City of Waverly boosts housing with grant

Families in Waverly have a chance to knock nearly one-third off the cost of building a new home with a grant requested by the City of Waverly.

On Thursday, the city of Waverly will request funding to start three to five new homes unless more residents need the grant.

The 20 million dollar program will pay for up to 30 percent of the cost of building a new home, up to $180,000 per structure. The grant is in the form of a forgiveable loan.

Only newly constructed homes will be considered and all that is required is that a family meets the income guidelines and build a qualifying home. There are multiple homes and multiple lots at this time. But, once residents begin to hear of this opportunity, they will likely diminish quickly.

This is an excellent opportunity for homeowners that have been flooded by last years floods to have an opportunity to utilize this in conjunction with the city's buyout program. But, applicants are not required to have been flooded to participate in this program.

Steere Home Builders has partnered with the City of Waverly to utilize the grant. Applications for homeowners meeting the income guidlines are now being accepted at the City of Waverly by contacting Jason Passmore 352-9210 or Ben Kohout at 352-9208.