What can the program do?
Homeowners can qualify for up to $50,000 in home loans for major home repairs, all or part of which may ultimately be forgiven, subject to the loan terms.
Who is eligible?
The household's income must be at or below 80% of area median income. No loan to value (LTV) limit applies for this program. The property must be current on property taxes. The home must be the primary residence of the owner or a home being purchased as the owner's primary residence. The owner may not own any additional housing units. Homes being purchased on contract are not eligible.
What other policies apply?
A portion of the assistance may need to be repaid subject to loan terms. Funds are available as a 0% interest deferred loan for 20 years. At year 20, the deferred loan converts to a forgivable loan. The forgivable loan will be forgiven at 10% a year over 10 years. If the deferred loan is less then $20,000, it will be forgiven at 20% a year over 5 years.
Where are applications taken?
You must first inquire with one of these affordable housing organizations who are working in a collaborative effort to provide this service. Neighborhood Finance Corp (NFC), City of Des Moines Improving Our Neighborhoods (ION), Habitat for Humanity, Rebuilding Together, City of West Des Moines Metro Home Improvement Program (MHIP), or Polk County Emergency Repair.
Provided by Neighborhood Finance Corporation and partner organizations.
Use these buttons to browse through other Owner Occupied Home Repair Programs listed in our guide.
Individual program policies and guidelines are subject to change. Always contact an individual program directly for complete information about their rules.