CDBG 2024 Disaster Recovery - Housing

About this grant

New Housing Construction – Rental Program. Purpose Communities affected by the 2024 disasters continue to face significant needs to restore housing and strengthen the resilience of the housing stock. The New Housing Construction Rental Program supports the development of new rental housing, including single-family developments with four or fewer units and multifamily developments with five or more units. These homes will be available for rent to low- and moderate-income households at or below 80% of area median income. Priority will be given to disaster-impacted families. Administration This program is administered by the Iowa Economic Development Authority (IEDA).

Eligibility details

• Eligible applicants: Eligible Applicants Units of General Local Government (UGLGs) and tribes are the eligible applicants for these funds. UGLGs and tribes must identify a developer in their applications. If awarded funds, the UGLG will enter into a development agreement with the developer. Eligible Areas CDBG-DR funding will be provided to HUD-identified MID areas: Cherokee County, Clay County, Sioux County and Woodbury County. The State-identified MID Areas are Buena Vista, Lyon, Pottawattamie, Dickinson and Osceola Counties. Maximum Awards The following maximum award amounts apply to the New Housing Construction program: Housing construction incentive: Up to $150,000 per unit Mitigation incentive: Up to $20,0

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