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Region XII Awarded More Than $600,000 For Two Housing Initiatives

At the end of 2017, Region XII Council of Governments received more than $600,000 in funding form the Federal Home Loan Bank Affordable Housing Program for two housing initiatives. The first is in the amount of $200,000 to help with the construction of five single-family rental units in Wall Lake. The city has donated the property to provide housing for elderly and disabled residents in the Iowa State Bank of Sac City-sponsored project. The remaining $403,350 will be used to rehabilitate 15 single-family, owner-occupied homes. The updates will focus on major components with an emphasis on energy efficiency and life-safety issues. Qualified homes must be in the Region XII service area and the COG’s associate member cities of Adel, Madrid, Perry and Redfield. Homeowners will be required to meet specific income requirements, at or below 80 percent of HUD’s income guidelines. This application has been sponsored by the Guthrie County State Bank of Guthrie Center.

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