ARE YOU INTERESTED IN PURCHASING A HOME IN THE WABASH LANDING SUBDIVISION IN MALVERN, IA?

This program was created to assist in the long-term recovery to the 2019 floods by providing for long-term, quality, single family housing that is resilient to future natural disasters and affordable to low to moderate income households.

This program is administered by the Iowa Economic Development Authority (IEDA). IEDA is a state agency which administers Community Development Block Grant-Disaster Recovery (CDBG-DR) awards issued to the State of Iowa by the U.S. Department of Housing & Urban Development (HUD). Administrative activities are led by the IEDA Disaster Recovery Team Lead and members of both the Disaster Recovery and Federal Programs teams.

All housing units must be sold to Low to Moderate Income (LMI) households. These are households that make at or below 80% of the area median income of the county in which the housing unit is built.

Developers receive up to $100,000 in incentives per unit which allows the homes to be sold at a maximum sale price of $175,000 even though the cost of the home is greater than that to build.