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Derecho Disaster Recovery Funding Information Session for Housing Developers

Derecho Disaster Recovery Funding Information Session for Housing Developers

July 11, 2022

The U.S. Department of Housing and Urban Development (HUD) has appropriated Community Development Block Grant — Disaster Recovery (CDBG-DR) funding for recovery after the August 2020 Derecho. The City of Cedar Rapids, in conjunction with the Iowa Economic Development Authority, will host a developer informational session on Friday, July 15.

Developers who’d like to learn more about the program requirements and funding availability for the construction of single- and multi-family housing through the CDBG-DR program are welcome to attend.

WHEN: Friday, July 15, 2022 at 9:30 a.m.

WHERE: Beams A & B Conference Rooms
Cedar Rapids Downtown Public Library
450 5th Avenue SE
Cedar Rapids, IA 52401

A total of $57,566,000 in CDBG-DR funding has been allocated to the State of Iowa for distribution. The Linn County area will receive 80% of the funding. Visit the Iowa Economic Development Authority website for details regarding the State’s Draft Action Plan for CDBG-DR funding. Find program information on the City’s website.

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