New Iowa City homes available, replacing flood-destroyed homes - KWWL - Eastern Iowa Breaking News, Weather, Closings

New Iowa City homes available, replacing flood-destroyed homes

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IOWA CITY (KWWL) - Eight brand new homes are still available through the Iowa City Single Family New Construction Unit Program, a state-funded program designed to help replace some of the housing stock lost in last summer's floods. The program will build 40 new homes in Iowa City, 32 of which have already been sold to flood-impacted victims, first-time homebuyers, and income-eligible homebuyers. The program is geared toward households whose incomes fall at or below the median income levels for Iowa City, which for a family of four would be $76,000 per year or less.

The program also provides qualifying homeowners with down payment assistance - up to 30% of the home's purchase price - in the form of a forgivable loan. With the down payment assistance, applicants will need to qualify for a mortgage loan ranging between $115,500 and $126,000. All homebuyers must work with City-approved local lenders. The program gives priority to people whose homes were impacted by the flood, but other interested Iowa City and Johnson County residents who do not currently own residential real estate are encouraged to apply.

Homes that are still available are listed below. The full price is listed, and does not factor in down payment assistance that may be awarded:

Windsor Ridge: 227 Brentwood Drive and 237 Brentwood Drive. Builder: Arlington Development. Price: $165,500.

Whispering Meadows, Part II: 3 Thistle Court, 14 Thistle Court, 2468 Indigo Drive, and 2476 Indigo Drive. Builder: Capital Builders. Price: $180,000.

Sandhill Estates, Part I: 914 Oxen and 1026 Oxen. Builder: Southgate Development. Price: $180,000.

All homes are energy-efficient and offer accessibility features. To view design plans, visit Iowa City's website at www.icgov.org/newhomes.

Online Producer: Jason Mortvedt

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