265—29.1(16) Definitions. For purposes of this chapter, unless the context otherwise requires:
“Authority” means the Iowa finance authority created in Iowa Code section 16.1A.
“Council of governments” or “COG” means an Iowa council of governments as defined by Iowa Code chapter 28H.
“Disaster-affected home” means a primary residence that is destroyed or damaged due to a natural disaster that occurs on or after June 16, 2021, and that is located in a county that is the subject of a state of disaster emergency proclamation by the governor that authorizes disaster recovery housing assistance.
“Fund” means the disaster recovery housing assistance fund.
“Local program administrator” means the same as defined in subrule 29.2(1).
“Program” means the disaster recovery housing assistance program, except for where the term “program” is used in rule 265—29.8(16).
“Replacement housing” means housing purchased by a homeowner or leased by a renter needed to replace a disaster-affected home that is destroyed or damaged beyond reasonable repair as determined by a local program administrator.
“Retention agreement” means an agreement as described in subrule 29.5(6).
“Retention period” means a period of time during which a retention agreement will remain in place. The retention period will begin on the date of a loan closing or the date repairs are completed and will end five years after the beginning of the retention period.
“State of disaster emergency” means the same as described in Iowa Code section 29C.6(1).
[ARC 7021C, IAB 5/31/23, effective 7/5/23]