Governor Announces Funds for Flood Buyouts

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Governor Announces Funds for Flood Buyouts

By Becky Ogann

DES MOINES (AP) - Iowa Gov. Chet Culver says $150 million in federal funds will be made available for the purchase of 1,352 homes damaged in last year's floods.

The funding is part of the $516.7 million in Community Development Block Grant Disaster Recovery Funds announced last month. The funding Culver announced Friday is the first round of awards made to 20 cities and counties to cover homes not eligible for Federal Emergency Management Agency buyouts.

According to Culver, 852 homes to be bought out are located in Cedar Rapids.

In addition to Cedar Rapids homes eligible for the funds are located in the Oakville area, Cedar Falls, Mason City, Iowa City and Waverly, among other cities.

The first round covers homes in the 100-year flood plain, poses a health and safety concern to the community, or have been determined to be substantially damaged.

A list of awards is below:
Cedar Rapids
Number of properties approved: 852
Funds approved: $95,474,137

Oakville (Zone X)
Number of properties approved: 124
Funds approved: $7,929,015

Cedar Falls
Number of properties approved: 101
Funds approved: $10,259,180

Mason City
Number of properties approved: 71
Funds approved: $8,517,455

Iowa City
Number of properties approved: 52
Funds approved: $11,665,530

Louisa County (Rural Oakville)
Number of properties approved: 32
Funds approved: $3,322,951

Waverly
Number of properties approved: 28
Funds approved: $3,757,234

Des Moines
Number of properties approved: 19
Funds approved: $815,460

Davenport
Number of properties approved: 18
Funds approved: $2,213,380

Des Moines County
Number of properties approved: 16
Funds approved: $1,953,030

Dyersville
Number of properties approved: 10
Funds approved: $1,100,000

Johnson County
Number of properties approved: 8
Funds approved: $1,413,308

Olin
Number of properties approved: 7
Funds approved: $490,924

Waterloo
Number of properties approved: 4
Funds approved: $261,180

Coralville
Number of properties approved: 3
Funds approved: $320,958

Blackhawk County
Number of properties approved: 2
Funds approved: $323,719

Cedar County
Number of properties approved: 2
Funds approved: $104,579

Muscatine County
Number of properties approved: 1
Funds approved: $228,769

LaPorte City
Number of properties approved: 1
Funds approved: $125,060

Eddyville
Number of properties approved: 1
Funds approved: $40,453

Total number of properties approved: 1,352
Total funds approved: $150,316,322

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