Assistance for Landlords
The programs listed below offer a comprehensive look at the assistance specifically available to landlords affected by the 2008 storms, tornadoes and flooding in Iowa.
Jump to:
- Small Project Rental Rehabilitation Assistance
- Large Project Rental Rehabilitation Assistance
- Residential Landlord Business Support Program
Small Project Rental Rehabilitation Assistance
Administered by the Iowa Department of Economic Development (IDED), the Small Project Rental Rehabilitation Assistance program allows landlords to receive up to $24,999 per unit for repairs. Supplemental funds will be available for the following (when applicable): lead hazard reduction, project delivery costs and temporary relocation. Total cost including supplemental assistance cannot exceed $37,500 per unit. Assistance will be in the form of a five-year forgivable loan (non-receding), forgiven in full at the end of the five-year compliance period.
Assistance is limited to projects of seven units or fewer. A "project" is defined as a site or sites together with any building or buildings (including manufactured structures that are taxed as real property) located on a site or sites that are under common ownership, management and financing. For example, a person who owns two disaster-impacted duplexes and one disaster-impacted triplex can repair all three structures.
For more information including the detailed project guidelines and applications, click here for the IDED Rental Rehabilitation Assistance Web page. Completed applications should be submitted to your local COG or Entitlement City Housing representative (for Cedar Rapids, call Housing Services at 319-286-5872 for more information).
Large Project Rental Rehabilitation Assistance
Administered by the Iowa Department of Economic Development (IDED), the Large Project Rental Rehabilitation Assistance program allows disaster-impacted landlords with eight or more units to receive up to $24,999 per unit for repairs. Supplemental funds will also be available for the following: lead hazard reduction, project delivery costs and temporary relocation. Total cost including supplemental assistance cannot exceed $37,500 per unit. Assistance will be in the form of a five-year forgivable loan (non-receding) which will be forgiven in full at the end of the five-year compliance period.
This assistance is available for landlords who own eight or more units in one building. The program will be administered locally by the 11 Council of Governments (COGs) and Entitlement Cities that currently administer the Jumpstart Housing Program. Applications must be submitted to one of these eleven entities.
For more information including the detailed project guidelines and applications, click here for the IDED Rental Rehabilitation Assistance Web page.
Residential Landlord Business Support Program
This program is designed to compensate disaster-impacted residential landlords providing affordable housing for lost rental income. Landlords may receive up to $15,000 per business impacted by the disaster.
For more information, contact your local Council of Government or Entitlement City.