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. 46, No. 19, March 20, 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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