(Spencer)– Officials with the city of Spencer, Spencer Municipal Utilities, Clay county, Spencer financial institutions and the Iowa Lakes Corridor Development Corporation have announced a new housing initiative in Spencer.
The entities are offering grants of up to $15,000 for purchasers of new mid-range personal residences in the city. Kathy Evert, President and CEO of the Corridor, tells KUOO news the grants will be awarded and administered by the Spencer Area Jobs Trust…Click here to hear mp3 file
Evert says some stipulations are attached…Click here to hear mp3 file
Evert says the program is intended to help ease a long term problem with a lack of affordable housing for the region’s work force…Click here to hear mp3 file
Evert says their goal is to get as many people into affordable housing as possible through the program…Click here to hear mp3 file
Grant commitments will be issued on a first-come, first-serve basis, until funds are exhausted, 40 grants have been committed or until September 1st, 2014, whichever comes first.
The complete rules and an application can be found on the Corridor’s website at www.lakescorridor.com, or by stopping by the Corridor office at 520 2nd Avenue East in Spencer.
