HomeMy WebLinkAboutHELP flyer 8 5x11 4 20 2016The City of Iowa City’s Neighborhood and Development Services Department has
implemented a new program to help landlords and income-qualifying homeowners
make exterior improvements to their homes and property. The Housing Exterior Loan
Program (HELP) not only offers fi nancial assistance, it also works to upgrade the safety
and appearance of local housing stock and preserve the vitality of our neighborhoods.
About the program
Homeowners and landlords who qualify will be offered zero-interest loans for
50% of the cost of eligible improvements, up to $10,000.
Length of the loan:
For rental property owners, repayment terms will be for fi ve years.
For owner-occupied homes where household income is less than 140% of the
median income (see income chart), loans will be set up on a deferred payment
basis. That means that no loan payments will be required as long as the home
remains the owner’s primary residence. Loans will come due immediately when
the property is sold, changes ownership, or converts to a rental property.
Loan funds will be reimbursements that will be paid after the work is successfully
completed and all supporting documentation has been submitted to the City.
Liens, in the form of mortgages or assignment of rents, will be placed on the home
and/or rental property as collateral to secure the loan until it is paid.
What improvements can I make?
Exterior painting, cleaning and repair Siding repair or replacement
Roof repairs or replacement Fascia and trim improvements
Awning repair or installation Porch repair
Landscaping Dumpster screening
Windows and door repair or replacement
Exterior accessories, such as address plates, mailboxes, and shutters
Sidewalk repair or other concrete or masonry repairs or replacement
In some situations, HELP program funds may only be used for repairs and upgrades to
the side of the home that faces the street.
Do I qualify?
You may qualify for our program if:
your residential property is within
the UniverCity impact area (please
see the property map on our web-
site at www.icgov.org/UniverCity);
your property does not have any
outstanding mechanic liens;
your property taxes are paid and
up-to-date;
your proposed home improvements
meet housing code and are ap-
proved by City staff;
all applicable permits are ob-
tained; and
if owner-occupied, the household
income falls below 140% of me-
dian income, as follows:
INCOME GUIDELINES CHART
HOUSEHOLD MAXIMUM INCOME SIZE LIMIT (140% of MI)
1 person .........................................$80,780
2 person .........................................$92,260
3 person .......................................$103,740
4 person .......................................$115,220
For more info
For more info, or to apply for HELP,
contact Neighborhood Services at:
319-356-5230
neighborhoods@iowa-city.org
City of Iowa City Neighborhood Svcs.
410 E. Washington Street
Iowa City, IA 52240
(Housing Exterior Loan Program) is here!
H.E .L .P.