Iowa Admin. Code r. 265-29.6 - Grant terms
Grants made under the
(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.
Notes
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