Always dreamed of owning your own home
but thought it just wasn't possible?
EIRHA would love to help! EIRHA offers several options for homeownership opportunities. Listed below are 4 ways to achieve the dream of owning your own home.
HUD Approval as a Housing Counseling Agency On July 30, 2010, the U.S. Department of Housing and Urban Development approved the Eastern Iowa Regional Housing Authority as a Housing Counseling Agency. The agency has met the Department’s initial approval criteria and submitted an acceptable housing counseling plan to serve its target community. The EIRHA is approved as a housing counseling agency to provide Money Debt Management, Pre-purchase Counseling and Home Improvement and Rehabilitation Counseling in accordance with is counseling plan.
Family and Home Ownership Program
The Eastern Iowa Regional Housing Authority recently received a grant from the Department of Housing and Urban Development to fund a Family and Home Ownership Program. The goal of this program is to bring eligible participants closer to the dream of purchasing their own home.
Once enrolled in the Family and Home Ownership Program, participants can expect to meet with a staff member of the Eastern Iowa Regional Housing Authority who will assist them in setting realistic goals that will help prepare them to purchase a home. Examples of these goals are credit repair counseling, creating and maintaining a household budget, locating and maintain employment and reliable transportation, and more!
To qualify for this program, you must currently be receiving Section 8 rental assistance through the Eastern Iowa Regional Housing Authority, or currently be residing in a Public Housing unit, owned by the Housing Authority.
For more information regarding this program, please contact Carl Reimer at either (563) 556-4166 or (800) 942-4648.
Section 8 HCV Homeownership
The Eastern Iowa Regional Housing Authority has a HUD-approved Section 8 HCV Homeownership plan. This plan allows existing Section 8 HCV participants to convert their monthly rental assistance toward monthly mortgage assistance.
Click here for application and guidelines.
Public Housing Homeownership
Through EIRHA's Homeownership program, first time home buying low-income households are given the opportunity to purchase their public housing units. Click here for application and guidelines.
Single Family Affordable Homes (new construction)
EIRHA has begun constructing single family affordable homes, which feature three bedrooms, two bathrooms, a two-car garage, full basement, and kitchen appliances. Ranch and two-story designs are available. Qualify early and have input into all aspects of construction! Prices on these new homes are expected in a range of $100,000-$130,000. Click here for application and guidelines.
Single Family Affordable Homes (rehab)
EIRHA will sell older single family affordable homes that have been rehabilitated so that all major components, such as; roof, mechanicals, plumbing, and electrical have been updated to meet all local codes. The home will be equipped with new kitchen appliances. Prices on these rehabilitated homes are expected not to exceed $75,000. Click here for application and guidelines.