CEDAR RAPIDS — A downtown Waterloo housing project has received an award from the Iowa Finance Authority.
Grand Crossing, a collaborative effort between Waterloo Community Development and Echo Development Group, received the HousingIowa Award, which is designed to recognize outstanding programs, projects and professionals for leadership and innovation in advancing affordable housing development in Iowa.
A panel of judges picked the winners, and the award was presented at the 2017 HousingIowa Conference in Cedar Rapids.
Grand Crossing’s complex at West Jefferson Street and Mullan Avenue includes 36 units for those with low incomes based on family size.
The project received Community Development Block Grant disaster recovery funding through the Iowa Economic Development Authority.
The city acquired and demolished the former Grand Hotel in July 2010 to make way for the project.
“Grand Crossing is a truly unique project,” said Rudy Jones, the city’s community development director. “The property provides exceptional amenities to tenants. Their use of green building practices and consciousness of energy efficiency make it a truly desirable place to live for young adults.”
“This collaboration creates a highly attractive and affordable choice for those who want to start their careers and continue their education in Waterloo,” he added. “This is an important project for Waterloo that we are very proud of.”