Natural Hazard Mitigation Financing Program

How it works

Iowa Code chapter 29D creates the Natural Hazard Mitigation Financing Program as a joint undertaking of the Department of Homeland Security and Emergency Management and the Iowa Finance Authority. The program is for making loans available to eligible entities to finance all or part of the costs of a project.

What the money covers

The statute defines a “project” as an activity or set of activities that mitigate the impact of natural hazards. Wildfires are explicitly listed as one of the hazards. The law also says projects may include zoning and land use planning changes and establishing and enforcing building codes.

Amounts and matching

The reviewed statute does not state a loan cap, interest rate, repayment term, or homeowner match requirement.

How to apply

The statute itself creates the program and defines terms, but the page reviewed does not give a homeowner-facing application process.

Timing and deadlines

The statute reviewed does not state an open date, launch date, or application deadline.