CITY OF WATERLOO: Waterloo to be honored by Federal Agency

City of Waterloo issued the following announcement on Jan. 10.

Waterloo Mayor Quentin Hart today announced that the City will receive the 2018 Audrey Nelson Community Development Achievement Award from the National Community Development Association (NCDA) for its innovative use of Community Development Block Grant (CDBG) funding on the Grand Crossing development project.

The award will be presented during the NCDA’s Winter Conference Friday Jan. 26 in Washington. Mayor Hart and Rudy D. Jones, Director of Waterloo Community Development, will be in Washington to receive the award.

The Grand Crossing project provides a total of 68 new rental units, including 36 designated as low-income units. The newly constructed low-income units are significantly superior to majority of existing low-income housing. Most of the existing inventory is made up of poorly maintained, older homes pre-dating 1978. Many also have lead hazard issues. This project is a model project for future development in the Waterloo.

“These new, high-quality units are a significant boost to our affordable housing inventory. They also demonstrate to developers that demand exists for these types of projects,” says Rudy Jones, Director of Waterloo Community Development. “ It is an excellent example of successful low-income and market rate mixing as they reduce stigma and raise the standard of affordable housing in the community.”

“When we help provide safe, affordable, comfortable housing, we bring stability to our children, security to our seniors, a hand up to those striving for a better life, and a sense of pride in our people. Waterloo does this and more by providing innovative solutions to housing challenges thanks in part to Community Development Block Grant funding,” says Waterloo Mayor Quentin Hart. “CDBG is an excellent example of federal-local partnership that directly and significantly improves the quality of life of real people, bringing the American dream one step closer for many.”

This is the second award for this project, having received the HousingIowa Award from the Iowa Finance Authority in September of 2017.

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