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COVID-19 Iowa Eviction and Foreclosure Prevention Program | Iowa Finance Authority

State AgencyIowa Finance Authority
Program NameCOVID-19 Iowa Eviction and Foreclosure Prevention Program
Program Description

A new program established to provide financial relief for renters and homeowners who have experienced a loss of income resulting from the COVID-19 pandemic.

Program StatusAccepting Applicants
Eligibility Criteria

• Household income must be at or below 80 percent of the Median Family Income (MFI).
• Household must be at risk of eviction or foreclosure due to a documented COVID-19-related loss of income on or after March 17, 2020.
• Household that received the additional $600 weekly CARES Act unemployment benefits is only eligible for housing assistance for the months that they did not receive the additional unemployment benefits.
• Limited to primary residences
• Landlords must complete required certification within 10 days of application.

Eligible Activities
  • Rent
  • Rent arrearages
  • Mortgage (may include principal and interest)
  • Mortgage arrearages
  • Late fees
  • Utilities
Direct Recipient of Assistance
  • Landlord
  • Mortgage Servicer
Administration StructureAdministered by IFA with support from partner organizations.
Maximum Length of Assistance

Up to 4 months, including up to two months in arrearages.

Maximum Assistance Available Per Household

• Rental Assistance: $3,200 per household
• Mortgage Payment Assistance: $3,600 per household test1

Household Contribution RequirementsNone
Total Applications as of Date14,300
Funding Source
  • Coronavirus Relief Funds (CARES Act)
Total Funding Amount of Program$37,400,000.00
Remaining Funds as of Date$8,000,000.00
Date of Entry or Changes11/20/2020

The program listings on this page are provided as a free service to policy makers, state agencies, and the public at large. The information above is based solely on information provided to NCSHA by its state Housing Finance Agency and associate members and is provided “as is” without warranty of any kind. NCSHA is not responsible for inaccurate or out-of-date information and does not accept responsibility or liability for the accuracy, content, completeness, or reliability of the information contained herein. NCSHA will continue to update this page as it becomes aware of new programs or changes to information above.