§ 16-57b

16.57B Disaster recovery housing assistance program — fund. 24 C.F.R. §5.703 . c. The authority shall determine the interest rate for the forgivable loan. d. If a homeowner who has been awarded a forgivable loan sells a disaster-affected home or replacement housing for which the homeowner received the forgivable loan prior to the end of the loan term, the remaining principal on the forgivable loan shall be due and payable pursuant to rules adopted by the authority. 6. Renters. a. To be eligible for a grant under the program, all of the following requirements shall apply: (1) A local program administrator either deems the disaster-affected home of the renter suitable for rehabilitation but unsuitable for current short-term habitation, or the disaster-affected home is damaged beyond reasonable repair. (2) Assistance under the program must not duplicate benefits provided by any local, state, or federal disaster recovery assistance program. b. If a renter is referred to the authority or to a local program administrator by the disaster case manager of the renter, the authority may award a grant to the eligible renter to provide short-term financial assistance for the payment of rent

to a local program administrator by the disaster case manager of the renter, the authority may award a grant to the eligible renter to provide short-term financial assistance for the payment of rent for replacement housing. 7. Report. On or before January 31 of each year, the authority shall submit a report to the general assembly that identifies all of the following for the calendar year immediately preceding the year of the report: a. The date of each state of disaster emergency proclamation by the governor that authorized disaster recovery housing assistance under this section. b. The total number of forgivable loans and grants awarded. c. The total number of forgivable loans, and the amount of each loan awarded for repair or rehabilitation. d. The total number of forgivable loans, and the amount of each loan, awarded for down payment assistance on the purchase of replacement housing and the cost of reasonable repairs to be performed on the replacement housing to render the replacement housing decent, safe, sanitary, and in good repair. e. The total number of grants, and the amount of each grant, awarded for rental assistance. f.

on the replacement housing to render the replacement housing decent, safe, sanitary, and in good repair. e. The total number of grants, and the amount of each grant, awarded for rental assistance. f. The total number of forgivable loans and grants awarded in each county in which at least one homeowner or renter has been awarded a forgivable loan or grant. g. Each local program administrator involved in the administration of the program. h. The total amount of forgivable loan principal repaid. 2021 Acts, ch 177, §47, 51; 2023 Acts, ch 19, §2162 Referred to in §16.57A, 16.57C Subsection 4 amended