Posted: May 29, 2020
The Iowa Finance Authority has launched the COVID-19 Iowa Eviction and Foreclosure Prevention Program, which will provide mortgage and rent assistance to eligible Iowans who are unable to meet those obligations due to COVID-19. This has become necessary since the Governor’s moratorium on foreclosures and evictions was phased out after the last proclamation dated 5/26/20.
Rental assistance will cover up to four months (this can include up to two months in arrears) beginning with April 1 rent payment, ($3,200 maximum); this includes manufactured home rent and lot rent
Mortgage payment assistance will cover up to $3,000 maximum, beginning with April 1 mortgage payment (this can include up to two months in arrears).
To be eligible, you must be a current renter or homeowner who is at risk of eviction or foreclosure due to a documented COVID-19-related loss of income on or after March 17, 2020. Your household income must not exceed 80% MFI (Median Family Income) at the time of application. You are not eligible if you are currently receiving the $600 additional CARES Act unemployment benefit.
Applications are open now and will continue until all funds have been exhausted. You can learn more and apply here: https://www.iowafinance.com/covid-19-iowa-eviction-and-foreclosure-prevention-program/