Home and Community-Based Rent Subsidy Program

Iowa Finance Authority
Iowa

The Home and Community-Based Services Rent Subsidy Program provides eligible applicants with a monthly rent assistance payment. The program helps applicants live successfully in the community until they become eligible for other local, state or federal rent assistance. Eligible applicants include individuals 18 years of age or older who are approved participants of Money Follows the Person or one of the home-and-community-based services waiver programs, paying more than 30% of their income for rent and determined ineligible or are on a waiting list for other long-term rental subsidy programs. The program helps an average of 330 Iowans each month to stay in their home and to remain a part of their community.

Other Eligibility Requirements

Persons with mental illness; Persons with disabilities; Applicants on Medicaid; Applicants on waitlists for other housing assistance

Eligibility Limitations

Does not limit eligibility on these criteria

Priority Populations

Approved participants in Money Follows the Person

Required Documents

Required for income (general), lease, photo ID. Does not accept self-attestations.

Total Funding
$658,000
Funding Source
General revenue
Funding Year
FY 2023
Amount Provided
$224 average per month
Assistance Used For
Current and/or future rent
How Provided?
Rental assistance paid to tenant only
Amount Calculation Method

Program covers rent above 30% of tenants' adjusted income, up to payment standard based on local Fair Market Rent

Data Collected by Program
Income; Disability status; Age
Website
https://www.iowafinance.com/renter-programs/home-and-community-based-services-rent-subsidy-program/