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University of Iowa News Release

 

April 21, 2009

MEDIA ADVISORY: Gov. Culver to sign jumpstart housing bill and hold news conference at Old Capitol today, April 21

WHAT: Iowa Gov. Chet Culver will sign a jumpstart housing bill, Senate File 289, to ease rules for Jumpstart Iowa Housing recipients and host a news conference. The UI flag will also be flown at half-staff in honor of Cpl. Jason Pautsch, 20, who died on April 10, 2009, while serving in Iraq. UI President Sally Mason will introduce Culver.

WHEN: 12:30 p.m. today, Tuesday, April 21.

WHERE: In the Governor's Office at Old Capitol on the University of Iowa campus.

BACKGROUND: Legislation to ease rules for flooded homeowners receiving Jumpstart Housing assistance will be signed into law by Culver today, Tuesday, April 21 at the Old Capitol in Iowa City. The legislation reduces the amount of time, from 10 years to five years, state-funded Jumpstart Iowa recipients must stay in their homes before their entire Jumpstart loan is forgiven.

"Thousands of Iowans have benefited from the state's Jumpstart Iowa Housing Program since it was created last fall," Culver said. "With this legislation, we are giving a little more help to these who have already suffered so much. This is one of many efforts, including the I-JOBS initiative, to rebuild our state from last year's natural disasters as well as strengthen our economy during the current national recession."

In September, Culver created the Jumpstart Program to help home and business owners affected by last year's flooding and severe weather. One component -- the Jumpstart Housing Program -- provided homeowners 10-year forgivable loans for repairing their damaged structure or purchasing a new house. Under SF 289, Culver and the legislature are helping homeowners by reducing the terms of the forgivable loans to five years. The legislation was passed unanimously by the House and Senate.

Today's bill signing ceremony and news conference will be the second time this year Culver has done work from Iowa's Old Capitol. In March, the governor held a community meeting on flood-related issues in the old Senate Chambers and signed a proclamation declaring Flood Awareness Month, the first time a sitting governor used the old Governor's Office in more than 150 years.

STORY SOURCE: University of Iowa News Services, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500

MEDIA CONTACTS: Linda Kettner, University Relations, 319-384-0030, linda-kettner@uiowa.edu; Troy Price, Governor's Office, 515-281-0173, troy.price@iowa.gov