Any rental dwelling within the City of Dubuque qualifies.
In this program, income limits do not apply for property owners (borrowers) but to the existing tenants. Tenants' income must not exceed the moderate income limits (80% of area median income, adjusted for family size) for five years. These limits are adjusted annually by the US Department of Housing and Urban Development.
The rent for the property must be kept affordable by meeting Section 8 Voucher Payment Standards for five years.
To be eligible, the condition of the property must qualify as one of the following:
Detrimental to public health and safety
Hazardous to occupants
Generally, this means that in the event the condition (e.g., inadequate or unsafe furnace, hazardous electrical, leaking roof) is not corrected, the dwelling unit will be posted and occupants required to relocate.