The City of Coralville has funds available for home buyer assistance. The Coralville Home Buyer Assistance (HBA) program will provide financial assistance of up to $24,999 to eligible home buyers.
This funding is provided by the Iowa Economic Development Authority and administered by the East Central Iowa Council of Governments (ECICOG) in Cedar Rapids.
How to ApplyTo apply, complete the Coralville Home Buyers Assistance application at www.ecicog.org/home-buyers-assistance.html. For additional information, contact Paula Mitchell at ECICOG at email@example.com.
EligibilityEligible persons will:
Eligible HomesEligible home types are:
Financial AssistanceFinancial assistance will be up to $24,999 to assist with up to:
Assistance will be in the form of a receding forgivable loan, with 20% of the loan forgiven annually over five years. If the property is sold or transferred before five years have passed, or if the property is not used as a primary place of residence for the program participant, the participant will repay the remaining principal amount to the Iowa Economic Development Authority.
Property StandardsThe following property standards apply: