Beginning July 1st, 2020, the City of Oelwein will begin offering residents a new funding source to finance needed home repairs and improve residential neighborhoods and livability of single-family homes. The Home Rehabilitation Revolving Loan Fund (RLF) Program provides low interest loans to residents meeting eligibility criteria.
The City recognizes the entire community benefits when everyone has stable, decent, and affordable housing. The intent of this program is to expand on existing efforts targeting low income households by offering the same opportunities to residents across a broader range of socio-economic statuses. Residents with up to 150% of the MHI for Fayette County are eligible to apply for assistance.
Establishing a dedicated, self-funded program provides greater stability and flexibility to successfully grow a community and meet the housing needs of its current and future residents. This freedom will allow tailoring of the program to the exact needs of the City of Oelwein.
The minimum loan amount is $1,000 and the maximum amount is $15,000. Interest rates range from one to four percent. Homeowners with household income greater than 100% of the Fayette County median income will be required to provide matching funds of 10-25% of total project costs. Both interest rate and match funds are determined by household size and income level.
UERPC will administer the program on behalf of the City. Applications will be accepted by UERPC on a continuous basis. Applications can be obtained at the Upper Explorerland Office at 134 West Greene Street, Postville, at City Hall, or by phone at 563-864-7551. You can also obtain an application online at www.uerpc.org or www.cityofoelwein.org.
Interested parties should contact Lee Balik at UERPC at 563-864-7551 with any questions or to be sent an application packet.
Increasing access to affordable, quality housing has long been a top priority for the City of Decorah and economic development officials. UERPC has resources that can help low- to moderate-income homeowners maintain their homes.
These two organizations are coming together to provide information about existing and potential future resources to address housing sustainability at a public open house for UERPC Housing resources.
EVENT DETAILS: Tuesday, February 23 5:30-6:30 pm
IN-PERSON: At the Decorah City Council Chambers
**Masks and social distancing are required**
Any member of the public is welcome to attend, though some funding sources may only be available to Decorah homeowners.
318 7th Street SW, Oelwein
Thurs, Feb. 25, 2021 4 PM – 6PM
Tour a home with the Homes for Iowa project. See how the homes are built. Explore how you could develop or own a Homes for Iowa home.
The open house will include tours of the home and conversations with Oelwein City Officials, UERPC representatives and Homes for Iowa board members. No RSVP is required.
The Homes for Iowa house made its way from Newton, IA up to Oelwein, IA in December 2020. The home traveled at 15 mph over the course of two days before arriving in town. Come take a peek at the finished product!
For more information regarding Homes for Iowa, contact UERPC's Rachelle Howe at email@example.com.
UERPC and the Northeast Iowa Business Network are hosting the Northeast Iowa Housing Summit for economic development, construction, housing finance, real estate and local government professionals on Wednesday, March 24th. Two virtual sessions will be offered.
Participants can learn about programs and initiatives from Iowa Finance Authority Staff and the UERPC housing department. Special guest Rick Hunsaker from Region 12 Council of Governments will join the evening session to share how his organization has leveraged local resources and statewide programs to create affordable housing opportunities in rural west-central Iowa.
Topics covered will include:
The first session (10:00am-12:00pm) will have information for local government officials and area real estate finance professionals and will cover programs available in Northeast Iowa through UERPC.
The second session (5:00pm-6:00pm) will cover state programs that could benefit local communities.
Anyone working with the field of housing in Northeast Iowa is encouraged to attend one or both of the sessions. Both sessions will be held via Zoom. To RSVP for one or both of the Northeast Iowa Housing Summit sessions, email Katelyn Peterson at firstname.lastname@example.org.
UERPC is thrilled to assist Howard County and Upper Iowa Beef (UIB) with a Career Link Transportation Community Development Block Grant (CDBG) in an amount of $109,200.
This program provides funding to support transportation for individuals to travel to job activities or job education opportunities. Funding is provided through local governments to non-profit transportation service providers for operational expenses (not for purchasing buses or other equipment).
This project will assist UIB, a beef processing plant within Lime Springs, IA, with transportation services. These services will assist low to moderate income persons in obtaining and securing quality employment while at the same time aiding UIB with retaining a high-quality workforce. These CDBG funds will provide the gap financing that is needed now to get this transportation service up and running for the low-income passengers that want to work but cannot afford a vehicle of their own or to travel long commutes in their personal vehicle.
Thanks goes out to the multiple entities that are invested in and fully support this program: Howard County Supervisors, Howard County Economic Development, Northeast Iowa Community Action and the City of Lime Springs.