Governor Culver Announces $29 Million in Housing and Disaster Recovery Awards
DES MOINES, IA – May 13, 2010 – (RealEstateRama) — Governor Chet Culver today announced $29 million in housing fund awards to 47 recipients through Community Development Block Grants (CDBG) and the HOME Investment Partnership Program (HOME). Also announced were an additional nine awards that received funding as a part of the $516.7 million in Community Development Block Grant (CDBG) Disaster Recovery Funds announced in October 2009. The Iowa Department of Economic Development received the CDBG allocations from the U.S. Department of Housing and Urban Development.
“These projects support the foundation of Iowa communities through safe and affordable housing, which is a necessary component for vital communities,” Governor Culver said. “This is another resource that is part of our effort to move Iowa forward.”
Twenty-five percent of the CDBG allocation to IDED is designated for housing and compiled into a housing fund. The CDBG program works to ensure decent affordable housing, to provide services to the most vulnerable in our communities, and to create jobs through the expansion and retention of businesses. (www.hud.gov)
The HOME Program helps to expand the supply of decent, affordable housing for low- and very low-income families by providing grants or loans to local governments or developers. They use the HOME grant/loan to fund housing programs that meet local needs and priorities. HOME funds may be used to help renters, new homebuyers, or existing homeowners. (www.hud.gov)
2010 Housing Fund “Conditional” Awards
| Willoway Heights, L.L.C. |
$540,000 |
acquisition and rehabilitation of a senior housing project |
| Upper Des Moines Opportunity |
$900,000 |
rehabilitation of 25 apartments in Spencer, Iowa |
| Habitat for Humanity of Iowa |
$423,000 |
homeownership assistance for 11 first-time homebuyers |
| Carroll |
$362,500 |
rehabilitation of 10 units with down payment assistance |
| Mason City |
$312,500 |
assistance for eight first-time homebuyers |
| Manchester |
$252,000 |
assistance to seven first-time homebuyers |
| Postville |
$312,800 |
assistance to eight first-time homebuyers |
| Ottumwa |
$411,192 |
assistance to eight first-time homebuyers |
| West Bend |
$213,400 |
rehabilitation of six owner-occupied, single-family units |
| Emmetsburg |
$247,200 |
rehabilitation of eight owner-occupied single-family units |
| Sheffield |
$296,920 |
rehabilitation of eight owner-occupied single-family units |
| Garnavillo |
$234,600 |
rehabilitation of six single-family owner-occupied units |
| Redfield |
$212,994 |
rehabilitation of six owner-occupied single-family units |
| Swea City |
$296,920 |
rehabilitation of eight single-family owner-occupied units |
| Seymour |
$237,494 |
rehabilitation of six single-family owner-occupied units |
| Elgin |
$233,994 |
rehabilitation of six single-family owner-occupied units |
| Storm Lake |
$307,500 |
rehabilitation of 10 single-family owner-occupied units |
| Paullina |
$197,700 |
rehabilitation of six single-family owner-occupied units |
| Avoca |
$378,000 |
rehabilitation of 10 single-family owner-occupied units |
| Fayette |
$312,800 |
rehabilitation of eight single-family owner-occupied units |
| Griswold/Scott County Housing |
$388,000 |
rehabilitation of 10 single-family owner-occupied units |
| Alliance |
$480,900 |
assistance to 40 first-time homebuyers |
| Mason City Housing Authority |
$214,215 |
tenant based rental assistance of 30 units towards rental subsidy |
| Downtown Partners, Inc. |
$855,000 |
upper story rental rehab. of 14 apartments in Burlington, Iowa |
| Mount Pleasant |
$164,999 |
upper story rehabilitation of three apartments |
| NE Iowa Community Action Corp. |
$200,000 |
construction of 3 new single-family homes |
| West Burlington |
$369,990 |
rehabilitation of 10 single-family owner-occupied units |
| Wellman |
$226,234 |
rehabilitation of six single-family owner-occupied units |
| Washington |
$218,234 |
rehabilitation of six single-family owner-occupied units |
| Readlyn |
$210,269 |
rehabilitation of six single-family owner-occupied units |
| Sumner |
$269,292 |
rehabilitation of eight single-family owner-occupied units |
| Dakota City |
$230,884 |
rehabilitation of six single-family owner-occupied units |
| Lenox |
$202,500 |
rehabilitation of five single-family owner-occupied units |
| Polk County |
$353,988 |
rehabilitation of 12 single-family owner-occupied units |
| Iowa Falls |
$329,990 |
rehabilitation of 10 single-family owner-occupied units |
| Corydon |
$237,536 |
rehabilitation of six single-family owner-occupied units |
| Truro |
$202,500 |
rehabilitation of five single-family owner-occupied units |
| Stratford |
$295,770 |
rehabilitation of eight single-family owner-occupied units |
| Maquoketa |
$423,988 |
rehabilitation of 12 single-family owner-occupied units |
| Fort Des Moines Sr. Housing, LLLP |
$900,000 |
construction of a 60-unit apartment complex for Seniors 55+ |
| South View Sr. Apartments II, LLLP |
$703,833 |
construction of a 40-unit apartment complex for Seniors 55+ |
| Legacy Manor, LP |
$900,000 |
construction of a three-story apartment building for Seniors 55+ |
| Olive St. Brickstone Housing, LLLP |
$232,000 |
construction of a 21-unit apartment complex |
| Christ the King Sr. Housing, LLLP |
$900,000 |
construction of a 28-unit apartment complex for Seniors 55+ |
| Woodland West Associates, LP |
$900,000 |
renovation of two apartment buildings |
| MLK Brickstone II, LP |
$520,000 |
construction of a 30-unit apartment building for families |
| 428 Walker |
$275,000 |
renovation of 11 apartments for families |
On Oct. 2, Governor Culver announced that the $516.7 million CDBG action plan was approved by the Department of Housing and Urban Development (HUD). The following awards are the most recent allocations that have been made under the CDBG action plan. These will supplement funds already allocated to disaster affected areas.
Community Development Block Grant (CDBG) Disaster Recovery Funds.
| Ft. Des Moines Sr. Housing, LLLP |
$2,421,549 |
construction of a 60-unit apartment complex for Seniors 55+ |
| South View Sr. Apts. II, LLLP |
$835,051 |
construction of a 40-unit apartment complex for Seniors 55+ |
| Legacy Manor, LP |
$2,060,267 |
construction of a three-story apartment building for Seniors 55+ |
| Olive St. Brickstone Housing LLLP |
$1,118,807 |
construction of a 21-unit apartment complex |
| Christ the King Sr. Housing, LLLP |
$622,708 |
construction of a 28-unit apartment complex for Seniors 55+ |
| Woodland West Associates, LP |
$2,280,000 |
renovation of two apartment buildings |
| MLK Brickstone II, LP |
$1,100,580 |
construction of a 30-unit apartment building for families |
| Walker Corners, LLC |
$214,234 |
renovation of 11 apartments for families |
| Sugar Creek Bend, LLLP |
$630,470 |
construction of 20 single family homes |
