This program is designed to assist homeowners in addressing deficiencies incurred as a result of the August 2020 derecho. Low to moderate income households will be prioritized for assistance. Rehab assistance should have a tieback to the August 2020 derecho event. The homes must be the primary residence of the household. A 2-year occupancy period will be filed as a receding lien.
The State will make awards based on project applications and is anticipating approximately 50 rehabs over the life of the program.
Eligible applicants are units of general local government (cities, counties, and tribes) as identified in the HUD Most Impacted & Distressed (MID) areas identified in the State of Iowa 2020 CDBG-DR Action Plan. These areas are Linn County (HUD MID Area).
IEDA will open a competitive round in this funding opportunity. $2.5 million will be available for the program. IEDA reserves the right to reallocate funds between the for-sale, rental, and infrastructure in support of housing programs if need surpasses demand. If requests do not expend all available funding, future rounds will be established at no less than one round per year until all funds are expended.
All awarded projects will be required to complete an environmental review in accordance with the National Environmental Protection Act (NEPA). All projects will be required to comply with Section 3 of the Housing and Community Development Act. Other applicable HUD regulations will apply.
To view all compliance requirements and more detailed program descriptions, see the program guidelines at the following link: https://www.iowaeda.com/disaster-recovery/cdbg-derecho/
