Iowa Administrative Code
Agency 265 - Iowa Finance Authority
Chapter 29 - Disaster Recovery Housing Assistance
Rule 265-29.6 - Grant Terms
Current through Register Vol. 47, No. 13, December 25, 2024
Grants made under the program shall be subject to the following terms:
(1) Award calculation and maximum award.
(2) Priority of awards. The authority may prioritize awards of rent assistance to eligible renters earning 80 percent or less of the area median income for the county where the replacement housing is located.
(3) Disbursement. The authority will disburse rent assistance only after a complete application has been received, an award has been approved by the authority, and all applicable conditions for disbursement have been met, including the submission of documentation pertaining to the eligible expenses. Disbursements will be paid directly to the eligible renter's landlord, unless the authority determines that payment to the landlord is not feasible. If the authority determines it is not feasible to pay the eligible renter's landlord directly, the authority may disburse payment directly to the eligible renter.