AHEAD Regional Housing Trust Fund

Affordable Housing Enterprises And Development
https://www.area15rpc.com/rhtf   (641) 684-6551  Matt Naumann

OWNER-OCCUPIED HOUSING APPLICATION - APPROVED

PROGRAM REQUIREMENTS

The Applicant(s) must own and occupy the property throughout the term of the agreement. Housing units being purchased “on contract” are ineligible. Housing unit must have an assessed dwelling value of $20,000 or greater.

The Applicant(s) must be current with all loans, taxes, property insurance and utility payments related to this real estate. Applicant(s) must provide proof that insurance coverage is in effect.

The Applicant(s) will be required to complete, sign and agree to all program paperwork including but not limited to: application, additional asset and other information, authorization of a credit review and the required loan documents.

Applicant(s) with incomes below 30% median income are required to have at least 25% equity in the home. Applicants above 30% median family income must have a minimum of 10% equity in the housing unit.

The financing of projects that receive approval will be provided in the form of low interest loans based on the following factors:

Households at or below 30% of the MRB/HUD Income Limits (see attached Income Limits)

• Eligible for deferred loan for up to $12,000 for owner-occupied housing repair/rehabilitation.

  1. o Deferred loans will be repaid at the time of transfer of the real estate to another party.

  2. o No homeowner match is required for repair/rehabilitation -or-URGENT repair loans.

Households between 31% and 50% of the MRB/HUD Income Limits (see attached Income Limits)

• Eligible for 0% interest loan for up to $12,000 for owner-occupied housing repair/rehabilitation.

  1. o Loans up to $7,500 will be amortized over a five (5) year period with payments due monthly.

  2. o $7,501 -$10,000 will have a seven (7) year repayment period with payments due monthly.

  3. o $10,001 -$12,000 will have a ten (10) year repayment period with payments due monthly.

  4. o A 10% match is required for repair/rehabilitation -and-URGENT repair loans.

Households between 51% and 65% of the MRB/HUD Income Limits (see attached Income Limits)

• Eligible for 1% interest loan for up to $12,000 for owner-occupied housing repair/rehabilitation.

  1. o Loans up to $7,500 will be amortized over a five (5) year period with payments due monthly.

  2. o $7,501 -$10,000 will have a seven (7) year repayment period with payments due monthly.

  3. o $10,001 -$12,000 will have a ten (10) year repayment period with payments due monthly.

  4. o A 15% match is required for repair/rehabilitation -and-URGENT repair loans.

Households between 66% and 80% of the MRB/HUD Income Limits (see attached Income Limits)

• Eligible for 2% interest loan for up to $12,000 for owner-occupied housing repair/rehabilitation.

  1. o Loans up to $7,500 will be amortized over a five (5) year period with payments due monthly.

  2. o $7,501 -$10,000 will have a seven (7) year repayment period with payments due monthly.

  3. o $10,001 -$12,000 will have a ten (10) year repayment period with payments due monthly.

  4. o A 25% match is required for repair/rehabilitation -and-URGENT repair loans.

There will be a one percent (1%) processing fee collected from the applicant at loan closing. Example $12,000 loan = $120 fee. All monthly repayments will be made through automatic checking account deductions (ACH). Matching funds, if required, will be collected and held in escrow by the RHTF at loan closing. The AHEAD RHTF must be listed as a “loss payee” on the applicant’s homeowners insurance for the life of the loan. Proof of

insurance must be provided to the RHFT annually for the life of the loan. All applicants will be required to give a detailed description of the planned improvements/repairs and projected costs.

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PROGRAM REQUIREMENTS (continued)

Applicants will be required to obtain at least one itemized quote for the proposed repair/improvements to the property and maybe asked to provide photographs of the current condition to justify the needed repairs. On some occasions, the AHEAD RHTF may require bids.

Upon completion, written verification/certification from the contractor will be required. (All work must be completed within six months from the date of the written quote.)

Contractor verification/certification must state that the work specified in the quote and approved for funding has been completed in full, and must be signed and dated by both the contractor and owner. Payment will be made within 30 days from receipt of the verification/certification form.

A joint check will be made payable to the applicant and the contractor.

