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Eastern Iowa Regional Housing Authority

Housing Choice Voucher Home Ownership Self Sufficiency Housing Development Public Housing

2007 Calendar2006 Annual Report

MESSAGEFROM THE

DIRECTORS

Michelle SchnierDirector of Housing &Support Services

Kelley DeutmeyerExecutive Director

he 2006 Fiscal Year was the first complete year of the Housing Choice Voucher Program on a budget-based funding system anda change to calendar year reporting as opposed to fiscal year end reporting. Due to the changes in the Federal Department of

Housing and Urban Development (HUD) regulations, EIRHA was forced to reduce its number of households assisted to 843 rather thanthe 883 in years past. This was done through attrition so no participants were directly affected by the change in program funding andreporting. As the calendar year 2005 came to an end, the program expenditures were at 101.88%. With the first half of the calendaryear 2006, the program expenditures are at 51.16% with a target percentage of 50%. Staff is challenged with balancing the numberand expenditures on a monthly basis.

In addition to the Voucher program, the Public Housing Program experienced a 97% lease-up rate for the fiscal year. Our unitscontinue to serve families well during the transitional times in their lives.

The Homeownership programs were very popular and successful this year. We had eight families in FY’06 utilize their Section 8Housing Choice Voucher (HCV) assistance towards a monthly mortgage payment as opposed to a monthly rental payment. The PublicHousing program had two additional families achieve the dream of owning their home as they purchased their public housing unitsbringing the total to five units sold since 2003. We are proud to report that EIRHA leads the state in the number of homeownershipparticipants.

We are also very proud of our five new construction homes we built and sold this fiscal year. Four in the city of Asbury and one inManchester! All homes were priced under $140,000 and were sold to local families.

The Eastern Iowa Regional Housing Corporation entered into its second full year of tax credit compliance with the Peosta EvergreenMeadows 24 units of low- to moderate-income family housing. Construction of the 32 unit Tax Credit complex in Asbury, Iowa wascompleted in June 2006 with families projected to move in by July 1, 2006. Prior to lease-up we had over 100 households on thewaiting list, without advertising. EIRHC also owns and operates ten units of United States Department of Agriculture (USDA) seniorhousing in Worthington and Grand Mound and experienced a 100% lease-up rate for the year.

In the year ahead, staff will continue to work at ensuring that all program funds are utilized in the Section 8 HCV program to maximizethe number of households assisted, and maintain a 97% or above lease-up on the Public Housing, Tax Credit and USDA properties.The Authority will also continue to explore other housing opportunities for our clients while keeping EIRHA homeownership at theforefront of assisting additional households in pursuing the American dream of owning their own home.

T

www.ecia.org/eirha

EIRHA Staff

Lori JoesterHousing [email protected]

Mindy MeyersFamily Support Coordinator/

Site [email protected]

Tom SimpsonMaintenance Manager

Jim LoneyMaintenance Manager

Leonard O’ConnellMaintenance Assistant

EIRHA STAFF

Holly KueterHousing [email protected]

Carl ReimerHomeownership/HousingDevelopment Specialist

[email protected]

Linda HilkeyPublic Housing Manager

Manchester [email protected]

Jenny SchrobilgenHousing [email protected]

Debbie MaierHousing [email protected]

Maria ElginHousing [email protected]

Mindy WileyFamily Support Coordinator/

Site [email protected]

All figures contained herein based on Fiscal Year 2006 unauditedfinancial statements.

EIRHA 2006 Program Operating Income

Public Housing Operating Subsidy$283,699

FY’05 CFP$241,335

Section 8 Family Self-Sufficiency$61,083

Housing ChoiceVoucher$3,282,250

The pie chart depicts thefiscal year 2006 programsand funding sources, as wellas the amount of operatingincome.

E

ORGANIZATIONAND

MISSION STATEMENT

ROSS Family Self-Sufficiency$61,083

In order to achieve this mission, we will:« recognize residents as our ultimate customer;« improve public housing authority management and

service delivery through effective and efficientmanagement of housing authority staff;

« seek problem-solving partnerships with residents,landlords, community and government leadership; and

« apply limited housing authority resources to theeffective and efficient management and operation ofthe Housing Choice Voucher and Public Housing programs.

stablished in 1978, the Eastern Iowa Regional Housing Authority (EIRHA) operates as a division of East CentralIntergovernmental 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 Dubuque, Delaware,Cedar, Jackson and Clinton Counties. In 1992, Jones County became a member of EIRHA. In 2004, EIRHA entered into aMemorandum of Understanding with the city of Maquoketa to assume the responsibilities under their Annual ContributionsContract, thereby, including Maquoketa under its scope of services. The only cities EIRHA does not serve in this region areDubuque 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, thereare several other programs and sources of funding.

