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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:
Eviction and Foreclosure Prevention Program
Residential Utility Disruption Prevention Program
For a full list of eligibility requirements and to apply for either program, visit the Iowa Housing Recovery website through Dec. 4, 2020.