Washington, D.C. - Congressman Dave Loebsack announced today $2,763,341 in funding for housing development in Davenport and Iowa City. The funding comes from the U.S. Department of Housing and Urban Development through the Community Development Block Grants (CDBG) and HOME program.
"This HUD funding will assist communities in Davenport and Iowa City with providing affordable, quality housing to those who are struggling," said Loebsack. "As someone who grew up in poverty, I believe we need to ensure an adequate safety net is in place for Iowans, particularly those who are getting back on their feet in these difficult economic times. This funding will provide better opportunities to succeed for many in eastern Iowa, as well as support economic growth and greater prosperity in Iowa communities."
The CDBG program helps develop more viable communities by investing in local economic development projects and expanded economic opportunities for low- and moderate-income individuals. The HOME program helps to increase the supply of decent, affordable housing to low- and very low-income families by providing grants to fund housing and development initiatives that meet local needs and priorities.
Details of the funding are below:
$1,328,125 - Davenport (CDBG)
$410,918 - Davenport (HOME)
$638,918 - Iowa City (CDBG)
$385,380 - Iowa City (HOME)
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