The goal of EIRHA is to provide decent, safe, and affordable rental housing for eligible families and to provide opportunities andpromote self-sufficiency, economic independence, and homeownership opportunities for Housing Choice Voucher participants andPublic Housing residents.

EIRHC - USDA Units$12,789

Public Housing $354,354

EIRHC - Tax Credit (Evergreen Meadows)$13,723

EIRHC $244,582

Housing Choice Voucher Assistance by CountyJuly 1, 2005-June 30, 2006

Jones County$405,96915%

Cedar County$245,2058%

Jackson County$211,3077%

City of Maquoketa$494,99618%

Clinton County$408,16815%

Delaware County$380,16214%

Dubuque County$629,39223%

Housing Choice Voucher Assistance:Households Assisted by County

July 1, 2005-June 30, 2006Dubuque County21719%

Delaware County17515%

Clinton County18416%

City of Maquoketa20618%

Jackson County908%

Cedar County1189%

Jones County18115%

n January 2005, the Housing Choice Voucher (HCV) program became completely budget based. EIRHA has a contract with theDepartment of Housing and Urban Development (HUD) to serve 883 families and has a calendar year budget of $2,575,496 in

Housing Assistance Payments (HAP) that cannot be exceeded. As a result of this, fewer families were served due to the rising perunit cost and the budget-based reporting requirements of HUD.

The HCV program is designed to meet the needs of low-income families and elderly by providing rental assistance in their existinghousing units. The participating family chooses a decent, safe, and sanitary rental unit. EIRHA makes monthly rental payments onbehalf of the tenant to the landlord to assist the household with their rent. Participating households pay a minimum of 30% of theiradjusted income or $50.00, whichever is greater, toward rent and utilities. The rental unit must pass a Housing Quality Standardinspection and fall within HUD’s Payment Standard Schedule. Households are allowed to select a housing unit anywhere in the sixcounty 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. Over1,171 households benefited from the rental assistance program during the fiscal year.

I

HOUSING CHOICEVOUCHER PROGRAM

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 ‘06 was $2,775,199.

The pie chartsdepict the totaldollar amount

of rentalassistanceprovided tohouseholdswithin each

county and thetotal number of

householdsassisted bycounty forfiscal year

2006.

o qualify for the Section 8 Housing Choice Voucher program, the family’s income may not exceed 50% of the median incomefor their county, using income guidelines established by HUD. EIRHA staff serves as a liaison between the program participant

and the landlord. In fiscal year ’06, EIRHA’s average monthly housing assistance payment sent to landlords was $274.91, with anaverage expenditure rate of approximately 102.32% for the first half of the calendar year.

Since 2002, EIRHA has had a waiting list for program services. At the end of fiscal year ’06, 573 households were on the waitinglist with an average wait of 9-12 months. Applicants are served in order by date and time of application. In addition, EIRHA hasselected the following local preferences:

« Preference is given to individuals interested in the Section 8 Housing Choice Voucher Homeownership Program that have successfullycompleted the required homeownership paperwork and have attended and completed a HUD-approved housing counseling session(3 preference points).

« City of Maquoketa residents are given priority for the 156 city of Maquoketa vouchers (2 preference points). Individuals must reside within thecity of Maquoketa to receive this preference. When the 156 vouchers are fully under lease in the city of Maquoketa, the city of Maquoketaresidents will receive rental assistance in accordance with the date and time of their pre-application. Staff reviews the waiting list and servesindividuals in accordance with the date and time of their pre-application.

« Residency preference for families who live in Dubuque, Delaware, Jackson, Cedar, Clinton and Jones counties (1 preference point).« Preference to any family that has been terminated from its 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 drugrelated or violent criminal activity during the past three years.

