Project Eligibilty

STORY COUNTY HOUSING TRUST


OWNER-OCCUPIED REPAIR PROGRAMS
(OOR)

 

Funding Restrictions:
The maximum per home reimbursement is $8,000.00
Five-year forgivable liens will be put on any property if the repairs are over $4,000.00

Grant funds may be used for:
Extraordinary Repairs: Repair of one or more of the major building systems: electrical, mechanical, plumbing and structural (including but not limited to roof, girders, foundation).
Preventative Repairs: Rehabilitation or repair that will delay or prevent major replacement.
Deferred Repairs: Repairs that have been delayed addressing other priority concerns.

Grant funds may NOT be used for:
Housecleaning or chore projects.
Homes outside of Story County.


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.

RENTAL CONSTRUCTION AND RENOVATION PROGRAM

Grant funds may be used for:

The construction or rehabilitation of shelter housing. Note that funding is limited to the housing portion if combined with non-housing buildings.

SHELTER ASSISTANCE GRANT PROGRAM

Grant funds may be used for:

The construction or rehabilitation of rental housing.
Units helped through this program will be income restricted for five (5) years.
This is a new program and funding will prioritize projects proposing to target households at or below 30% of the area median income level.

Please contact staff with any questions regarding project eligibility.