[Masthead] Fair and Breezy ~ 83°F  
High: 86°F ~ Low: 47°F
Friday, May 6, 2016

City of Cherokee receives grant money

Friday, August 31, 2012

The City of Cherokee has received a grant through the State of Iowa to help pay for the cost of rehabilitating approximately ten single-family, residential structures located within a neighborhood as shown on map.

The purpose of the Program is to assist low to moderate income persons to rehabilitate their homes in compliance with Iowa's Minimum Housing Rehabilitation Standards. Typical repairs may include re-roofing, foundation repair, window repair and/or replacement, painting, re-siding, electrical, heating and plumbing work.

The City can provide assistance to make needed repairs for qualified applicants in the form of a deferred payment loan. If the owner occupies, and there is no sale or transfer of the house for five years, there will be no repayment obligation on the deferred loan portion. A sale prior to the five years would likely require at least a partial repayment of the grant funds. A mortgage and promissory note (lien against the property) will be executed and recorded. The amount of the assistance will be base on value of property and amount of work needed.

The home must be a single-family structure and located within the designated neighborhood in the City limits. The applicant must be the owner-occupant and must have resided in the swelling for at least six months prior to application, and the household gross income must be below the following guidelines:

1 person and the total household income is below - $33,450

2 person and the total household income is below - $38,200

3 person and the total household income is below - $43,000

4 person and the total household income is below - $47,750

5 person and the total household income is below - $51,600

6 person and the total household income is below - $55,400

7 person and the total household income is below - $59,250

8 + person and the total household income is below - $63,050

Other eligibility requirements include, but are not limited to, verification that property taxes, special assessments and mortgage payment are current, and the condition and type of property. Properties being purchased under Contract Sales are not eligible.

Applications for program assistance will be accepted by the City between Wednesday, Sept. 5 and City Hall closing time on Wednesday, Sept. 26. All applications received during this time period will be evaluated and ranked based on the household income and available assets.

Applications will be available on Wednesday, Sept. 5 to pick up at City Hall, or by contacting Simmering-Cory, Inc. (the City's Program Administrators) at 641-357-7554. Questions can be answered by calling Melanie Mitchell at Simmering-Cory, Inc. at 641-357-7554.



Respond to this story

Posting a comment requires free registration: