IAMU Informer
Follow IAMU!
  • Informer News Feed
  • IAMU Website

Reynolds Announces Additional Support for COVID-19-Impacted Renters and Homeowners at Risk of Eviction or Foreclosure

11/19/2020

0 Comments

 
Deadline for Mortgage, Rent and Utility Assistance: December 4th

Governor Reynolds announced an additional allocation of CARES Act funds to support Iowa renters and homeowners at-risk of eviction or foreclosure due to a COVID-19-related loss of income. The Iowa Eviction and Foreclosure Prevention program has now been allocated a total of $37.4 million, with approximately $8 million remaining available. The deadline to apply for rent and mortgage assistance as well as utility assistance through the Iowa Residential Utility Disruption Prevention program is Dec. 4, 2020. 

“At no fault of their own, many Iowans are struggling to pay their bills as a result of lost income due to the COVID-19 pandemic,” said Gov. Reynolds. “Today’s announcement bolsters the Iowa Eviction and Foreclosure Prevention program, which is helping Iowa homeowners and renters make their rent or mortgage payments. Our team will continue to assist Iowans in accessing this critical assistance as the Dec. 4th deadline approaches.” 

“Nearly 11,000 renters and 500 homeowners have received assistance with their rent or mortgage payments and another 2,800 have applied for utility assistance to date,” said IEDA and IFA Executive Director Debi Durham. “Our goal is to assist as many Iowans that have been impacted by COVID-19 and are at-risk of eviction, foreclosure or utility disruption as possible.”

The programs are funded through federal CARES Act funds, which requires that all funds be expended by Dec. 30, 2020. 

To be eligible for either program: 
  • Must have a documented COVID-19-related loss of income on or after March 17, 2020. 
  • Household income at the time of application may not exceed 80% median family income, which varies by county and household size and is included in the applications.

    Eviction and Foreclosure Prevention Program
    The program provides current renters and homeowners who are at-risk of eviction or foreclosure due to a COVID-19 loss of income with rent or mortgage assistance for up to four months. The total maximum in assistance per household is the lesser of $3,200 for rental assistance and $3,600 for mortgage assistance or four months actual rent/mortgage payment amounts. Payments are made directly to landlords and mortgage servicers and applied to the applicant’s account.  

    The state has allocated $37.4 million of federal CARES Act funds to the Iowa Eviction and Foreclosure Prevention program to date.  

    Residential Utility Disruption Prevention Program

    The program provides eligible households with up to $2,000 towards electric, natural gas and water bills if they are at risk of disconnection due to an inability to pay due to a COVID-19 related loss of income. Payments are made directly to utility providers and applied to the applicant’s account. 

    The state allocated approximately $14.5 million of federal CARES Act funds for utility assistance programs.

    For a full list of eligibility requirements and to apply for either program, visit iowahousingrecovery.com through Dec. 4, 2020.
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

      Subscribe To The Informer

      You can subscribe to The Informer by adding the RSS feed to your feed reader. Or, to request to be added to our weekly email blast, provide your information below.  NOTE-you must be an IAMU member (utility, affiliate, or associate) to receive the email blast.
    Submit

    Archives

    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014

    RSS Feed

Picture

Copyright 2018 Iowa Association of Municipal Utilities