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HCBS Rent Subsidy Program
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Program
web site |
http://www.iowafinanceauthority.gov/en/for_renters
/index.cfm?nodeID=9929&audienceID=1
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| Sponsor |
Iowa Finance Authority |
| Deadlines |
Applications accepted on an ongoing basis |
| Purpose |
This rent subsidy program aids people who receive services under a federal Medicaid waiver program called home- and community-based service (HCBS) and who are at risk of nursing facility placement. The program provides a monthly rent assistance payment to these persons to help them live successfully in their own home and community, until they become eligible for any other local, state or federal rent assistance.
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| Eligibility |
See Programs web site for eligibility criteria. |
Geographic
coverage |
Iowa |
Amount of
funding |
Maximum monthly payment shall be equal to the rent paid, not to exceed 100% of the eligible applicant’s county of residence Fair Market Rent (FMR) as determined by HUD, less 30% of the gross income of the eligible applicant. The FMR shall be that of a one-bedroom unit or a proportionate share of the rental cost in units containing more than one bedroom. |
Application
process |
See Program web site for application details. |
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For more information contact:
Laura Abbott
800.432.7230
laura.abbott@iowa.gov
Summaries of funding programs are provided by RAC for your convenience. Please contact the funder directly for the most complete and current information. |
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