Southwest Iowa Planning Council
Southwest Iowa Planning Council

Housing Grant Information

Housing Repair Program: In partnership with Federal Home Loan Bank (FHLB), Iowa Finance Authority (IFA), and local banks. We provide repairs to improve health, safety, and energy efficiency in owner occupied homes. Assistance comes in the form of a 5-year forgivable loan, forgiven at 20% for each year the applicant keeps the home as their primary residence. Some of the requirements include primary residence of the owner, located in one of the eight counties served by SWIPCO (not including Council Bluffs), and income eligibility. To be put on the waiting list, please contact Sandy Hansen at 1-866-279-4720.

 

Community Development Block Grant (CDBG): We assist member cities to provide repairs to bring homes up to Iowa Minimum Housing Rehabilitation Standards. Assistance is provided as a 5-year forgivable loan. Requirements include, but are not limited to, residing within the target area, income qualified, home must be the primary residence of the owner, and must apply within the posted time frame. Applicants are selected by an appointed housing committee.

 

Neighborhood Stabilization Program: SWIPCO is helping the Cities of Shenandoah and Hamburg to construct new affordable homes and rehab existing homes through the NSP program. Interested parties must meet income guidelines and be pre-approved for a mortgage through an approved lender. As homes become available in these cities the applications will be posted here.

Neighborhood Stabilization Program Application
Homes available are:
1205 and 1207 W. Lowell, Shenandoah
2016 NSP Application.pdf
Adobe Acrobat document [169.2 KB]

Purchase/Rehab/Resell: SWIHTF is purchasing vacant or foreclosed homes throughout southwest Iowa to complete full rehabilitation and then sell the homes to low to moderate income homebuyers. Interested parties must meet income guidelines and be pre-approved for a mortgage through an approved lender. As homes become available the applications will be posted here.

Lead Based Paint Stabilization: SWIHTF can assist owner occupied households in improving health concerns by eliminating lead based paint hazards in their homes. Priority will be given to homes with children who have elevated blood lead levels.

Home Ownership Assistance: SWIHTF can assist potential homebuyers of new and existing housing with down payment assistance.  SWIHTF can fund up to 7% of the purchase price up to $7,000. The first $4,000 is a 5-year forgivable loan, forgiven at 20% per year. The remaining amount is a 1% loan for up to 5 years.  Please allow a minimum of two weeks from application submittal for final approval prior to closing.

 

Demolition: SWIHTF assists cities in eliminating dilapidated housing units in their communities. SWIHTF will pay for 50% of costs for asbestos inspection, abatement, and demolition of city owned structures, leaving the property a clean, level lot.

Demolition Application for Cities
Demolition Application.pdf
Adobe Acrobat document [82.2 KB]

Repair Loan Program: SWIHTF can provide funds for owner-occupied housing repairs for health, safety, and energy efficiency needs. This program offers loan funds at 1% interest to applicants at or below 110% county median income. For more information contact Sandy Hansen at 1-866-279-4720.

SWIPCO is an equal opportunity provider, employer, and lender.

 

Southwest Iowa Planning Council, 1501 SW 7th St., Atlantic, Iowa, 50022

712-243-4196 or 1-866-279-4720; Fax 712-243-3458; swipco@swipco.org