Message from the Executive Director

The board and staff of the Iowa Finance Authority thank you for visiting our Web site. For more than 30 years we have provided Iowans with funds for affordable housing and, since the late 1980s, provided communities with funds for water infrastructure projects.

What started in 1975 as a small three-person shop has grown into a self-funding entity with more than 80 employees who deliver programs and initiatives important to the daily lives and well-being of Iowans.

An instrumentality of the state with separate and distinct powers, IFA manages $1.5 billion in assets related to homeownership, affordable rental housing, and water-quality infrastructure.

IFA attained an important milestone in September 2004 when Standard & Poor’s Rating Services (S&P) assigned the organization an Issuer Credit Rating of AA-. In December 2006 S&P reconfirmed that rating; however, in their newest opinion they revised their outlook to "positive." In their letter, S&P said: "The positive outlook reflects the strength of the authority's asset base, stable financial performance and superior management...Should the authority's financial performance continue, with improving trends and a leveling off of leverage ratios, the authority will be a candidate for a raised rating."

Thanks to the commitment and efforts of our employees and board members, IFA is well-positioned to maintain and strengthen its efforts on behalf of Iowa’s communities and citizens. We invite you to explore our Web site to learn about IFA’s mission, accomplishments and a history more than three decades in the making.

Sincerely,