations and RFPs.
County housing staff presented a multi‑part recommendation for how to use the county’s remaining Emergency Rental Assistance (ERA2) development dollars and related interest earnings, and asked supervisors to weigh several allocations that would move the funds toward new and preserved affordable housing.
Staff said the original Treasury distribution was $62,000,000, with 75% spent on direct rental assistance; they reported approximately $15,000,000 remains for affordable housing development and noted roughly $2.7 million in interest earnings. Staff said they elected to align reporting with HUD HOME rules and that Treasury…
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