FOREST CITY, Iowa - An incentive program in Forest City is aiming to attract and retain residents.
Under the 'New Resident Rent Incentive' program, the city will pay up to 25% of a new resident's monthly rent for one year (no more than $3,000 per year).
Brian Current is a landlord for a set of apartments in Downtown, and hopes the financial help will bring a positive population boom to the community.
"Between the Chamber and Beth with Economic Development and the City Administrator Barb and the City Council, they've done a really good job of trying to make things affordable for people in Forest City."
To qualify for rental assistance, residents must be employed by a Forest City business and have a household income at or below 80% of the Winnebago County Median Income.
Current adds that the program also attracts both high school and Waldorf graduates in addition to new residents.
"We've been able to help some new people to the community that will come and rent from us 'til they can find suitable housing, when they're looking for homes and just haven't found anything yet," Current says.
The incentive is one of 5 the city is offering, including New Construction, Renovating Single Family Rental Properties, and Housing Repair.