Reynolds: Iowa launches new program to aid renters, homeowners

Iowa News

DES MOINES, Iowa (KCAU) – Governor Reynolds announced Friday that the Iowa Finance Authority will be launching a program to allow Iowans to apply for the COVID-19 Iowa Eviction and Foreclosure Prevention Program.

The program launched Friday following Governor Reynolds’ press conference.

The program will provide assistance to Iowan renters and homeowners who are eligible. Eligibility includes:

  • Iowans who are current renters or homeowners that have not been able to pay rent or mortgage due to COVID-19 related loss of income on or after March 17, 2020.
  • Iowans who have a household income that doesn’t exceed 80% of the average family income limits of the county at the time of application.
    • This will be auto-generated on the application website due to each county having different limits.
  • Iowans who are not be receiving the additional $600 a week and additional unemployment funds as a federal stimulus benefit.

Iowans are encouraged to complete the pre-application survey to see if they are eligible for the program by going to the Iowa Housing Recovery website.

If the requirements are met, the Iowa Finance Authority encourages folks to fill out the full application with all requested information provided as soon as possible. The funds for the program will be given out on a first-come, ready to proceed basis.

For Iowans who qualify, the landlord or mortgage company will need to know as the application will require an electronic landlord or mortgage company verification.

If approved for the program, applicants will get an email on how to track the stimulus.

Once approved, the stimulus will not be sent to the applicant (renter). The stimulus will be sent directly to the landlord or mortgage company.

The program will be open until all the funds are disbursed to Iowans.

For a list of all requirements and additional information about the program, click here.

President Trump extended the National Guard Title 32 orders through mid-August.

He made the announcement on Twitter on Thursday.

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