T

Income Ranges of Housing ChoiceVoucher Residents

Perc

ent

of H

ouse

holds

Amount of Income

5

15

10

2025

30

45

40

35

4%

11%

46%

26%

9%3%

1%

$0 $1-$5,000

$5,001-$10,000

$10,001-$15,000

$15,001-$20,000

$20,001-$25,000

$25,000+

Distribution of Income

Wages38%

Welfare12%

SS/SSI/Pension46%Other

4%

HOUSING CHOICE VOUCHERCLIENT PROFILE

50

Perc

ent

History of Housing AssistancePayment Lease-Up/Expenditure

Fiscal Year’97 ‘98 ‘99 ‘00 ‘01 ‘02 ’03 ’04

80

75

85

90

95

100

105

88.30% 87.90%

94.79%

88.18% 87.19%88.70%

101.62% 100.60%

99.52%97.47%

’05 ’06

95.46%

101.72% 102.32%

Average Expenditure Rate for CY ‘05Average Expenditure Rate for CY ‘06

’96

E

PUBLIC HOUSINGPROGRAM

’97

Public HousingOperating Reserve

Amou

nt

Fiscal Year

$100,000

$300,000

$200,000

$400,000

$500,000

$600,000

$0

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

$102,173$97,809

’98 ’99 ’00 ’01 ’02 ’03 ’04

$281,556$325,411

$518,394

Public HousingPayment in Lieu of Taxes

Amou

nt

Fiscal Year

$5,000

$10,000

$15,000

$20,000

$25,000$21,648

$19,120$19,302$18,317

$18,870

’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04

$18,186

$19,725$19,535

$432,670$17,839

’05

IRHA currently owns and manages 163 public housing units located in Dyersville, Bellevue, Manchester, Colesburg, Miles,Sabula, DeWitt, Holy Cross, Hopkinton, Worthington, Delmar, Preston, Peosta, and Wheatland. Overall, a 97% occupancy level

is maintained. There are 84 units of elderly and 79 units of family housing. The family housing is scattered-site single family homesand duplexes. The senior developments range in size from 4-plexes to a 22 unit two-story building with an on-site managerapartment in Manchester. Most of the developments do not have a waiting list.

For fiscal year ’06, EIRHA’s Operating Budget was $354,354 and Operating Subsidy was $283,699. EIRHA uses rental receipts tomanage and maintain the units. $95,140 was paid for utility costs, $280,257 for maintenance and operations, and $341,928 waspaid for administrative and other expenses. The decrease in administrative expenses was the result of the ECIA constructioncontract with TRICON for oversight of the Asbury Meadows Tax Credit Project. Three housing staff coded time to this project asopposed to Public Housing.

Although EIRHA is a tax exempt organization, approximately $17,278 was paid to local governments for payments in lieu oftaxes. The public housing program has an operating reserve of $577,254. The reserve funds are used to build new single familyhomes that are then sold to qualifying families that are below the 80% of the county median income guideline.

’05 ’06

$17,278

’06

$577,254

History of PublicHousing Lease-Up

Perc

ent

Fiscal Year

90

94

92

96

98

88

95%95%95%

91%

95%

98.80%

97%

98.64%

100

’98 ’99 ’00 ‘01 ’02 ’03 ’04 ’05 ’06

97%

T

PUBLIC HOUSINGCLIENT PROFILE

Income Ranges of PublicHousing Residents

Perc

ent of

Hou

seho

lds

Amount of Income

1%

9%

26%

41%

15%

5% 3%

$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

45

40

35


Wages39%

Welfare16%

SS/SSI/Pension24%

Other21%

o qualify for the Public Housing program, a household’s income cannot exceed 80% of the median income 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 ’06 was$146.73.

Residents that are working or have a higher income have a choice of paying rent based on the 30% formula or a flat rent. TheEIRHA Board of Directors adopted HUD’s published fair market rents based on bedroom size as EIRHA’s flat rental rates.

Based on statistical data, approximately 75% of the households admitted to the public housing program are considered extremelylow income (at or below 30% of the area median income adjusted for family size).

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

In fiscal year ’06, these funds provided board meeting refreshments, attendance assistance (used to offset transportation andchildcare costs of attendees), and the distribution of a quarterly newsletter for all public housing residents.