AHEAD Regional Housing Trust fund (RHTF) reserves the right to inspect all work to insure that the work has been satisfactorily completed and complies with all local housing codes. The AHEAD RHTF agrees not to discriminate based upon race, color, national origin, religion or creed, sex, sexual orientation, gender identity, age, disability, mental or physical, membership in class, such as unmarried mothers or recipients of public assistance, or familial status. Priority will be given to meet income target goals as stated in the Housing Assistance Plan.

MRB/HUD INCOME LIMITS: (for households with more than six persons please visit: www.area15rpc.com )

Persons in 80% 65% 50% 30%
Household Median Income Median Income Median Income Median Income
1 $ 63,760 $ 51,805 $ 39,850 $ 23,910
2 $ 63,760 $ 51,805 $ 39,850 $ 23,910
3 $ 73,324 $ 59,575 $45,827 $ 27,496
4 $ 73,324 $ 59,575 $45,827 $ 27,496
5 $ 73,324 $ 59,575 $45,827 $ 27,496
6 $ 73,324 $ 59,575 $45,827 $ 27,496

Iowa Finance Authority (IFA) – June 5, 2020   

COUNTY RHTF ASSISTANCE CONTACTS:

Davis County Development Corp. Davis County ATTN: RHTF Committee Bloomfield, P.O. Box 159

Mahaska County LOVE, Inc. Barnes City, Beacon, ATTN: RHTF Committee

Fremont, Leighton, New 500 High Ave. W

Drakesville, Floris,

Pulaski Bloomfield, IA 52537 Sharon, Oskaloosa, Rose Oskaloosa, IA 52577 641.664.2300 Hill, University Park 641.676.3750

Jefferson County Fairfield Economic Development Assoc. Van Buren County Villages of Van Buren Batavia, Fairfield, ATTN: RHTF Committee Birmingham, Bonaparte, ATTN: RHTF Committee Libertyville, Lockridge, 101 North Court Cantril, Farmington, P.O. Box 9

Maharishi Vedic City,

Packwood, Pleasant Fairfield, IA 52556 Keosauqua, Milton, Keosauqua, IA 52565 Plain 641.472.3436 Stockport 319.293.7111

Keokuk County Keokuk County Supervisors Delta, Harper, ATTN: Michael Hadley Hayesville, Hedrick, 101 S. Main Street

Wapello County Wapello Co. Supervisors Agency, Blakesburg, ATTN: RHTF Committee Chillicothe, Eddyville, 215 North Court Street

Keota, Ollie, Richland,

Sigourney, South Sigourney, IA 52591 Eldon, Kirkville, Ottumwa, IA 52501 English, What Cheer 641.622.2902 Ottumwa 641.682.4563

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APPLICATION

This application must be completed in its entirety in either legible printing in ink or be typewritten. Please use the back side if you need additional space to complete the application. Submit completed applications to your respective County RHTF Review Committee.

APPLICANT(S) INFORMATION

APPLICANT FIRST NAME
Frederick

MI
J.

LAST NAME
Shaddock

CO-APPLICANT FIRST NAME
 		MI LAST NAME
 
CURRENT ADDRESS
806 North 4th Street		CITY
Fairfield		STATE
IA		ZIP CODE
52556
PHONE NUMBER
641-472-5830
 		CELL PHONE
641-819-8006		EMAIL ADDRESS

Fred@Shaddock.net

NAME(S) ON TITLE OF THIS PROPERTY
Frederick Shaddock/Oksana

MORTGAGES(S) ON THIS PROPERTY
Chase Mortgage    1156972147

NAME AND ADDRESS OF MORTGAGE HOLDER(S) BALANCE OF ALL OUTSTANDING MORTGAGES ON THIS PROPERTY:
J.P. Chase Mortgage Bank, N.A.
Home Lending
3415 Vision Drive, OH  4-7214
Columbus, OH  43219-6009
 

$60,350 left


 


 

HOUSEHOLD COMPOSITION

LIST THE HEAD-OF-HOUSEHOLD (APPLICANT) AND ALL OTHER PERSONS WHO WILL BE LIVING AT THIS PROPERTY. GIVE RELATIONSHIP OF EACH HOUSEHOLD MEMBER TO THE HEAD.

