Iowa Admin. Code r. 265-29.6

Current through Register Vol. 47, No. 6, September 18, 2024

Rule 265-29.6 - Grant terms

Grants made under the program shall be subject to the following terms:

(1)Award calculation and maximum award.

a. An eligible renter may be awarded up to six months of rent assistance.

b. An eligible renter may be awarded retroactive rent assistance.

c. An eligible renter may be awarded rent assistance to pay late fees provided that the late fees are permissible under Iowa Code chapter 562A or 562B.

d. Rent assistance will be calculated by first multiplying the monthly rent amount stated on the eligible renter's lease by the number of months for which assistance is needed, and then adding any eligible retroactive rent assistance and late fees.

e. The amount of monthly rent assistance used in calculating the award must not exceed the amount stated on the eligible renter's lease.

f. The maximum allowable rent assistance that may be awarded must not exceed the lesser of:

(1) The sum of the amount stated on the eligible renter's lease multiplied by six months, plus late fees; or

(2) $5,000.

(2)Priority of awards. The authority may prioritize awards of rent assistance to eligible renters earning 80 percent or less of the area median income for the county where the replacement housing is located.

(3)Disbursement. The authority will disburse rent assistance only after a complete application has been received, an award has been approved by the authority, and all applicable conditions for disbursement have been met, including the submission of documentation pertaining to the eligible expenses. Disbursements will be paid directly to the eligible renter's landlord, unless the authority determines that payment to the landlord is not feasible. If the authority determines it is not feasible to pay the eligible renter's landlord directly, the authority may disburse payment directly to the eligible renter.

Iowa Admin. Code r. 265-29.6

ARC 7842B, lAB 6/17/09, effective 5/14/09; ARC 8075B, lAB 8/26/09, effective 9/30/09; ARC 8323B, lAB 12/2/09, effective 11/4/09; ARC 8546B, lAB 2/24/10, effective 3/31/10; ARC 8907B, lAB 6/30/10, effective 6/10/10; ARC 9029B, lAB 8/25/10, effective 9/29/10

Amended by IAB May 31, 2023/Volume XLV, Number 24, effective 7/5/2023