Finance
Iowa's Home Improvement Loan programs administered by local governments or CDFIs help:
AOnly new homebuyers purchase their first home
BExisting homeowners, particularly low- and moderate-income residents, fund repairs and improvements to maintain housing quality✓ Correct
CInvestors acquire multiple properties for rental
DCommercial developers build mixed-use projects
Explanation
Iowa community development organizations, cities, and Community Development Financial Institutions (CDFIs) offer low-interest home improvement loan programs to help existing homeowners — especially lower-income residents — fund necessary repairs and improvements.
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