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HomeMy WebLinkAboutHousing Rehab Flyer 2022Does your home need repairs? The city may be able to help with roofing, windows, and siding, foundation, heating, electrical and plumbing, radon and insulation, grab bars, and ramps, and more! There is no cost to apply A professional inspector oversees the rehabilitaƟon process. You may qualify if: home is within Iowa City limits own/occupy and is a single‐family home enough equity in your home total gross annual household income falls below the limit for the program. Iowa City offers two programs: Housing RehabilitaƟon (funded with federal CDBG & HOME funds) If your home is located in one of the targeted areas (map on back), half of your eligible project cost will be forgiven in five years. If outside the area, you’re eligible for 0% interest loans or deferred payment loans. GRIP program Low interest loans paid over a 20‐year period. Maximum Income Limit by Program Household Size CDBG/HOME (80% MI) GRIP (110% MI) 1 $61,050 $83,930 2 $69,800 $95,920 3 $78,500 $107,910 4 $87,200 $119,900 5 $94,200 $129,580 6 $101,200 $139,150 7 $108,150 $148,720 8 $115,150 $158,290 EffecƟve 6/15/2022 For more info and how to apply: www.icgov.org/housingrehab neighborhoods@iowa‐city.org 319‐356‐5246 Housing RehabilitaƟon Office 410 E Washington St, Iowa City, IA 52240 City of Iowa City Targeted RehabilitaƟon Areas