Iowa News
Grassley says cedar Rapids will soon receive funding for flood buyouts
AP
CEDAR RAPIDS, Iowa (AP) — U.S. Sen. Chuck Grassley says federal funding that will pay the bulk of the cost to buy out some 1,300 flood-damaged properties in Cedar Rapids is closer to being available.
The Iowa Democrat reported Thursday that the federal government is now sending the assistance to the state of Iowa as federal Community Development Block Grant funds. The state then will dispense the money to disaster communities.
Cedar Rapids is expected to get more than $140 million of the total amount for property buyouts plus other amounts for business assistance, housing construction and infrastructure repairs.
The city expects to begin the buyouts of 117 properties in the next month or so.
The Iowa Democrat reported Thursday that the federal government is now sending the assistance to the state of Iowa as federal Community Development Block Grant funds. The state then will dispense the money to disaster communities.
Cedar Rapids is expected to get more than $140 million of the total amount for property buyouts plus other amounts for business assistance, housing construction and infrastructure repairs.
The city expects to begin the buyouts of 117 properties in the next month or so.
Facebook
MySpace
Digg
Stumble
Mixx
Fark
del.icio.us
LiveSpaces