Jumpstart Iowa Recovery Initiative
The Jumpstart Iowa Recovery Initiative is a housing and economic development program developed to address the financial needs of Iowans affected by the 2008 storms, flooding and tornadoes.
The Initiative contains two programs: one to address housing needs in storm-impacted communities, and one to help small businesses damaged by this year’s severe weather.
Jump to:
- Jumpstart Iowa Housing Assistance Program
- Jumpstart Iowa Small Business Assistance Program
- Jumpstart Contact Information
- Funding
Jumpstart Iowa Housing Assistance Program
The Jumpstart Iowa Housing Assistance Program is administered through the Iowa Finance Authority and the Iowa Department of Economic Development. This program will help homeowners either make a down payment on a new house, repair their current home, or maintain their mortgages while waiting for a potential buyout from FEMA. The maximum award is a $50,000 loan, up to $12,000 for interim-mortgage assistance, plus an additional $10,000 for energy-efficient appliances, all of which will be forgiven if the homeowner stays in the house for 10 years.
>>> Learn more and access the application for the Jumpstart Iowa Housing Assistance Program from the Iowa Department of Economic Development.
>>> For more information: Jumpstart Housing Assistance Program Contact Information
Jumpstart Iowa Housing Frequently Asked Questions
Jumpstart Iowa Housing Assistance Program FAQs can be accessed by selecting the following link: Jumpstart Iowa Housing FAQ.
Jumpstart Iowa Small Business Assistance Program
Administered through the Iowa Department of Economic Development, the Jumpstart Iowa Small Business Assistance Program will provide forgivable loans to small businesses. The funds will help pay down their SBA loans from the federal government, and will provide funding to promote sustainable rebuilding efforts. The maximum award is a $50,000 loan, plus an additional $5,000 for energy-efficient appliances. The loans will be forgiven if the business opens its doors within 12 months of receiving funds.
>>> Learn more and access the application for the Jumpstart Iowa Small Business Assistance Program from the Iowa Department of Economic Development
>>> For more information: Jumpstart Small Business Assistance Program Contact Information
Jumpstart Iowa Contact Information
To view the Jumpstart Iowa Housing and Small Business program contacts for your area, select the following link: Jumpstart Iowa Contacts.
Funding
Funding for the Jumpstart Iowa Recovery Initiative is being drawn from existing state and federal funds. Plans for the distribution of money through the two programs were unanimously endorsed by the Iowa Department of Economic Development Board, the Iowa Finance Authority Board and the Iowa Power Fund Board.
Funds for the forgivable loans made available for the two separate programs — Jumpstart Iowa Housing Assistance Program and Jumpstart Iowa Small Business Assistance Program — will be dispersed through the following Councils of Governments (COGs) and cities:
Council of Government |
Allocation of Jumpstart Housing Dollars* | Allocation of Jumpstart Small Business Dollars* |
| North Iowa Area COG Boone, Calhoun, Cerro Gordo, Floyd, Franklin, Hamilton, Hancock, Hardin, Humboldt, Jasper, Kossuth, Marshall, Mitchell, Pocahontas, Polk, Poweshiek, Story, Tama, Webster, Winnebago, Worth and Wright. |
$4,757,195 | $720,186 |
| Iowa Northland Regional COG Allamakee, Black Hawk, Bremer, Buchanan, Butler, Chickasaw, Clayton, Fayette, Grundy, Howard and Winneshiek. |
$5,847,143 | $2,001,289 |
| East Central Intergovernmental Association Cedar, Clinton, Delaware, Des Moines, Dubuque, Henry,Jackson, Lee, Louisa, Muscatine and Scott. |
$5,980,807 | $1,689,542 |
| East Central Iowa COG Benton, Johnson, Jones, Linn and Washington |
$4,332,011 | $2,924,178 |
| Southern Iowa COG - ($965,000) Adair, Adams, Appanoose, Clarke, Davis, Decatur, Jefferson, Keokuk, Lucas,Madison, Mahaska, Marion,Monroe, Ringgold, Taylor, Union, Van Buren, Wapello, Warren and Wayne. |
$2,652,976 | $144,775 |
| Southwest Iowa Planning Council Audubon, Buena Vista, Carroll, Cass, Clay, Crawford, Dallas, Dickinson, Fremont, Greene, Guthrie, Harrison, Isa, Mills, Monona, Montgomery, Osceola, Page, Plymouth, Pottawattamie, Sac, Shelby and Woodbury |
$1,487,992 | $12,936 |
| Cedar Falls | $2,553,625 | $928,293 |
| Cedar Rapids | $21,808,786 | $18,455,691 |
| Des Moines | $1,811,456 | $219,894 |
| Iowa City | $1,887,041 | $2,219,448 |
| Waterloo | $1,880,969 | $683,769 |
| TOTAL | $55 million | $30 million |
*Allocations include both state and federal allocations,
current 10-27-2008