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Region XII Announces First-Time Homebuyer Grant Awards

Region XII Council of Governments and the Iowa Finance Authority have announced first-time homebuyer programs for the Carroll area. The Down Payment Assistance with Rehabilitation Programs were awarded five of the six grants applied for to assist homebuyers with the assistance necessary to purchase their first home. The down payment grants include money for rehabilitation after closing, including such things as new roofs, siding, windows, furnaces and electrical updates. Jefferson and Coon Rapids received $412,500 for 10 projects with city matches of $25,000 for each additional rehabilitation. Manning received $334,400 for six projects with a city match of $22,500 for additional rehabilitation. And, Home Base Iowa Communities, Templeton, Willey, Glidden and Scranton received $206,250 for five projects with a city match of $12,500 for rehabilitation.

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