HOUSEHOLD MEMBER FULL NAME RELATIONSHIP DATE OF BIRTH AGE SEXRACE ETHNICITY DISABLED MM/YY LAST ATTENDED SCHOOL FULL TIME MARITAL STATUS CURRENT STUDENT Y/N LAST 4 OF SSN
Frederick ShaddockHEAD-OF-HOUSEHOLD 10/07/5570M1 w2 nh2 no06/1981Sep.N 8343

RELATIONSHIP TO HEAD-OF-HOUSEHOLD: S-SPOUSE; A-ADULT CO-TENANT; O-OTHER FAMILY MEMBER; C-CHILD; F-FOSTER CHILD; L-LIVE-IN CARETAKER; N-NONE OF THE ABOVE MARITAL STATUS: M-MARRIED; S-SINGLE; D-DIVORCED; SP-SEPARATED; W-WIDOW/WIDOWER RACE: 1-WHITE; 2-BLACK/AFRICAN AMERICAN; 3-AMERICAN INDIAN/ALASKAN NATIVE; 4-ASIAN; 5-NATIVE HAWAIIAN/PACIFIC ISLANDER; NOT AVAILABLE-LEAVE BLANK ETHNICITY: 1-HISPANIC OR LATINO; 2-NOT HISPANIC OR LATINO; NOT AVAILABLE-LEAVE BLANK DISABLED: 1-YES; 2-NO; NOT AVAILABLE-LEAVE BLANK

 

OWNER-OCCUPIED Application: July 2020    

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Please answer ALL of the following questions:

1. IS THERE ANYONE CURRENTLY LIVING WITH YOU THAT IS NOT ON THIS APPLICATION?

YES NO

IF YES, PLEASE EXPLAIN:

  1. PROVIDE THE NAME(S) OF ANY PERSON(S) NOT LISTED ON THIS APPLICATION WHO EXPECTS TO MOVE INTO THE HOME DURING THE NEXT 12 MONTHS -OR-ANY ANTICIPATED CHANGES TO HOUSEHOLD COMPOSITION:
    Wife who is separated and lives in a condo in Washington DC may visit.
     

  2. HAVE YOU OR ANYONE NAMED ON THIS APPLICATION EVER BEEN CONVICTED OF A CRIME OTHER THAN A SIMPLE MISDEMEANOR?

    YES NO

IF YES, PLEASE EXPLAIN BELOW:

HOUSEHOLD INCOME INFORMATION ALL INFORMATION WILL BE VERIFIED BY A THIRD PARTY

FOR EACH HOUSEHOLD MEMBER AGE 18 OR OLDER, LIST CURRENT AND ANTICIPATED INCOME FOR THE 12-MONTH PERIOD COMMENCING OR ANTICIPATED FROM THE DATE OF THIS APPLICATION. INCLUDE ALL FULL-TIME, PART-TIME OR SEASONAL EMPLOYMENT.

DOES ANY HOUSEHOLD MEMBER RECEIVE -OR-EXPECT TO RECEIVE YES NO MONTHLY AMOUNT
1 WAGES, SALARIES (INCLUDE OVERTIME, TIPS, BONUSES, COMMISSIONS, SELF-EMPLOYMENT) Y $ 400
2 DOES ANY HOUSEHOLD MEMBER WORK FOR SOMEONE WHO PAYS HIM/HER CASH $
3 REGULAR PAY FOR A MEMBER OF THE ARMED FORCES? $
4 WELFARE OR DISABILITY BENEFITS (AFDC, TANF, FIP, SSDI OR SSI)    $121
5 WORKER’S COMPENSATION $
6 UNEMPLOYMENT BENEFITS OR SEVERANCE PAY $
7 CHILD SUPPORT OR ALIMONY $
8 EDUCATION GRANTS, SCHOLARSHIPS OR VA STUDENT BENEFITS    $
9 SOCIAL SECURITY PAYMENTS $813
10 PENSIONS (PERA, RAILROAD, ETC.)    $
11 DEATH BENEFITS $
12 RETIREMENT BENEFITS $
13 ANNUITIES OR LIFE INSURANCE DIVIDENDS $
14 LUMP SUM PAYMENTS (INCLUDE INHERITANCE, INSURANCE SETTLEMENTS, LOTTERY WINNINGS, ETC.)    $
15 NET INCOME FROM RENTAL PROPERTY $
16 REGULAR CASH CONTRIBUTIONS OR GIFTS FROM INDIVIDUALS NOT LIVING IN THE UNIT $
17 OTHER (PLEASE LIST) $
TOTAL $1334

