earmarks: 62
This data as json
| id | fiscal_year | chamber | member_name | member_last | member_first | bioguide_id | party | state | district | subcommittee | recipient | recipient_normalized | project_description | recipient_address | amount_requested |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 62 | 2022 | House | Cynthia Axne | Axne | Cynthia | A000378 | Democrat | IA | Transportation, Housing and Urban Development | The South End Housing Development Program | THE SOUTH END HOUSING DEVELOPMENT PROGRAM | The goal of this program is to create 75 to 100 new affordable housing units, which will translate into an estimated $40 million in new tax base, per year. Currently, the property is owned by the City and is vacant, which generates less than $1,000 in taxes (one home will need to be acquired.) An investment of $900,000 in taxpayer funds will have a 40x return on investment, annually. Additionally, building affordable housing will reduce the number of renters who are cost burned or severely cost burdened within the City, which could also reduce the need for federal, state, and local assistance programs. Iowa received approximately $8 million per year for affordable housing tax credits to attract developers. The State returns any unspent funding to the federal government and has returned millions of dollars when these tax credits were not enough to incentives affordable development over the previous years. The taxpayer savings Iowa has provided by returning this money more than pays for the funding request of less than a million. | 209 Pearl Street, Council Bluffs, IA 51503 | 904336 |