iowa-finance

Governor Reynolds announced a total of $4 million in grant awards to assist the communities of Burlington, Grinnell, Keokuk, Mason City, and Washington in the rehabilitation of a total of 131 owner-occupied and rental homes through the Home Rehabilitation Block Grant Pilot Program.  Washington will use the grant funds to rehabilitate a minimum of 12 homes in the area surrounding the downtown business and commercial district. Funds will be used for exterior and interior repairs that ensure code compliance, extend the useful life of the property and address health and safety issues and concerns. The pilot program had $4 million in eligible funds available and received applications totaling nearly $4.5 million. Applications were scored on a competitive basis and included criteria such as housing need, impact, community readiness, public/private partnerships and additional funds leveraged. The projects awarded funding are leveraging an additional $3.3 million in additional funding. The Home Rehabilitation Block Grant Pilot Program was created as a part of Gov. Reynolds’ $100 million investment to increase the supply of housing options and protect and expand housing opportunities for Iowans to live in or near the communities where they work. The funds are made available through Federal American Rescue Act State and Local Fiscal Relief Funds