With the help of the Iowa Finance Authority, many Iowans have been able to get a good start on the path to homeownership or find affordable housing in today’s competitive real estate market. From low interest financing to down payment assistance, there are many different ways you can help give someone that first chance at homeownership or help them keep their current home by providing much needed rental assistance for low income residents. Continue reading to learn more about these programs and what they can do for your community and your state.
What is Iowa Finance Authority?
The Iowa Finance Authority provides many resources for individuals and families in need. We offer free counseling to help people create a budget, deal with debt problems, and get back on their feet. If you need help buying a house or getting rid of mortgage debt, we can also help you with down payment assistance programs, rent mortgage assistance, and foreclosure prevention services. And if you’re already in your dream home but don’t have enough funds to pay your bills, we offer several rental programs that can give you cash to pay your rent, find another apartment, or even make some home repairs. We never want anyone to lose their housing because they simply don’t have enough money to cover expenses. You can also learn more about what we offer by speaking with a representative in person, by visiting one of our community offices, or through many local partnerships. Wherever you go, you’ll find friendly people ready to help you create positive changes in your life. No matter how big or small your request is, we’re dedicated to helping everyone reach their potential and change their future for good.
How to get Assistance From the Iowa Finance Authority?
There are some programs offered by Iowa Authority that you may qualify for if you live in Iowa. Here is a quick look at some of these programs and how to get assistance. The Iowa Finance Authority provides grants as part of its liheap program, which can help pay your utility bills and avoid disconnection from services. To be eligible, applicants must meet income requirements and their household size must be at least four people. There are also rent and mortgage assistance programs available from Finance Authority. If you’re a renter who meets income requirements, Iowa Finance Authority will pay your landlord directly to cover part of your rent for up to two years. This program is not for people who are just looking to live in someone else’s home for free. The Iowa Finance can provide grants on an as needed basis so that applicants only have to spend what they can afford for their monthly bills each month and can still be eligible for help if more funds are needed later. For those who qualify, grants can provide funds for down payments and monthly payments on mortgages. To be eligible, applicants must meet certain credit score minimums as well as qualifying ratios that relate to family size, household income, and more.
The Activities of the Iowa Finance Authority
The Morry Rubin Finance and rental programs that provide safe and secure housing to community outreach programs that help individuals connect with better employment opportunities, we have been helping Iowans improve their lives for more than a decade. Check out some of our success stories and how you can apply. We are focused on helping Iowans improve their lives by expanding their access to affordable housing, improving job training, and increasing financial stability. The Iowa Finance Authority was created by legislators in 2002 as part of a larger initiative to improve financial literacy and opportunities for Iowans. Since that time, we have made great strides in creating positive change across Iowa communities through affordable housing programs and financial education initiatives. That is a huge step toward improving housing conditions and making homes more affordable for thousands of hard working Iowans. We also have partnered with Habitat for Humanity to build new homes in areas that need them most. The Iowa finance authority is a nonprofit organization funded by private donations from individuals and businesses throughout Iowa.