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Bills › 91st General Assembly

HF 2559Died when the session ended · March 3, 2026

Relating to the housing renewal pilot program, including repayments of interest and income, and recaptures or returns of financial assistance awards

Sponsored by Rep. Shannon Latham (R)

Topics:State budget

Official bill pageLobbyist declarations

Progress

  1. Introduced
    February 16, 2026
  2. Subcommittee
    March 3, 2026
  3. Committee
    —
  4. Passed House
    —
  5. Passed Senate
    —
  6. Signed
    —

Died at end of session The General Assembly adjourned on May 3, 2026. Bills that didn’t pass both chambers died. What’s a funnel?

What’s in it

This bill relates to the housing renewal pilot program, including repayments of interest and income, and recaptures or returns of financial assistance awards. The housing renewal pilot program (program) was established in 2022 and amended in 2023, and is administered by the Iowa finance authority (authority). Under the current program, payments of interest, income generated from the sale of an ownership unit, recaptures of financial assistance awards, and other repayments under the program are deposited in the housing renewal program fund.

Read the full explanation

Under the bill, such repayments shall be retained by the nonprofit Iowa affiliate (affiliate) selected by the authority to provide financial assistance under the program to eligible participants. Under the current program, unless the affiliate authorizes additional time for good cause shown, if an eligible participant has no project activity within months from the date a contract is executed between the affiliate and the eligible participant, the financial assistance award shall be returned to the authority for deposit in the program fund. Under the bill, such financial assistance award shall be returned to the affiliate to be used to provide financial assistance to eligible participants. The bill clarifies that an eligible participant shall sell each completed ownership unit to a homebuyer whose income is less than or equal to the 120 percent area median income.

From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text

History

Key steps only
2026 session · second year of the 91st General Assembly
March 3, 2026
Subcommittee recommends passage.
February 25, 2026
Subcommittee Meeting: 03/03/2026 8:00AM RM 19.
February 24, 2026
Subcommittee: Latham, Weldon and Wilburn. H.J. 413. Journal
February 16, 2026
Introduced, referred to Appropriations. H.J. 308. Journal

Meetings

Votes

No recorded votes yet.

Lobbyist declarations

For · 6Against · 0Undecided · 2

Grouped by organization. Lobbying overview →