WATERLOO — The Waterloo City Council is expected to decide how to spend $1.5 million in federal funds to combat dilapidated housing and poverty in the community.
Council members are scheduled to hold a public hearing at 5:30 p.m. Monday in City Hall to allocate $1.14 million in Community Development Block Grant and $368,000 in HOME Program funds during the fiscal year starting July 1.
The annual grants through the U.S. Department of Housing and Urban Development are earmarked to pay for programs that assist low-income residents and improve blighted neighborhoods.
The city’s Community Development Board has made a recommendation to the City Council which keeps the dollars focused on housing activities.
Nearly two-thirds of the funding, or $980,000, is proposed for single-family home rehabilitation for low-income homeowners and for emergency home repairs. Another $55,000 is earmarked to help build new affordable homes, and $50,000 is planned for down payment aide to low-income home buyers.
Another $307,700 is proposed for administration of the grant and Community Development Board overhead.
Other proposed grant recipients include: Waterloo Neighborhood Services, $85,000; The Salvation Army, $10,000; Eye of the Needle Inc., $5,000; and Operation Threshold, $15,000.
Other scheduled council business includes:
- Approving a $7.17 million contract with Aspro Inc., of Waterloo, for the annual street reconstruction program funded by the local option sales tax. Aspro proposed asphalt surfacing for the streets being replaced. The city received a $7.64 million bid from Croell Inc., of New Hampton, to rebuild the streets with concrete.
- Approving a site plan amendment and state tax incentive package for Advanced Heat Treat Corp.’s planned 15,500-square-foot expansion of its facility at 2825 MidPort Blvd.