RESIDENT PARTICIPATION

CAPITAL FUND PROGRAMIn recent years, major improvements to the public housing units have been necessary to ensure their long-term viability. EIRHA hasbeen successful in receiving Capital Fund Program (CFP) dollars from HUD to finance these capital improvements. Funds are awardedon a formula basis to housing authorities to plan for their capital improvements over a five-year period.

EIRHA received a contract for $241,335 for the 2005 CFP. The award was funded in fiscal year ‘06 and included the following upgrades:« installation of master locks on all units« replacement of water heaters in three single family units« replacement of boiler at Sabula Elderly« purchase of Maintenance vehicles and lawn care equipment« purchase of carpet cleaner« replacement of community room chairs at Dyersville Elderly« purchase of new office equipment for Administrative office (phones, file cabinets, conference room tables and chairs)« insulation of attics in Elderly units« sidewalk replacement at Elderly units« replacement of flooring in units

OPERATING SUBSIDY FUNDSIn November 2001, EIRHA beganreceiving Operating Subsidy Fundsfor the Public Housing program. TheOperating Fund program wasestablished under QHWRA, section519. The operating fund providessubsidies to local housing authoritiesto assist in funding the operatingand maintenance expenses of theirproperties. The subsidies arerequired to help maintain servicesand provide minimum operatingreserves.

CFP & OPERATINGSUBSIDY FUNDS

Capital Fund Program

Amou

nt

Fiscal Year

$0

$50,000

$100,000

$150,000

‘01‘00 ‘02(includesincentive)

‘04

$250,000

‘96

$300,000

$350,000

$128,166

$152,329

$0

$50,000

$287,485

‘05

$273,080

‘94 ‘95 ‘97 ‘98 ‘99

$277,518$264,177

$260,679$247,602

$241,335Operating Subsidy

Amou

nt

Fiscal Year

$230,000

$250,000

$240,000

$260,000

$270,000

$280,000$273,116

$243,402

’02 ’03 ’04 ’05

$267,213

$284,454$290,000

’06

$283,699

$200,000

IRHA owns and manages 163 public housing units within the communities as listed:E

PUBLIC HOUSINGDEVELOPMENTS

Family2 two-bedroom duplex units

Holy Cross

Elderly/Disabled4 one-bedroom apartments

Wheatland


Colesburg

Family1 two-bedroom single family home

1 three-bedroom single family home

Delmar


2 three-bedroom single family homes

Preston

Family1 two-bedroom duplex unit

1 three-bedroom duplex unit1 two-bedroom single family home


Hopkinton


Family10 two-bedroom duplex units6 three-bedroom duplex units

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

Manchester


Miles


Bellevue

Family1 two-bedroom single family home


Worthington


2 three-bedroom duplex units

Peosta



2 three-bedroom duplex units

Sabula



1 two-bedroom single family home5 three-bedroom single family homes

DeWitt



1 two-bedroom single family home4 three-bedroom single family homes2 four-bedroom single family homes

Dyersville

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 taskforce groups in the region to obtain the needed services to assist participating families with reaching economic self-sufficiency. Services offeredthrough these grants include motivational training, career counseling, employment skills training, budgeting/financial aid, household managementcounseling, and personal development counseling. The program is designed to promote employment and offer an opportunity to save moneyamongst participating families.

Participating households can earn a savings account through increases in their earned income while participating in the FSS program. The savingsaccount is called an “escrow account”. As a family increases their earnings through employment, an amount equal to 30% of that increase isdeposited 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 the Eastern Iowa Regional Housing Authority had a $61,083 grant from HUD for funding a service coordinator for the Section 8Housing Choice Voucher FSS program. The grant has been funded on a yearly basis since 1997. At fiscal year end, EIRHA had over $31,648.55 inescrow accounts for participating households. That is an average of $2,260.61 per household.

ROSS Public Housing Family Self-Sufficiency (FSS)EIRHA was awarded $61,083 for the fiscal year ‘05 ROSS Public Housing Family Self-Sufficiency program to support one full-time position. Thegrant has been funded on a yearly basis since May 2005. At fiscal year end, EIRHA held over $5,355.33 in escrow accounts for participatinghouseholds. That is an average of $892.55 per household. The program has had two successful completions and currently has 48 out of the 50mandatory slots remaining.

Elderly Self-Sufficiency (ESS)Since February 2002, EIRHA has operatedan Elderly Self-Sufficiency Program for thePublic Housing residents. This program isdesigned to assist the elderly with socialand daily living skills. Activities includebingo, potlucks, one-on-one counseling,referrals to needed services and otherservices, as appropriate.

