About 20,000 Iowa residents who can't afford rent or mortgage payments for their homes because of the coronavirus pandemic will get money from the state to help make those payments.
The Iowa Finance Authority is accepting applications for the newly announced COVID-19 Iowa Eviction and Foreclosure Prevention Program. The application process begins with an online survey that helps determine whether residents are eligible for the program.
The program offers four months of help to renters with a maximum of $3,200, and $3,000 for mortgage payments.
Debi Durham, director of the authority, said this morning that those who are receiving the additional $600 per week federal unemployment aid are not eligible.
Applicants are required to provide proof of their loss of income, and their household income cannot exceed 80 percent of their county's median family income. For Carroll County, that amount is about $46,000, based on U.S. Census data that identifies the median family income as about $58,000.
Durham estimated that about 20,000 applications would be accepted. The new program follows the expiration of a state-mandated delay of evictions and foreclosures that expired this week.
Also this morning Gov. Kim Reynolds briefly detailed how the state will spend $1.25 billion of federal relief money for the pandemic:
— $215 million will go to help businesses and residents.
— $125 million will go to cities and counties.
— $125 million will aid the state's efforts to contain the spread of coronavirus.
— $100 million will aid farmers.
— $85 million will be spent to expand internet access in rural parts of the state.
— $50 million will go to health care providers.
Also, in the past month the state has distributed about $27 million worth of grants to small business.