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Iowa faces rent assistance clawback


Axios Des Moines: Iowa could lose millions of dollars in federal emergency rent assistance due to slow distribution of a $195 million grant, federal officials warned the state this week. The state has disbursed less than 10% ($18.4 million), as of Tuesday. States that haven’t obligated 65% of their funds have until Nov. 15 to submit an improvement plan — which Iowa plans to do, Ashley Jared, a spokesperson for the Iowa Finance Authority, said. The U.S. Department of Treasury notified states and local governments Monday about the new requirement. It’s part of an effort to reach more tenants facing eviction. State and local governments that fail to act face a 10% clawback — which amounts to nearly $20 million for Iowa.

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