A bill for an act providing for the establishment of a disaster assistance grant program, and making appropriations.

HF 499 establishes a state-funded disaster assistance grant program administered by the Iowa Finance Authority. It provides grants to Iowa homeowners whose primary residences suffered natural disaster damage not fully covered by their insurance or other available state/federal aid. The bill creates a dedicated fund in the state treasury to support these grants, with unspent funds carrying over annually. Homeowners must demonstrate damage exceeding their insurance coverage and other assistance to qualify, and the Authority will develop application procedures and guidelines.