Iowa 2023-2024 Regular Session

Iowa Senate Bill SF15

Introduced
1/9/23  
Introduced
1/9/23  
Refer
1/18/23  
Refer
1/9/23  

Caption

A bill for an act appropriating moneys to the Iowa finance authority for the home ownership assistance program for eligible service members.

Impact

The bill is expected to enhance the accessibility of housing for veterans and service members by providing financial assistance through the Iowa Finance Authority. By targeting this demographic, the program aims to facilitate their transition into civilian life, where home ownership can significantly affect stability and community involvement. The appropriation underscores the state's commitment to supporting those who serve in the military, recognizing the sacrifices made and addressing the unique challenges they may face in securing housing.

Summary

Senate File 15 (SF15) aims to appropriate $500,000 from the state's general fund to the Iowa Finance Authority for the fiscal year 2023-2024. The funding is designated for a home ownership assistance program specifically targeting eligible service members. This initiative comes at a time when many service members face challenges in obtaining affordable housing, aligning with state efforts to support military personnel in achieving home ownership.

Contention

While the bill specifically focuses on aiding service members, discussions in legislative circles suggest potential contention over the adequacy of the funding relative to the needs of the program. Some lawmakers may raise concerns about whether $500,000 is sufficient to make a meaningful impact given the broader housing market challenges. Additionally, questions around the eligibility criteria for the program might arise, prompting debates about inclusivity and ensuring that the funds effectively serve those most in need.

Companion Bills

No companion bills found.

Previously Filed As

IA HF2735

A bill for an act relating to programs administered by the Iowa finance authority including the firsthome program and home ownership assistance program for military members, making appropriations, and including effective date provisions.

IA SF2246

A bill for an act relating to the military home ownership assistance program, making appropriations, and including effective date provisions.

IA SF357

A bill for an act establishing a neighborhood housing revitalization assistance program within the Iowa finance authority.

IA SF505

A bill for an act codifying a firsthome program administered by the Iowa finance authority.

IA HF2169

A bill for an act requiring the Iowa finance authority to conduct a review of the firsthome program's household income limit.

IA SF2484

A bill for an act relating to and making appropriations from the rebuild Iowa infrastructure fund, technology reinvestment fund, and renewable fuel infrastructure fund, providing for related matters including financial assistance eligibility for regional sports authority districts, department of health and human services information technology systems, the railway tracks overpass and underpass fund, and eligibility for entities to receive financial assistance from both the Iowa major events and tourism fund and the sports tourism infrastructure program, and including effective date provisions. (Formerly SSB 3187.) Effective date: 06/02/2026, 07/01/2026.

IA HSB308

A bill for an act relating to the low-income home energy assistance program eligibility requirements.

IA HF2772

A bill for an act relating to and making appropriations for the economic development of the state, including to the economic development authority, Iowa finance authority, department of workforce development, and state board of regents and certain regents institutions, and codifying the housing renewal program. (Formerly HSB 773.) Effective date: 07/01/2026

IA HSB773

A bill for an act relating to and making appropriations for the economic development of the state, including to the economic development authority, Iowa finance authority, department of workforce development, and state board of regents and certain regents institutions, and codifying the housing renewal program.(See HF 2772.)

IA HF2792

A bill for an act relating to and making appropriations from the rebuild Iowa infrastructure fund, technology reinvestment fund, and renewable fuel infrastructure fund, providing for related matters including financial assistance eligibility for regional sports authority districts and department of health and human services information technology systems, and including effective date provisions.(Formerly HSB 782.)

Similar Bills

No similar bills found.