Thursday, October 9, 2008

Jumpstart Update Info

Hi All,

Following is the url for Jumpstart Iowa assistance. Jumpstart Link (click on it)

I know folks have discussed the program via the neighborhood email list, but I'm wanting to be sure that everyone has an opportunity to ask questions of the City staff per their particular situation. Those in attendance at Monday's meeting know that the program guidelines are presenting some unintended outcomes. Steve Long (stephen-long@iowa-city.org), Elenor Dilkes (eleanor-dilkes@iowa-city.org), Jeff Davidson (jeff-davidson@iowa-city.org) and Michael Lombardo (michael-lombardo@iowa-city.org) need our questions so they can pursue both the needed answers and understand the varied circumstance we are working from as we try to move forward.

Elenor Dilkes is pursuing an answer to Morris' question, a question many folks have: Can a pre-flood appraisal, done after the flood, be used to determine to the buyout amount, instead of the current assessed value? An appraisal done within the past year will work, as you may remember from earlier presentations. The FEMA desk reference explains that: "Communities may offer homeowners who agree to participate in a buyout project up to the fair market value of the home BEFORE the disaster struck. A licensed appraiser hired by the community determines the fair market value." My sense is that the City is working from this basis.

For the purpose of filing our taxes, we are having MRS do a pre and post flood appraisal.

One of the questions folks who are on the HMGP application are asking is, "should I go ahead and heat my home minimally so as to be sure the foundation does not crack." I am hoping the City will be able to send HMPG homeowners further clarification of the process now that the application id being made. We have also attached the HMPG buyout map.

Best,
Steve





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