FAMILY & ELDERLYSELF-SUFFICIENCY

successful completions

Family Self-Sufficiency Funding

Section 8 ROSS

‘98 ‘99 ‘00 ‘01 ‘02 ‘03 ‘04 ‘05Fiscal Year

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$0

Section 8 Family Self-Sufficiency Program

Num

ber

10

30

20

40

50

14

April1998

April1999

April2000

April2001

April2002

April2003

April2004

48

36

25 26

1825

13

60

32

9

37HUD-mandatory slots

April2005

6

4441

2

24

April2006

0

50

Year

Num

ber $41,672 $42,922 $44,210

$45,536 $47,269 $47,742

$56,512$61,083

Public Housing Home OwnershipThrough EIRHA’s Public Housing Home Ownership Program, first-time home buying low-income households are given theopportunity to purchase their public housing units. Of the 163 public housing units, 29 are single family scattered-site unitslocated 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; three units were located in the cityof Manchester and two in the city of Dyersville.

Housing Choice Voucher Home Ownership ProgramSince July 1, 2003, EIRHA has implemented a Housing Choice Voucher Home Ownership program. The plan states that EIRHAwill assist fifteen current voucher recipients with home ownership. To date, eight families have been assisted with the purchaseof their own home through the HCV home ownership program. In accordance with the program regulations, monthly rentalassistance can now be used to assist a participating household with making their mortgage payments rather than paying aportion of their monthly rent.

Housing Development ProjectsManchester Single - Family Home ConstructionFour lots were purchased on Marion Street in Manchester, Iowa to construct new single family homes. The first single familyhome was completed in May 2005 and sold in May 2006 to a qualifying home buyer.

Asbury Single - Family Home ConstructionFive single family lots were purchased on Trenton Street in the City of Asbury. Four of the homes have been sold to qualifyinghome buyers. The fifth home has a signed purchase agreement and is currently under construction.

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

American Dream Downpayment Initiative (ADDI)EIRHA has utilized $44,000 of the $99,000 awarded in ADDI funds by the Iowa Department of Economic Development. Thesefunds are used to assist 9 families with $10,000 down payment assistance to purchase the Manchester and Asbury singlefamily new construction.

HOME OWNERSHIPPROGRAMS

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

Public Housing Assessment System (PHAS)EIRHA is required each year to complete an assessment of its physical,financial, resident services, and management operations providing HUDwith the data to award an overall PHAS score based on the indicatorscores. PHAS is fundamentally designed to provide relevant and verifiablemeasures that directly relate to a public housing authority’s performanceand that result in an accurate and reliable score. The improvedassessment process allows HUD to target its oversight resources onthose housing authorities most in need of attention; high performinghousing authorities receive recognition, along with reduced HUD scrutinyand additional flexibility. Small agencies with less than 250 public housingunits are now being evaluated under the PHAS every other year insteadof annually.

Section 8 Management Assessment Program (SEMAP)The purpose of the SEMAP is to measure Public Housing Authoritymanagement performance in 14 key areas of the Housing ChoiceVoucher tenant-based assistance program. SEMAP enables HUD toensure program integrity and accountability by identifying PHAmanagement capabilities and deficiencies, and by improving riskassessment to effectively target monitoring and program assistance.

ADMINISTRATIVEPLANNING

1999 2000 2001 2002 2003 2005

Year

Perc

ent

10

20

30

40

50

60

70

80

90

100

EIRHA PHAS Scoring History

Year

Perc

ent

2001 2002 2003 2004 200510

20

30

40

50

60

70

80

90

100

EIRHA SEMAP Scoring History

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. Itspurpose is to promote the general social welfare of eligible occupants of rental housing as determined by the USDA, IFA, and IDEDregulations, without regard to race, color, religion, creed or national origin; to acquire, construct, improve, and operate any real orpersonal property or interest or rights.

The Board of Directors is a mirror image of the EIRHA Board of Directors, with members representing the six counties in the region aswell as representation from tenants. The Corporation is the same staff as EIRHA, which is staffed by ECIA.

