The U-S department of Housing and Urban Development is sending some money to Iowa. Federal agency spokesman Jerry Brown says it’s still being worked out just how much would-be home buyers will get.He says many low-income first-time home buyers will have a chance to buy a house through the “American Dream” down payment fund. Brown explains it should help some working families overcome the first obstacle to buying a house. The federal guideline is 80-percent below the median income, so it’s for VERY low-income people to have a chance at home ownership. The Iowa Finance Authority will make final decisions on just where the income cutoff level will be, and whether the money goes to help with down payment, closing or other costs. The federal government’s giving 200-million in grants to first-time homebuyers. The Hawkeye State’s share of the money will be handled by the Iowa Housing Finance Authority.
FOLLOW US ON TWITTER
UNI receives grant to turn old photos into interactive exhibit
UNI receives grant to turn old photos into interactive exhibit - Radio Iowa
An archival photography project at the University of Northern Iowa has landed a federal grant to help its users ...
Home test - Radio Iowa
Unhealthy air detected in parts of the state from Canadian wildfire smoke
Unhealthy air detected in parts of the state from Canadian wildfire smoke - Radio Iowa
The wildfire smoke from Canada is back over Iowa once again. Brian Hutchins at the DNR Air Quality Bureau says ...
Banks in Sioux, Lyon County the target of check cashing fraud
Banks in Sioux, Lyon County the target of check cashing fraud - Radio Iowa
The Sioux and Lyon County Sheriff Departments are working with local police trying to identify individuals involved ...