IOWA’s Homeowner Support Program: Apply Now for Help

Are you an Iowa homeowner facing financial challenges related to your mortgage, property taxes, or homeowner’s insurance due to COVID-19? The Iowa Homeowner Assistance Fund (IHAF) program is here to offer you much-needed support. IHAF provides eligible homeowners with financial assistance for mortgage payments and various property-related expenses, helping them regain stability in these uncertain times.

Eligibility Requirements

To qualify for IHAF assistance, you must meet the following eligibility criteria:

1. Property Ownership: Applicants must own the property. However, if you are in the process of purchasing the property under a legally recorded contract or making manufactured lot rent payments, you are still eligible to apply.
2. Delinquent Payments: Applicants should be at least 30 days behind on payments for mortgage, contract sale, manufactured home, or property taxes.
3. Income Threshold: Your household income should not exceed the greater of 150% of the area median income or 100% of the U.S. median income.
4. Primary Residence: The property in question must be located in Iowa and serve as your primary residence.
5. COVID-Related Hardship: You must have experienced and/or be able to demonstrate a financial hardship directly related to the COVID-19 pandemic.

Eligible Past Expenses

If you meet the eligibility criteria, IHAF offers one-time assistance of up to $25,000 to help you catch up on past-due expenses. The following expenses are covered by the program:

1. Mortgage Payments: IHAF can assist with past due mortgage payments, providing relief for homeowners struggling to make ends meet.
2. Property Taxes: If you have fallen behind on property taxes, IHAF can help you settle these arrears, ensuring your property remains in good standing.
3. Homeowner’s Insurance: IHAF offers support for past due homeowner’s insurance, safeguarding your home and assets.
4. Homeowner Association Fees: Past-due homeowner association fees can be a burden, but IHAF is here to alleviate that stress.
5. Manufactured Home/Lot Rent Payments: If you live in a manufactured home or make lot rent payments, IHAF can assist with catching up on these expenses.
6. Land Contract Payments: For those under a land contract, IHAF can provide the necessary relief to bring your payments up to date.

Don’t let financial hardship caused by the pandemic jeopardize your home and peace of mind. IHAF is committed to supporting Iowa homeowners during these challenging times, and we encourage you to take advantage of this lifeline to financial relief.

For more detailed information about the Iowa Homeowner Assistance Fund program and how to apply, please visit the official program flyer. IHAF is here to help you regain financial stability and secure your home’s future. Apply today and take the first step towards a brighter tomorrow.