Rural Housing and Economic Development 1999 Grants

HUD, Jan 20, 2009


MidAmerica Housing Partnership Inc., in Cedar Rapids, IA, will receive a Rural Housing and Economic Development Grant in the amount of $500,000 to build 120 affordable housing units over the next three years. This project will build single family homes by creating a $350,000 rural construction pool fund (for communities evidencing a 25 percent match) and pioneering alternative building methods using renewable resources. The applicant will construct two modified post and beam straw bale houses in a workshop setting. This program will serve 17 counties in Eastern Iowa: Poweshiek, Iowa, Washington, Benton, Buchanan, Cedar, Delaware, Jasper, Jones, Keokuk, Lee, Louisa, Mahaska, Marion, Van Buren, Linn and Clinton. The project leverages over $10,000,000 in other funding. Several of the key partners include USDA, a local utility provider, the EcoYouth Program, Morgan Consulting and Construction, the Fannie Mae Foundation and Corporation, the Iowa Finance Authority and Councils of Government.