CUOMO ANNOUNCES $4.9 MILLION IN HOUSING AID FOR IOWA FOR ELDERLY, PEOPLE WITH DISABILITIES AND HOMEOWNERSHIP

Housing and Urban Development Secretary Andrew Cuomo today awarded $4.9 million to Iowa non-profit groups to create subsidized housing for poor senior citizens and people with disabilities, and to fund counseling grants to help increase homeownership in the state.

In Iowa, $4.9 million of HUD assistance will fund construction or rehabilitation of 54 apartment units for senior citizens and 10 apartment units for people with disabilities, and will also provide rental assistance subsidies on all of these units for five years. The units will be located in Cedar Rapids, Davenport, and Onawa.

Cuomo said another $17,300 in housing counseling grants will go to: Hawkeye Area Community Action Program, Inc., in Cedar Rapids ($9,800), and Family Management Credit Counselors, Inc., in Waterloo ($7,500) to boost homeownership in Iowa.

Cuomo made the announcement via TV satellite with Congressman Jim Leach in Washington, and with Davenport Mayor Phillip Yerington in Iowa.

http://archives.hud.gov/news/1998/pr98-601.html

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