Westridge and Churchview USDA UnitsEIRHC owns and manages ten USDA funded elderly housing units, with an annual budget of approximately $30,000. Servicesprovided for the elderly tenants include counseling, referrals, and community activities. 100% lease-up was maintained at both sitesfor fiscal year ‘06.

EASTERN IOWA REGIONALHOUSING CORPORATION

USDA-Funded UnitsLease-Up History

97%

96%

95%

100%

98%

’03 ’04 ’05

99%

100%

98%

99%

Perc

ent

Fiscal YearGrand MoundWorthington

100%100%

’06

100%

PEOSTA EVERGREEN MEADOWSIn March 2003, the Corporation was awarded Low Income Housing Tax Credits (LIHTC) from the Iowa Finance Authority and HOMEfunds from the Iowa Department of Economic Development to construct a 24-unit 2, 3 and 4 bedroom housing development forlow to moderate income households in Peosta, Iowa.

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 GeneralPartner 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 inMay 2004 with its first tenant occupying the units in June 2004. Evergreen Meadows operates on a calendar year and experienced a95.49% lease-up for CY’05. As of June 30, 2006, the complex was at 97% lease-up.

TAX CREDIT PROJECTS

ASBURY MEADOWSIn March 2005, the Corporation was awarded Low Income Housing Tax Credits (LIHTC) from the Iowa Finance Authority andHOME funds from the Iowa Department of Economic Development to construct a 32-unit 2, 3 and 4 bedroom housingdevelopment for low to moderate income households in Asbury, Iowa.

The for-profit entity that was formed as a subsidiary of EIRHC, the Eastern Iowa Regional Partnership, L.L.L.P., is the GeneralPartner in the housing project. The for-profit entity, Eastern Iowa DevelopmentCorporation (formerly known as EvergreenMeadows, Inc.), is a wholly ownedsubsidiary of the EIRHC. Lease-up of theunits is projected for July ‘06.

Income Ranges of Peosta EvergreenMeadows Residents

Perc

ent

of H

ouse

holds

Amount of Income

14%

24% 24%24%

5%

10%

$0 $1-$5,000

$5,001-$10,000

$10,001-$15,000

$15,001-$20,000

$20,001-$25,000

$25,000+

10

5

20

25

30

15


Wages62%

Welfare17%

SS/SSI/Pension3%

Other18%

Peosta Evergreen Meadows

3999 Pennsylvania Avenue, Suite 200Dubuque IA 52002

FORWARDING SERVICE REQUESTED

Standard PresortU.S. Postage

PAIDDubuque, IowaPermit No. 477

There are six counties and 53 municipalities that are members of theEastern Iowa Regional Housing Authority. Each county and/or municipalgovernment within the Authority area are represented by twocommissioners appointed by thecity or county. The Board ofDirectors are elected fromAuthority commissioners. TheBoard of Directors is responsible forthe business and fiscal affairs ofthe Authority and approves policiesfor the Housing Authority.

Merrill “Bud” Smock, ChairWorthington, Iowa

Linda Duesing, Vice-ChairDeWitt, Iowa

Robert Brunkan, TreasurerDyersville, Iowa

Kelley Deutmeyer, SecretaryEIRHA Executive Director

Cliff BuntingManchester, Iowa

Rita CavanaghSabula, Iowa

Kenneth DonovanAndrew, Iowa

Linda WalkerMechanicsville, Iowa

Roger HansonManchester, Iowa

Sheri HatfieldMonticello, Iowa

Cheryl KastantinWheatland, Iowa

Bill RedigerDyersville, Iowa

Jennifer FischerAnamosa, Iowa

Joanne GuiseDelmar, Iowa

Mary GibsonPreston, Iowa

Linda GaulEarlville, Iowa

FY2006 EIRHA Board of Directors

Merrill Smock, PresidentEIRHA/EIRHC RepresentativeWorthington, Iowa

Cliff Bunting, Vice PresidentEIRHA/EIRHC RepresentativeManchester, Iowa

Kelley Deutmeyer, SecretaryECIA RepresentativeDubuque, Iowa

Carol Schmitt, TreasurerPeosta RepresentativePeosta, Iowa

Jerry WesthoffAsbury RepresentativeAsbury, Iowa

Cindy O’BryonNICC RepresentativePeosta, Iowa

Serving Cedar, Clinton, Delaware, Dubuque, Jackson, and Jones Counties

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