A bill for an act removing the maximum annual amount of real estate transfer tax receipts that may be transferred into the housing trust fund.

HF 171 removes a $7 million annual cap on real estate transfer tax funds allocated to Iowa's Housing Trust Fund (HTF). Currently, 30% of these tax receipts must be sent to the HTF, but any amount exceeding $7 million annually is redirected to the general fund. This bill eliminates that $7 million limit, allowing all 30% of eligible tax receipts to flow directly into the HTF each year. The HTF supports affordable housing development and preservation for low-income Iowans and the Iowa Mortgage Help Initiative.