THE IOWA FINANCE AUTHORITY HAS AWARDED SIOUX CITY NEARLY $4 MILLION DOLLARS TO ASSIST IN THE DEVELOPMENT OF 17 RENTAL HOMES FOR INDIVIDUALS AND FAMILIES EXPERIENCING HOMELESSNESS.
THE FUNDING IS THROUGH THE NATIONAL HOUSING TRUST FUND PROGRAM.
JILL WANDERSCHEID OF SIOUX CITY’S NEIGHBORHOOD SERVICES SAYS THE CITY WILL USE THE GRANT FUNDS FOR THE DEVELOPMENT OF MIDTOWN TERRACE, WHICH WILL INCLUDE A TOTAL OF 24-UNITS AND WILL BE A ROWHOUSE-STYLE DEVELOPMENT:
TERRACE1 OC……RESURRECT THAT PROJECT. :17
THE CITY APPLIED FOR THE NATIONAL HOUSING TRUST FUND DOLLARS IN AUGUST.
WANDERSCHEID SAYS THERE ARE A NUMBER OF HIGH NEEDS INDIVIDUALS AND FAMILIES EXPERIENCING HOMELESSNESS IN OUR CITY, AND THIS PROJECT WILL HELP BRIDGE THAT GAP:
TERRACE2 OC…….ON THAT SITE. :21
THE SITE INCLUDES PARKING AND A GREENSPACE.
TERRACE3 OC…SELECTED OUR PROJECT. :14
THE PROJECT IS LOCATED NEAR THE FORMER CASA DEL REY RESTAURANT WHICH IS BEING REMODELED INTO A GROCERY STORE.
THE AGREEMENT WILL GO BEFORE THE CITY COUNCIL ON MONDAY FOR APPROVAL.
CONSTRUCTION WILL BEGIN LATER THIS YEAR AND BE COMPLETED IN 2026.
