Community Development Block Grant
Ames, IA - Mayor Ted Tedesco
Affordable Housing Programs
Meeting the need for affordable housing for its low- and moderate-income population has
been a major focus of CDBG investments in the City of Ames. Among the housing initiatives
supported with CDBG funds are:
- •Housing Rehabilitation Programs - Approximately $900,000 in CDBG funds were used over
an eight-year period to assist low-income homeowners in bringing their properties up to
housing code standards and/or to make their homes handicapped-accessible.
Approximately 50 to 75 homeowners with incomes at or below Story County median income
limits were provided deferred, forgivable loans of up to $25,000.
- •Acquisition and Remodeling Programs - Since the early 1980s, approximately $800,000
in CDBG funds have been used to acquire, demolish and/or remodel properties or buildings
for several different purposes. For an emergency residence project, funds were used to
acquire a property and construct a 336-square-foot addition to an existing building. That
facility is now being used as a homeless shelter for families and individuals from Ames and
Story County. CDBG funds were used to acquire and make handicapped-accessible a
facility to be used as an emergency shelter for women and children who are victims of
sexual assault or other domestic violence. CDBG funds also have been used to purchase
and demolish blighted and deteriorated structures throughout the City, in preparation for
selling that land to developers to build decent, safe and affordable multi-family housing
- •Down Payment/Closing Cost and Rehabilitation Assistance Programs - Since 1992,
approximately $466,000 in CDBG funds have been used to help low-income first-time home
buyers purchase homes by providing funds to be used for the down payment, closing costs
and/or minor repairs.
- •Acquisition and Demolition of Flood Damaged Properties - Between 1993 and 1995,
approximately $825,000 in CDBG funds were used to acquire and demolish properties that
were severely damaged or destroyed as a result of the massive flooding which occurred at
that time in Ames and many other parts of Iowa.
Contact: Vanessa Baker-Latimer, Housing Coordinator, (515) 239-5400
The United States Conference of Mayors
J. Thomas Cochran, Executive Director
1620 Eye Street, NW, Washington, DC 20006
Telephone (202) 293-7330, FAX (202) 293-2352
Copyright ©1999, U.S. Conference of Mayors, All rights reserved.