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East Central Iowa Council of Governments 700 16th Street NE, Suite 301 Cedar Rapids, IA 52402 Phone: 319-365-9941 Fax: 319-365-9981
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Housing Fund for Linn County Funding Summary |
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The HFfLC periodically makes funding available through a competitive Request for Proposals (RFP) process to assist affordable housing projects within Linn County. At least 30% must be dedicated to assist very low-income households. Generally, funds distributed in the form of zero or low-interest loans will return to HFfLC to be redistributed in the community (70% as an objective); principally to benefit extremely low-income households. |
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The HFfLC has been successful in securing financial resources to assist affordable housing projects proposed within Linn County. Following is a summary of contributing supporters and the status of assisted housing projects. |
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2007 - 2008: Funding donations/awards were contributed during 2007 by: AEGON Transamerica Foundation; Cedar Rapids Bank and Trust; East Central Iowa Council of Governments (ECICOG); Farmers State Bank; Greater cedar Rapids Community Foundation; Guarantee Bank; Hills Bank and Trust; Iowa Finance Authority (IFA) / State Housing Trust Fund; Linn Area Credit Union; Linn County, Iowa; Mount Vernon Bank & Trust; and US Bank. To principally assist with flood recovery efforts through the provision of rent and utility / security assistance, the HFfLC approved the following grants from this funding in 2008: (1) $10,000 to the Affordable Housing Network, Inc.; (2) $32,500 to the Helping Hands Ministry; and (3) $32,500 to Irving Point, LP. In addition, a $75,000 zero percent repayable loan was approved to assist with rehabilitation of Waypoint Services for Women, Children, and Families. |
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2008 - 2009: Funding donations/awards were contributed during 2008 by: AEGON Transamerica Foundation; Bradley & Riley, PC; City of Cedar Rapids, Iowa; Farmers State Bank; Federal Home Loan Bank of Des Moines; Hills Bank & Trust; Iowa Finance Authority (IFA) / State Housing Trust Fund; Mount Vernon Bank & Trust Co.; Mount Vernon Bridge Bank; Rockwell Collins; and Wells Fargo. Assisted funding projects pending. |
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Links: |
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Administrative services for the HFfLC are contracted through the East Central Iowa Council of Governments located at 700 16th St NE, Cedar Rapids, IA 52402. Questions and comments should be directed to Gary Hughes, Planner, at 319/365-9941 ext. 29 or gary.hughes@ecicog.org |
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Flood Recovery Updates: |
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