Boone County officials were notified Tuesday that the county has been awarded $320,900 grant from trust funds from the Nebraska Affordable Housing Program Homebuyer Program. Through this program, five homes will be purchased, rehabilitated, and resold to families at or below 100 percent of the area‘s median income.
This project is a collaborative effort between the communities in Boone County. Local governments and agencies participating were Albion, Cedar Rapids, Petersburg, Primrose and St. Edward, Boone County, Boone County Development Agency (BCDA), Northeast Nebraska Economic Development District (NENEDD) and NeighborWorks Northeast Nebraska (NWNEN).
“This is a new approach to solving housing needs in Boone County,” said Shannon Landauer, executive director of BCDA. “The purchase/rehab/resell program will take a ‘green’ approach by using and improving existing housing stock. It will be a cost efficient approach to modernizing and restoring older homes.”
The program is available to all communities in Boone County, but the homes must be located within corporate limits of cities/villages. A series of meetings about the program will be held in the coming months with realtors, lenders and contractors in Boone County.
The target date for taking applications from homeowners is November, 2009.
For more information contact Boone County Development Agency at 402-395-3356 or email@example.com.