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- What is the Owner Occupied Repair Program?
The Owner Occupied Repair Program is a grant funded program that assists low – moderate income homeowners with home repairs.
- How do I apply?
Contact SIMPCO for an application: 712-279-6286
1122 Pierce St. Sioux City, IA 51105
- How much do I have to pay to participate?
There is no charge to participants in the program. However, a deed restriction will be filed on the property for a term of five (5) years. The assistance functions like a grant and repayment is not required unless the home is sold (or refinanced with funds paid out) within 5 years. 1/60th of the loan is forgiven each month for 5 years without payment as long as ownership is maintained. The 5 year term may vary depending on the amount of funding received, and the funding source.
- What is a deed restriction?
A deed restriction is a legal document that is filed with your county assessor. It secures the programs investment in your property.
- How much can I receive towards the repairs in my home?
The amount that goes into each home is dependent upon the available funding and the funding source at the time your application is reviewed.
- What repairs am I eligible for?
The program focuses on health and safety issues, code updates, and the structural integrity of your home. We work with you to prioritize the work that is done in your home. Repairs include but are not limited to roofs, windows, foundations, plumbing, electrical, siding, handicapped accessibility, furnace, and water heaters. We do not complete cosmetic remodels; there must be a need for the repair.
- Why do you need to know my financial information?
The funding that we receive is required to go to low – moderate income persons and families. We must verify that every household that we serve is in the low-moderate income category. Financial information is required for every applicant and is confidential. The information provided is solely to determine eligibility. Please view the income guidelines page to see the income qualifications for your area.
- What if I am self-employed?
You are still eligible for the program if you are self-employed. Please turn in the last 3 years of tax returns, including all schedules, with your application.
- What if I change jobs or my income changes while I am on the waitlist?
When your name reaches the top of the list, we will collect updated financial information from you. It may be necessary to obtain employer verification of employment if you cannot provide or do not have paystubs to turn in.
- What if someone in my family does not have a photo I.D. or Social Security Card?
It is required that photo I.D.’s and Social Security Cards are submitted for everyone in your household over the age of 18. You will need to obtain them before your application can be processed.
- My child(ren) are over the age of 18 and still live with me, do I need to count their income?
Yes, everyone in the household over the age of 18 must count their income. If they are still a student you will need to provide verification of their student status.
- My child is not 18 but is employed, do I count their income?
No, we do not count the income of minor children.
- Do I qualify if I am buying my home on contract?
No, unfortunately you do not qualify. You must be the owner listed on the deed.
- Do I qualify if I live in a mobile home?
You can qualify if you live in a mobile home. You must own the land that the home sits on and the moveable parts such as the tongue and wheels must no longer be in place.
- How are funds dispersed?
As SIMPCO operates several housing programs at the same time, the distribution of funds is dependent on the source of funds and where you are located.
- How long is the waitlist?
The waitlist is separated by county; your wait will depend on where you live. Applications are date stamped and processed in the order in which they are received. The Housing Specialist will call you and send out a letter when your name has reached the top of the waitlist. The length of time you wait is dependent on the length of the waitlist for your area and available funding.