HOME First Time Homebuyer Program

HOME First Time Homebuyer Program

Upper Explorerland RPC realizes first time homebuyers must make sacrifices to save enough for a down payment on a home, but for some it seems impossible to be able to find the funding to close on the desired property. With the award of the HOME funds, homebuyers may receive up to $24,999 in assistance for rehabilitation and down payment assistance. This program is an affordable way for homebuyers to realize their dream of homeownership. Assistance is in the form of a 5 or 10 year receding forgivable loan.

The HOME Program was created the National Affordable Housing Act of 1990 (NAHA).  The intent of the HOME program is to provide decent affordable housing to lower-income households, expand the capacity of nonprofit housing providers, strengthen the ability of state and local governments to provide housing, and leverage private-sector participation.

Each participating jurisdiction incurs a 25 percent matching obligation for HOME funds it expends.  Matching contribution must be:

  • A permanent contribution to affordable housing
  • From non-Federal sources
  • Provided by any of a broad array of public and private donors.


Homebuyers have to meet their affordability, depending on the amount of HOME funds they receive, but they also have to maintain their home as principal place of residency and have insurance on the property. Principal place of residency and insurance documentation must be submitted to Iowa Finance Authority (IFA) for proof of compliance during the affordability period. The home must meet Iowa's Minimum Housing Standards upon completion.


If you are interested and would like more information on if you qualify, we would like to hear from you! Applications can be picked up at the City Halls in each of the participating communities, printed from the documents below or by calling Upper Explorerland RPC, at 563-864-7551 ext. 117 or 101. TTY users call 1-800-735-2942. Relay call 7-1-1.


For more information, contact Lori Brockway or Steven Benne.
 

Having Upper Explorerland come into my life was such a blessing!  At first I kept thinking this is too good to be true, but it's not!  I did have to get a loan and overcome a few obstacles, but it was all so worth it.  I got my house and then Upper Explorerland came in and fixed it all up!  It's like brand new.  I could have never done all this work myself financially.  With their help I have a beautiful home and a safe home for me and my son...........So I hope you keep the program going and help other single mothers achieve their dreams, or any family.  Believe me it's not too good to be true.  It's a wonderful program and it really does help people.

News Headlines

UERPC October Newsletter

Posted: Mon, October 20, 2014

Some of the headlines you can read about this month:

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Posted: Mon, September 15, 2014

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Posted: Mon, August 18, 2014

Some of the headlines you can read about this month:

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Pavement Data Collection Vans

Posted: Wed, July 23, 2014
Last spring, the Iowa DOT expanded its pavement data collection activities to include all paved roads in the state.  Previously, data was collected only on Federal-aid routes.  The Iowa DOT is paying for this data collection as part of its efforts to promote asset management among all jurisdictions responsible for roads.  

As a result of the increased scope of data collection, we've received calls and questions from several communities about the data collection vans.  The purpose of this note is to alert you that you may observe these vans in your community.  The vans are white with an  ARAN (Automatic Road Analyzer) logo on the side.

If you would like more information about pavement data collection, the Iowa Pavement Management Program (IPMP) web site is a good resource.  The page below, which is advertising a free workshop on pavement data collection and uses, shows a picture of what the ARAN vans look like, as well as the areas of the state where pavement data collection is currently in-progress.
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