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Grant received to aid Toledo homeowners

July 30, 2014
From: Region 6 Planning Commission , Toledo Chronicle, Tama News-Herald

The City of Toledo has announced it was recently awarded a $271,192 federal housing improvement grant through the Iowa Department of Economic Development. This project will assist at least eight current City of Toledo homeowners with home improvements.

Qualified homeowners must reside north of Ross Street, the east limit of Toledo, south of Mason Street, and west of West Street in Toledo.

The project will provide up to $24,999 of forgivable loans to qualified homeowners. The loans will be forgiven if the homeowner resides in the property for at least 5 years. Typical home improvement items will include insulation, replacement windows, replacement siding, roofing, gutters, painting, soffit/fascia covering, HVAC upgrades, and electrical upgrades.

Article Photos

Homes located within the black lines may be eligible for improvement loans if applicants meet other guidelines.
Chronicle graphic

The homeowner must reside in the house to qualify for the assistance. The maximum income limits are as follows:

Required housing applications for this program are being accepted now through .

Contact Mark Newberg, Region 6 Planning Commission, 903 E. Main Street, Marshalltown, IA 50158 for applications or further questions. 1-800-417-4699 telephone or"

Fact Box

The maximum income

limits are as follows:

1 Person- $33,400

2 Person- 38,200

3 Person- 42,950

4 Person- 47,700

5 Person- 51,550

6 Person- 55,350

7 Person- 59,150

8 Person- $63,200

Applications will also be available at the City of Toledo City Clerk's Office.g



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