THE FOLLOWING SECTION MUST BE COMPLETED FOR EACH INCOME SOURCE LISTED AS YES. IF A HOUSEHOLD MEMBER HAS MORE THAN ONE SOURCE OF INCOME FROM THE SAME QUESTION, USE SEPARATE LINE FOR EACH SOURCE. FAILURE TO COMPLETE THIS SECTION IN ITS ENTIRETY WILL DELAY THE APPLICATION PROCESS. USE BACK OF SHEET IF ADDITIONAL SPACE IS NEEDED

QUESTION # HOUSEHOLD MEMBER SOURCE OF INCOME NAME START DATE SOURCE OF INCOME MAILING ADDRESS
         
         
         
         

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HOUSEHOLD ASSETS
ALL INFORMATION WILL BE VERIFIED BY A THIRD PARTY
DOES ANY HOUSEHOLD MEMBER HAVE YES NO AMOUNT
1 CHECKING ACCOUNTS $ 121
2 SAVINGS ACCOUNTS $ 100
3 STOCKS $ 423
4 BONDS $ 0
5 MUTUAL FUNDS $ 0
6 CAPITAL INVESTMENTS $ 0
7 TRUSTS $ 0
8 SECURITIES, TREASURY BILLS $ 0
9 TREASURY BILLS $ 0
10 IRA/KEOGH ACCOUNTS $ 0
11 CERTIFICATES OF DEPOSIT (CD) $ 0
12 PENSION RETIREMENT FUNDS $ 0
13 INSURANCE SETTLEMENT $ 0
14 SAFE DEPOSIT BOX $ 0
15 OTHER (LIST) $ 0
16 CURRENTLY HOLD A CONTRACT FOR A REAL ESTATE DEED $ 0
17 REAL ESTATE OTHER THAN THIS PROPERTY $ 0

IF YES, PLEASE LIST LOCATION(S), NUMBER OF ACRES OWNED, ANY EXPENSES (TAXES, INSURANCE, ETC.) AND ANY INCOME RECEIVED:

18 COINS, ANTIQUE CARS, GEMS/JEWELRY, STAMPS OR ANY OTHER ITEMS HELD FOR INVESTMENT PURPOSES

$ 0

19 ASSETS HELD JOINTLY WITH ANOTHER PERSON (LIST ASSET AND NAME OF PERSON BELOW)

$ 0

THE FOLLOWING SECTION MUST BE COMPLETED FOR EACH ASSET SOURCE LISTED AS YES. IF A HOUSEHOLD MEMBER HAS MORE THAN ONE SOURCE OF ASSET FROM THE SAME QUESTION, USE SEPARATE LINE FOR EACH SOURCE. FAILURE TO COMPLETE THIS SECTION IN ITS ENTIRETY WILL DELAY THE APPLICATION PROCESS. USE BACK OF SHEET IF ADDITIONAL SPACE IS NEEDED

QUESTION # HOUSEHOLD MEMBER SOURCE OF INCOME NAME START DATE SOURCE OF INCOME MAILING ADDRESS
         
         
         

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PLEASE ATTACH A COPY OF THE MOST RECENT FEDERAL INCOME TAX RETURN FOR EACH MEMBER OF THE HOUSEHOLD REQUIRED TO FILE TAXES. THOSE NOT REQUIRED BY LAW TO FILE MUST PROVIDE INCOME INFORMATION FOR EACH SOURCE OF INCOME. (W-2s, SOCIAL SECURITY BENEFITS, ETC.)

PROJECT DESCRIPTION

Briefly describe the planned improvements. Please attach additional information to back of application.

House pipes are clay from 1935 when house was built. Pipes have cracked and get clogged often, causing a very bad smelling water and sewage to flood the basement, requiring Roto Rooter to come, often for $350 per cleaning. It is very expensive for my Social Security income and very embarassingto guests. It is time, after 91 years for the house sewer line to be modernized to polyvinyl chloride PVC pipes and finally stop the clogging and high expense. Quotes have been obtained by local contractors, and Drish Construction has much experience and good references .

