2008 Iowa Natural Disasters

1. 2008 Iowa Natural Disasters Housing Update

2. What happened… Cedar Rapids – June 2008

3. Oakville – June 2008 Cedar Rapids – June 2008

4. What is the RIAC? The Rebuild Iowa Advisory Commission: • 15-member non-partisan Commission (two ex-officio members) • Appointed by the Governor • Established in the same Executive Order that established the Rebuild Iowa Office. Members of the RIAC assist the RIO, and through it the Governor, in providing the vision, creativity and leadership to identify, prioritize and address the short- and long-term issues of recovery. As an advisory body, the RIAC has no direct legal authority, however the Commission is charged with: • recommending policy to facilitate long-term recovery in the state. • making recommendations to the RIO and overseeing their activities. • assisting with the identification of strategic issues and broad-based recovery needs and priorities.

5. What is the RIAC? Members of the Commission also served as task force chairs for the nine RIO recovery task forces, helping to facilitate dialogue on complex recovery issues and to make recommendations in focused issue areas. • Lt. General Ron Dardis, RIAC Chair • Gary Anderson, Centerville – Ex-Officio Member • Bill Bywater, Iowa City – Floodplain Management and Hazard Mitigation • Jim Davis, Charles City – Housing • Mike Earley, Des Moines – Economic and Workforce Development • Jim Fausett, Coralville – Education • Bill Gerhard, Des Moines – Economic and Workforce Development • Karris Golden, Waterloo – Cultural Heritage and Records Retention • Brent Halling, Perry – Agriculture and Environment • Tim Hurley, Waterloo – Ex-Officio Member • Mike King, Creston – Infrastructure and Transportation • Linda Larkin, Fort Madison – Public Health and Health Care • Nitza Lopez-Castillo, Columbus Junction – Housing • Carroll Reasoner, Cedar Rapids – Long-term Recovery Planning • Amy Truax, Parkersburg – Long-term Recovery Planning • Mark Wandro, Ankeny – Infrastructure and Transportation • Beverly Wharton, Sioux City – Education

6. RIAC 120-Day Report • Recommendation #2 Housing – State and local governments will place a high priority on ensuring availability of adequate, affordable housing and the ability of individuals and families to rent or purchase those homes. Parkersburg – May 2008

7. RIAC 120-Day Report Action to Date: • More than 190 families have moved out of their FEMA mobile homes to permanent housing • 2,471 homeowners have been assisted through the Jumpstart program with funding for repairs, down payment and mortgage assistance • Rental repair pilot program with FEMA • Funding is now available for rental property repair • New housing production

8. 45,000 40,000 35,000 30,000 25,000 Aug.08 20,000 April 09 15,000 10,000 5,000 0 Registrations Referred Registrations Approved FEMA Housing Assistance

9. Max Grants 1,194 – August 2008 1.423 – April 2009 FEMA Housing Assistance $16,190,485 Average = $1,906 Other Needs Assistance $14,342,003 Average = $1,875 Average = $5,223 Housing Assistance Dispersed $121,428,242 Average = $5,170 $110,517,625 Aug. 2008 $0 $50,000000 $100,000,000 $150,000,000 April 2009

10. 600 500 400 300 200 100 0 Aug. 08 Oct. 08 April 09 Total Direct Housing – Mobile Homes • Move outs: 240 • Since 10/1/08: 214 • Rental Repair Pilot: First for FEMA 7 units

11. Jumpstart Iowa Initiative The Jumpstart Iowa Recovery Initiative is a housing and economic development program developed in Sept. 2008 to address the financial needs of Iowans affected by the 2008 storms, flooding and tornadoes. The Initiative contains two programs: one to address housing needs in storm-impacted communities, and one to help small businesses damaged by last year’s severe weather.

12. Assistance for Homeowners * Repair & other items above 25%

13. Funding

14. Jumpstart Housing Activity • Applicants 3,989 Weekly Report: • Approved for state funding: 1,674 • Obligated $29.5 million • Dispersed $22.5 million IDED: • Federal Distribution of Benefits Approved: 480 • Submitted 637 • Completed 545 • In-Process 92 • Applicants approved: 797 • Obligated $13.2 million • Dispersed $4.8 million

15. Repairs IMA only Replacement Housing including IMA Jumpstart Housing Statistics Average Awards: • State $17,616 • Federal $16,521

16. Sources of Funds

17. Other Programs Single-Family New Production: • $20 million from new production (Funding: $58.3 million) • 30% down payment assistance Small Project Rental Repair (Funding from $87.5 million allocation) • 7 or fewer units • Project disaster affected Large Project Rental Repair (Funding: From $87.5 million) • 8 or more units • Disaster affected

18. Discussion • CDBG loan fund for Housing Tax Credit projects • Small multifamily new production • Additional single family new production assistance • Acquisition, rehabilitation and rehab

19. $250,000,000 $200,000,000 Credits Received $150,000,000 Credits Allocated $100,000,000 $50,000,000 $0 2008 2009 2010 (1,709 units) (603 units) Heartland Disaster Relief Housing Tax Credits

20. HMGP (FEMA) Acquisition

21. Success Stories - Parkersburg Before After