Iowa Finance Authority
Iowa
The Aftercare Rent Subsidy Program supports youth who are aging out of foster care and are participating in the Aftercare Services Program. The subsidy promotes self-sufficiency goals and teaches youth life skills relative to renter rights and responsibilities.
Assistance Distributed By
State administrator/State agency
Funding Source
General revenue
Funding Year
FY 2023
Program Status
Active
State Funding
$167,000
Total Funding
$167,000
How Provided?
Rental assistance paid to landlord, housing agency, or approved vendor only
Data Collected by Program
Income; Age
Program Type
Income Eligibility Threshold
Duration
Assistance Used For
Info Source
Program administrator survey response
Last Updated
4/5/23 17:04
Other Eligibility Requirements
Children or youth exiting foster care
Required Documents
Required for income (general), lease, monthly budget, section 8 waiting list status. Does not accept self-attestations.
Coordinates Eligibility With
Does not coordinate with other systems
Amount Calculation Method
Program covers rent above 30% of tenants' adjusted income, up to payment standard not based on local Fair Market Rent
Eligibility Limitations
Age
Priority Populations
Does not prioritize beyond eligibility requirements