Bill Text: IA HF693 | 2023-2024 | 90th General Assembly | Introduced

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Bill Title: A bill for an act establishing a neighborhood housing renovation grant program and fund, and making appropriations.

Spectrum: Partisan Bill (Democrat 33-0)

Status: (Introduced) 2023-04-10 - Introduced, referred to Appropriations. H.J. 780. [HF693 Detail]

Download: Iowa-2023-HF693-Introduced.html

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House File 693 - Introduced
HOUSE FILE 693
BY KONFRST , FORBES ,
BAGNIEWSKI , CAHILL ,
CROKEN , WILSON , COOLING ,
BAETH , TUREK , LEVIN ,
STAED , SCHEETZ , KURTH ,
AMOS JR. , NIELSEN ,
BUCK , WESSEL-KROESCHELL ,
STECKMAN , MATSON , WILBURN ,
JAMES , GAINES , JUDGE ,
MADISON , JACOBY , EHLERT ,
KRESSIG , B. MEYER ,
SRINIVAS , BROWN-POWERS ,
ISENHART , OLSON , and
SCHOLTEN
A BILL FOR
An Act establishing a neighborhood housing renovation grant
program and fund, and making appropriations.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
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H.F. 693
Section 1. NEW SECTION . 16.230 Neighborhood housing
renovation grant program —— fund.
1. a. A neighborhood housing renovation grant fund
is created in the state treasury under the control of the
authority. The fund shall be used to award grants under the
neighborhood housing renovation grant program.
b. There is appropriated to the authority for deposit in the
neighborhood housing renovation grant fund for the fiscal year
beginning July 1, 2023, from the moneys available to the state
pursuant to the federal American Rescue Plan Act of 2021, Pub.
L. No. 117-2, the sum of fifty million dollars.
c. Notwithstanding section 12C.7, subsection 2, interest
or earnings on moneys in the neighborhood housing renovation
grant fund shall accrue to the authority and shall be used for
purposes of this section. Notwithstanding section 8.33, moneys
in the neighborhood housing renovation grant fund at the end of
each fiscal year shall not revert to any other fund but shall
remain in the neighborhood housing renovation grant fund for
expenditure for subsequent fiscal years. All repayments or
recaptures of grants awarded under this section shall accrue to
the authority and shall be used for purposes of this section.
d. The authority shall not use more than three percent of
the moneys in the neighborhood housing renovation grant fund at
the beginning of the fiscal year for purposes of administrative
costs, marketing, and other program support.
2. a. The authority shall establish and administer a
neighborhood housing renovation grant program for purposes of
awarding grants to eligible homeowners for qualifying exterior
home improvements, repairs, or renovations.
b. To qualify for the neighborhood housing renovation grant
program, a homeowner’s household income shall not exceed one
hundred nine thousand dollars.
c. The property at which the qualifying exterior home
improvements, repairs, or renovations will occur must be
occupied by the homeowner.
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H.F. 693
d. A grant awarded under the neighborhood housing renovation
grant program shall not exceed twenty thousand dollars.
e. Exterior improvements, repairs, and renovations that
qualify for the neighborhood housing renovation grant program
shall include all of the following:
(1) Roof repair or replacement.
(2) Foundation repair.
(3) Exterior siding repair or replacement.
(4) Exterior paint.
(5) Window and door repair or replacement.
(6) Garage repair or replacement.
(7) Exterior energy efficiency-related repairs or upgrades.
(8) Exterior wheelchair or mobility assistive device
accessibility.
(9) Sidewalk and driveway repair or replacement.
3. The authority shall adopt rules pursuant to chapter 17A
to administer this section.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
This bill establishes a neighborhood housing renovation
grant program (program) and fund (neighborhood fund) to
be administered by the Iowa finance authority (authority)
for purposes of awarding grants to eligible homeowners for
qualifying exterior home improvements, repairs, or renovations
(exterior work).
There is appropriated to the authority for deposit in the
neighborhood fund for the fiscal year beginning July 1, 2023,
from the moneys available to the state pursuant to the federal
American Rescue Plan Act of 2021, the sum of $50 million.
Notwithstanding Code section 12C.7(2), interest or earnings on
moneys in the neighborhood fund shall accrue to the authority
and shall be used for purposes of the program. Notwithstanding
Code section 8.33, moneys in the neighborhood fund at the end
of each fiscal year shall not revert to any other fund but
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H.F. 693
shall remain in the neighborhood fund for expenditure for
subsequent fiscal years. All repayments or recaptures of the
grants awarded under the program shall accrue to the authority
and shall be used for purposes of the program.
The authority shall not use more than 3 percent of the moneys
in the neighborhood fund at the beginning of the fiscal year
for purposes of administrative costs, marketing, and other
program support.
To qualify for the program, a homeowner’s household income
shall not exceed $109,000 and the homeowner must occupy the
property at which the exterior work will occur. A grant
awarded under the program shall not exceed $20,000. Exterior
work that qualifies for the program is detailed in the bill.
The authority shall adopt rules to administer the bill.
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