The Board of Directors of the Floyd County Housing Trust Fund announces acceptance of applications within its 2020 Furnace Replacement Program. Any qualifying residence within Floyd County may apply.
The Board of Directors is accepting applications within the “Less than 30% Median” and “31% – 50% Median” income categories. The Trust Fund intends to cover 100% of replacement costs for those under 30% median, and 75% within the 31% – 50% category. The adjusted annual income thresholds by number residing in the home:
| Household Size | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| 30% Median | 23,070 | 23,070 | 26,530 | 26,530 | 26,530 | 26,530 | 26,530 | 27,487 |
| 50% Median | 38,450 | 38,450 | 44,217 | 44,217 | 44,217 | 44,217 | 44,217 | 45,812 |
In addition to meeting the income criterion, to qualify applicants must own and occupy the home, be current on property taxes and homeowner insurance, and the existing furnace must be at least 10 years old. Applicants specify their contractor of choice regarding the furnace purchase and installation.
“This is one of the most needed and well-appreciated programs that I have ever been involved with” commented Floyd County Housing Trust Fund Chair Connie Parson. “We have installed over 400 furnaces in Floyd County and encourage all eligible residents to apply.”
Applications shall be accepted from October 1 through December 20, 2019. Applications may be obtained from, and submitted to, the Charles City Area Development Corporation, 401 North Main Street, Charles City, Iowa, 641.228.3020, fax 641.228.4744 or email tfox@charlescityia.com. The application is also posted at www.charlescityia.com. The Trust Fund is reaching out to underserved areas of the county concerning non-English speaking residents. The application is available in Spanish and Tagalog.
