Home- and Community Based Services Rent Subsidy Program
The Iowa Finance Authority (IFA) is accepting applications for the Home- and Community-Based Services Rent Subsidy Program. Applications are accepted on an on-going basis. A waiting list has been established, with applications being processed in the order they are received.
The HCBS Rent Subsidy program aids eligible applicants who receive services under Money Follows the Person or a federal Medicaid waiver program called home-and community-based service. The program provides a monthly rent assistance payment to applicants to help them live successfully in their own home until they become eligible for any other local, state or federal rent assistance. In Iowa, the program helps an average of 327 Iowans each month to stay in their home and to remain a part of their community.
The average annual per-person cost of providing Medicaid HCBS waiver-funded supportive services allowing an applicant with disabilities to live in community-based housing, such as tenants assisted through the HCBS Rent Subsidy program is $20,829. This compares to an annual cost of $45,604 for those housed in a nursing facility, $73,283 in a hospital-based facility or $147,983 in an intermediate care facility.