NIACOG Housing Trust Fund

Our mission is to enhance the affordable housing stock and its availability to low to moderate income households within the Fund’s member counties.

Housing Repair Program

The Housing Repair Program consists of three components:

1. Emergency Repair (owned by occupant)

Download Application Form  (Word) | (PDF)

Eligible Projects: Severely leaking roof, handicapped access, or non-functioning: plumbing, electrical, furnace, hot water heater, or water/sewer line. Or, other similar true emergency situations.
Household Maximum Financials: $40,540 (1 - 2 person household) or $46,620 (3+ person) Income & $50,000 in liquid assets.
Match Requirement/Deadline: None
Application Deadline: None

2. Rehabilitation of Homes (owned by occupant)

Download Application Form (Word) | (PDF)

Eligible Projects: Non-emergency roofing, siding, window/door replacement, window screens, sump pump/back flow valve, furnace replacement, etc.
Household Maximum Financials: $40,540 (1 - 2 person household) or $46,620 3+ person) Income & $50,000 in liquid assets.
Match Requirement: 25% of rehab cost if household income exceeds 60% of Area Median Income.
Application Deadline: March 30th

3. Rehabilitation of Rental Housing (owned by landlord)

Download Rental Application Form (Word) | (PDF)

Eligible Projects: Roofing, siding, window/door replacement, window screens, sump pump/back flow valve, furnace replacement, etc.
Tenant Maximum: $13,200 to $24,850 depending on household size & $50,000 in liquid assets for tenant households.
Match Requirement: 50% of rehab cost
Application Deadline: March 30th -
Limitations: Rents must be maintained at or below HOME Fair Market rent limits for 5 years. Landlords must have a lease in place prior to assistance.


Other Program Guidelines

  • The goals of the program are to: Assist residents with lower incomes with housing related costs, Enhance the appearance of neighborhoods, and Improve the housing stock.

  • All funds are granted as forgivable loans. The balance must be repaid if the housing is sold within 5 years or rent limits are exceeded; 20% is forgiven each year.

  • Assistance is capped at $10,000. Any cost in excess of $10,000 is the applicant’s responsibility.

  • After inspection, Trust Fund staff will bid out project work for you to qualified local contractors.

  • For the rehabilitation components (2 & 3): priority may be given to projects that: have fewer financial resources available, require less assistance, have a greater impact on neighborhoods, reduce tenant utility costs (rental only), address more urgent needs, make repairs that are beyond the capacity of the owner, etc.

  • No more than 1 application per year.

  • Recipients must attend a FREE financial training program.

    • Contributors

    This Trust Fund was made available through the generous support of the following businesses and agencies:

    • Iowa’s State Housing Trust Fund
    • Federal Home Loan Bank Of Des Moines
    • First Citizens National Bank
    • Farmers State Bank
    • Clear Lake Board of Realtors
    • Mason City Board of Realtors
    • Clear Lake Bank & Trust
    • Northwood State Bank
    • North Iowa Community Credit Union
    • Mercy-City-Lehigh Family Credit Union
    • Manufacturers Bank & Trust
    • Iowa Heartland Credit Union
    • Wells Fargo Foundation on behalf of Wells Fargo Home Mortgage


    Partnering Agencies

    The following agencies are assisting with the staffing, marketing, and/or implementation of the NIACOG Housing Trust Fund by contract or memorandum of understanding.

    • North Iowa Area Council of Governments (NIACOG)
    • North Iowa Community Action Organization
    • Elderbridge Agency on Aging
     


    DOWNLOAD APPLICATIONS

    Owner-Occupied Housing - Housing Repair Application (Word) | (PDF)

    Rental Property- Housing Repair Application (Word) | (PDF)

    OR CALL 641-423-0491 ext. 16 (Myrtle)

    North Iowa Area Council of Governments (NIACOG)
    525 6th St. SW | Mason City, IA 50401 | 641-423-1637 (Fax)