Midwest Housing Equity Group Inc. announced today the closing of Iowa Fund VI with a total of $39.75 million in equity for affordable housing.

The equity raised in the fund will assist in the development of several properties and is intended to help create hundreds of units of affordable housing.

Investors include Bank of the West, Bankers Trust Co. of Des Moines, Capitol Federal Savings Bank, Farmers and Merchants Investment Inc., MidWestOne Bank, Northwestern Mutual Life Insurance Co., Principal Financial Group Inc., Seaboard Corp. and Wells Fargo & Co. For more information, click here.