Stanton receives downtown housing project funding
Governor Reynolds recently announced a total of nearly $20 million in investments to support downtown housing projects in 61 communities, which will create 466 new homes for Iowans.
Awards were made through the Downtown Housing Grant program, which provides support for downtown revitalization through new housing opportunities in communities with populations of 30,000 or below.
One of the awards was granted for an upper story conversion at 312 Broad Ave., in Stanton. The grant is for $100,000.
“An adequate housing supply is the lynchpin to attracting and retaining a healthy and flourishing workforce,” said Gov. Reynolds. “The investments will not only provide 466 Iowans the opportunity to live near where they work but they will breathe new life into dozens of underutilized facilities in our communities.”
The program had $20 million available for awards and received 94 applications requesting $31 million in funding. Projects were scored on a competitive basis on criteria including project appropriateness, funding and partnerships, impact on housing in the community and population size.
The Downtown Housing Grant Program is a part of Gov. Reynolds’ $100 million investment to increase the supply of housing options and protect and expand housing opportunities for Iowans to live in or near the communities where they work. The funds are made available through Federal American Rescue Act State and Local Fiscal Relief Funds.