Estimated total cost of planed improvements/repairs: $ 12000 - $13500

Amount of Financial Assistance requested from the RHTF: $  12000

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REQUIRED ATTACHMENTS Checklist:

1 - Copy of Deed Holder’s legal photo identification (driver’s license, military ID, etc.)
    01ID

2 - PROOF of PROPERTY OWNERSHIP (copy of Deed with legible legal description of property)
    www.FairfieldIowa.US/house/deed
    02Deed

 3 - PROOF of PROPERTY INSURANCE (copy of policy/coverage showing effective dates)
        Travelers House insurance 987644253 (billed with mortgage)
        03PropIns

4 - Verification that PROPERTY TAXES are current
        04PropInterestTax
        MortgageInterest1098.pdf
        ChaseEscrowStatementTaxIns2025.pdf - Chase Mortgage pays the Taxes $2578 and Insurance $1771 as part of my monthly payment

5 - Verification that UTILITY accounts are current
        05Utilities  Alliant Energy and Fairfield Water

6 - FEDERAL INCOME TAX RETURN with W-2s attached for ALL wage-earners in the household
    06FedIncTax 2025

7 - VERIFICATION OF EMPLOYMENT INCOME for ALL wage-earners in the household (payroll stub no older than thirty (30) days.)
    Full time student
    07Employment

 

8 - VERIFICATION OF OTHER INCOME for ALL persons in the household (Pensions, Social Security, Unemployment Compensation, Child Support, etc.)
    08SocSec

9 - AT LEAST one (1) signed, itemized contractor cost estimate detailing REHABILITATION or URGENT REPAIR activities. The AHEAD RHTF may require estimates from more than one (1) contractor.  (Contractors must be registered with the State of Iowa and have appropriate insurance coverage)
    09Estimate - from 3-4 contractors

Additional Attachment for URGENT REPAIR projects only:

10 - VERIFICATION OF URGENT NEED. Please provide documentation from city/county official (building inspector, code enforcement official, county sanitarian, health department, etc.), fire department, insurance company, utility company, or other entity that validates the immediate/emergency need for repairs.
    10Need  - 1930 clay sewage pipes after 96 years have cracked from roots, requiring frequent calls to Roto Rooter every season at $300 each.

 

APPLICANT CERTIFICATION

I/we, by signing below certify that I/we are the legal the owner(s) of the property with a legal right to construct, rehabilitate and enter into loans and contracts committing the property as collateral as necessary. I/we certify by signing below that the information provided above is complete, true and correct and that each household member is represented above including all income and asset information. It is understood that the above information is being collected to determine eligibility. I/we authorize the AHEAD RHTF or its appointed representative to verify all information provided on this application and to contact current sources for credit and certification information which may be released to appropriate Federal, State, or local agencies. I/we understand that additional information may be required to determine eligibility. I/we understand that providing false statements or information is punishable under State and/or Federal law.

Signature of Applicant

Date
11/25/2025

Signature of Co-Applicant Date
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OWNER-OCCUPIED Application: November 25, 2025

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I am separated from my wife with a divorce pending (case CDCV402064), and file taxes as , Married Filing Separately (MFS) at 806 North 4th Street, Fairfield, IA 52556. My divorce in Jefferson County Iowa is pending with a hearing scheduled for April 27, 2026 in Jefferson County family court. Oksana, lives and works in Washington DC in a condo.  She does not contribute anything to my finances or household expenses. We lived apart with no shared resources for almost all of 2025. My only income is Social Security ($10,320), SSI ($1,560). I qualify for SNAP food assistance of approximately $210 per month. I pay the full Chase mortgage of approximately $1,000 per month on the house (jointly deeded with my spouse), which uses up virtually all my income. Renting is impractical until the sewer pipe is fixed, to keep flushing to a minimum, to prevent the need for Roto Rooter, $350 per cleaning. The remaining living expenses are covered by an $11,830 student loan from Sofia University for an online PhD program to improve my computer skills, expected graduation ~2030; $2,000 for tuition and the rest for living expenses. These are repayable loans and are not income. I am a full-time student and have no other sources of support.

 

AHEADapplicication.pdf

224 East Second Street
Ottumwa, IA  52501