Six affordable housing initiatives in Iowa will share in $2.2 million, announced Gov. Chet Culver.
The awards are made through the Affordable Housing Program that’s part of the state’s I-JOBS initiative and administered by the Iowa Finance Authority. Cities, counties, and qualified nonprofits are eligible for the grants.
The latest recipients are:
- Affordable Housing Network, Cedar Rapids: A $1.15 million grant will assist in the acquisition and rehabilitation of 25 flood-impacted homes as a part of the Cedar Rapids Block by Block program.
- City of Davenport: A $349,722 grant will assist in the acquisition and rehabilitation of 10 vacant single-family homes in Davenport that will be sold to eligible home buyers after rehabilitation.
- City of Iowa City: A $250,000 grant will assist in the acquisition and rehabilitation of five single-family homes near the University of Iowa campus as part of the UniverCity Neighborhood Partnership Program. The initiative is an effort between the city and the university to encourage homeownership and reinvestment in the neighborhoods surrounding the campus.
- Habitat for Humanity of Marion County: Habitat for Humanity of Marion County will use a $200,000 grant to assist in the construction of four single-family homes. Two homes will be built in both Knoxville and Pella. Home buyers will receive financial, home repair, homeownership, and foreclosure prevention education. Habitat for Humanity of Iowa will administer the grant.
- Kalona Valley Apartments, Inc., Kalona: A $150,000 grant will assist in the addition of five affordable rental units for the elderly and persons with disabilities at the Kalona Valley Apartments in Kalona. The property currently includes 43 rental units and maintains a waiting list of prospective tenants.
- Northeast Iowa Community Action Corp.: A $150,000 grant will assist in the construction of three single-family homes to be located in Garnavillo, Oelwein, and Tripoli as part of Northeast Iowa Community Action Corp.’s Rent to Own Program. Eligible households will rent the homes and prepare for homeownership. Participating households are expected to be ready to purchase the home within one to three years.