This week’s update from the Rebuild Iowa Office:

Disaster assistance for residents and governments in Iowa impacted by this year’s storms, tornadoes and flooding currently stands at more than $1.4 billion.

More than 39,800 Iowans have registered with FEMA for disaster assistance and more than 35,000 Iowans have visited FEMA Disaster Recovery Centers around the state. Of the 85 Iowa counties eligible for federal assistance, 77 are eligible for both individual assistance and public assistance.

Below are the sources that make up the more than $1.4 billion in funding:

· $527 Million State/FEMA Public Assistance
· $257 Million U.S Small Business Administration Loans
· $135 Million State/FEMA Housing Assistance and Other Needs Assistance
· $85 Million 1st Round CDBG Disaster Funds
· $72 Million 2nd Round CDBG Disaster Funds
· $125 Million 3rd Round CDBG Disaster Funds
· $62 Million U.S. Department of Agriculture Funds*
· $40 Million Start-up Funding for Jumpstart Iowa Housing and Business
· $23.5 Million Executive Council Action**
· $25 Million Iowa Finance Authority tax credits
· $23 Million U.S. Department of Transportation Funds
· $17.1 Million Labor/Jobs Assistance
· $11 Million Social Services Block Grant
· $6.5 Million Disaster Unemployment Assistance
· $4 Million Economic Development/Transportation funds
· $4 Million RSP/ISP Crisis Counseling Grant
· $500,000 College Assistance to Families

*Number includes Emergency Watershed Program & Emergency Conservation Program

**Number was decreased from $31.4 million due to further confirmation of Public Assistance numbers

JUMPSTART IOWA UPDATE

Of the more than $1.4 billion in funding, $85 million will be used for the Jumpstart Iowa Initiative. Jumpstart Iowa is a state housing and small business recovery initiative, announced by Governor Culver on Sept. 12. The state’s housing and small business assistance plan brings assistance to Iowans still feeling the effects of this year’s natural disaster. The initial allocations were released to the councils of government and entitlement cities on Sept. 26, with checks flowing to individual Iowans days later. The Jumpstart Iowa Initiative is designed to allow homeowners and businesses to apply for forgivable loans to assist in business rebuilding, home repair and purchase, and interim-mortgage assistance. Below are the latest available figures for the Jumpstart Housing and Small Business Assistance programs statewide:

Jumpstart Housing Update (as of Jan. 15, 2009):

Total number of applicants: 3,667
Total amount requested in those applications: $63.7 million
Total number of applicants approved to-date: 1,818
Total amount obligated: $31 million
Total amount disbursed: $13.9 million
Average award: $16,999
Applications ineligible for the program: 342

Jumpstart Small Business Update (as of Jan. 15, 2009):

Total number of applicants: 798
Total amount requested in those applications: $104.1 million
Total number of applicants approved to-date: 568
Total amount obligated: $18.5 million
Total amount disbursed: $13.3 million
Average award: $32,570
Applications ineligible for the program: 117

Iowans can learn more about the program and how to apply for financial assistance by visiting the Jumpstart Iowa Web site at www.jumpstart.iowa.gov or by calling the toll-free number 1-866-849-0323.

For more information about the state’s recovery and rebuilding efforts, please visit the Rebuild Iowa Web site at www.rio.iowa.gov.