Iowa Administrative Code
Agency 265 - Iowa Finance Authority
Chapter 29 - Disaster Recovery Housing Assistance
Rule 265-29.3 - Eligibility
Universal Citation: IA Admin Code 265-29.3
Current through Register Vol. 47, No. 13, December 25, 2024
(1) Eligible homeowners. To be eligible for a forgivable loan under the program, all of the following requirements shall apply:
a. The homeowner's disaster-affected home
must have sustained damage greater than the damage that is covered by the
homeowner's property and casualty insurance policy insuring the home plus any
other state or federal disaster-related financial assistance that the homeowner
is eligible to receive.
b. A local
official must either deem the disaster-affected home suitable for
rehabilitation or damaged beyond reasonable repair.
c. The disaster-affected home is not eligible
for buyout by the county or city where the disaster-affected home is located,
or the disaster-affected home is eligible for a buyout by the county or city
where the disaster-affected home is located but the homeowner is requesting a
forgivable loan for the repair or rehabilitation of the homeowner's
disaster-affected home in lieu of a buyout.
d. Assistance under the program must not
duplicate benefits provided by any local, state, or federaldisaster recovery
assistance program.
e. A homeowner
must be referred to the authority or to a local program administrator to be
considered for a financial assistance award.
(2) Eligible renters. To be eligible for a grant under the program, all of the following requirements shall apply:
a. A local program administrator
either deems the disaster-affected home of the renter suitable for
rehabilitation but unsuitable for current short-term habitation, or the
disaster-affected home is damaged beyond reasonable repair.
b. Assistance under the program must not
duplicate benefits provided by any local, state, or federal disaster recovery
assistance program.
c. A renter
must be referred to the authority or to a local program administrator to be
considered for a financial assistance award.
d. A renter must be a party to a written
lease.
e. The landlord must not
reside at the same address as the eligible renter.
(3) Registration required. To be considered for a forgivable loan or grant under the program, a homeowner or renter must register for the disaster case management program established pursuant to Iowa Code section 29C.20B. The disaster case manager may refer the homeowner or renter to the appropriate local program administrator.
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