STORY COUNTY HOUSING TRUST
The Story County Housing Trust will consider applications for a variety of housing projects, but SCHT will only consider projects and programs that improve housing affordability and benefit households below 80% area median income (AMI) with a focused interest on households below 30% AMI. Below are specific rules adopted for owner-occupied repair and rental assistance programs.
OWNER-OCCUPIED REPAIR PROGRAMS
(OOR)
Funding Restrictions:
The maximum per home reimbursement is $15,000.00
Five-year forgivable liens will be put on any property if the repairs are over $5,000.00
Grant funds may be used for:
1. Address critical life-safety issues – The repair should only address a critical need.
2. Assist individuals in need – Assistance should be prioritized for homeowners in the most need.
3. Fix a problem & improve living conditions – The repair should remedy a problem and improve living conditions.
Click here for more guidance on SCHT OOR programs.
RENTAL ASSISTANCE PROGRAMS
Funding Restrictions:
The maximum per household reimbursement is $2,000.00
Grant funds may be used for:
Rent (current to keep tenant(s) in housing or to move into housing.) Tenant(s) must have a plan for ongoing rent.
Utilities (to avoid shut off or arrears to get tenant(s) into rental or turned back on).
Deposits for rent and/or utilities. (Landlords would pay rent deposit back to grantee not the tenant(s)).
Application fees (a maximum of two applications per year per household and up to $50 per application).
Grant funds may NOT be used for:
Ongoing rent
Student housing
Please contact staff with any questions regarding project eligibility.