Tuesday, January 21, 2014

Housing Rehab Grant Funds Available


The City of Odebolt had received $289,862 in grant funds from the Iowa Economic Development Authority (IEDA) to rehabilitate the homes of low to moderate income families.

The funds still available will assist 1 household with an average grant of $24,000.  Applications must be turned in by February 1, 2014 to apply.

The Odebolt Housing Rehabilitation Program goals are to eliminate health and safety hazards in the home, increase energy efficiency, minimize homeowner maintenance and expand the life of the home by ten years.    The assistance for the home repairs will be a grant provided as a 5 year forgivable lien to the homeowner.

The successful applicant will meet an income eligibility test, have their property taxes paid to date and their utility bill is current.  No homeowners buying their home on contract can apply.

Assistance will be provided on a first come first served basis.  If there is a pool of eligible applicants, the applicants will then be ranked according to need.

The 2014 income limits for the rehabilitation program are as follows:
1 person       2 person       3 person      4 person      5 person      6 person
 $33,450        $38,200       $43,000      $47,750       $51,600     $55,400

Applications may be picked up at City Hall or by calling JoAnn at 712-792-9914

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