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PATH Program

PATH Brochure June 2015

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PROGRAM OVERVIEW


The Southern Iowa COG Housing Trust Fund (SICOG HTF) administers the Providing Assistance For Teachers Housing (PATH) Program to assist teachers employed within the SICOG HTF region (Adair, Adams, Clarke, Decatur, Madison, Ringgold, Taylor and Union Counties) with the purchase of a home.  Applicants for the PATH loan program must**:
•    Be purchasing their first home in the SICOGHTF Area
•    Be employed as a full time K-12 teacher
•    Meet Income Guidelines (see chart)
•    Submit a Letter of Employment from the public School District with the application


MAXIMUM LOAN AMOUNT
•    The amount is up to $20,000 (not to exceed 30% of purchase price).


PROPERTY ELIGIBILITY - Properties purchased with PATH funds must be single- family residence units, to be used as a primary residence in the SICOG HTF region and eligible School District, which include: detached single-family house, condominiums and townhouses.
Purchase Price Limits   The maximum purchase limit is the same as the Iowa Finance Authority (IFA) purchase price limit for non-targeted areas (FirstHome and FirstHome Plus Programs). This purchase price limit is revised periodically to reflect market trends and posted on the IA IFA website at: http://www.iowafinanceauthority.gov
Current purchase price limit is $250,000 as of June 1, 2012.

**Download pdf of brochure here.

**Download guidelines here.

**Download application here.