New eviction moratorium: What to know in Des Moines County thehawkeye.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehawkeye.com Daily Mail and Mail on Sunday newspapers.
By Christian George • JBA Board of Governors
Happy New Year and cheers to 2021. On behalf of everyone in the world, I am thankful that 2020 is in the rearview mirror.
That being said, 2020 was not all bad. My wife and I had our first child, a perfect son named Parker. Similarly, many of you likely spent more time with your families than you otherwise would, which hopefully reminded you how much you love those people.
As an industry, ours is lucky, as the legal profession is suited to weather the pandemic and its resulting challenges. Most of our practices allow us to work remotely without too much problem thanks to modern technology.
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With newly available federal money, the State of Iowa rolled out another program to provide rental assistance to Iowans and otherwise prevent homelessness by preventing imminent eviction. This newest program is targeted to low-income Iowans.
Program Overview
On December 4, Gov. Kim Reynolds announced nearly $9 million in supplemental CARES Act money will now flow through the Iowa Finance Authority and its local partnering agencies to provide (1) rental payment assistance to low-income Iowans facing eviction and (2) assistance to transition homeless Iowans back to housing. Specifically, 35 agencies were awarded a total of $8.8 million in Emergency Solutions Grant Program funds. The full list of awards is available here.
before we move on, let s break down one of the black clouds, home foreclosures. realtytrak, a company that follows the industry, has newly released numbers showing that in the first three months of this year home foreclosures went up 35%. six million homeowners are at least 60 days behind on their mortgage payments. the obama administration tried to stop the bleeding last april with its $75 billion foreclosure prevention program to improve mortgage rates and terms for borrowers, but after a year and over one million participants, just 231,000 people completed the program. 158,000 dropped out and many more are waiting to see if their loan modifications go through. a treasury official defended the program s rocky start saying we