RIO Press Release
| For Immediate Release | Media Contact : |
| October 5, 2009 | Tina Potthoff |
***Monthly Funding Update***
The Rebuild Iowa Office updates disaster funding charts at the beginning of every month.
The next update will be released Nov. 6.
Funding charts may be accessed on the RIO Web site at www.rio.iowa.gov/funds.html.
IOWA’S PLAN FOR USE OF $516.7 MILLION IN CDBG DISASTER RECOVERY FUNDS APPROVED
Uses Include Buyouts, Housing Production, Business Assistance, Infrastructure and Flood Plain Mapping
(DES MOINES) — On Friday, Governor Chet Culver announced U.S. Housing and Urban Development (HUD) officials approved Iowa’s action plan for $516.7 million in Community Development Block Grant (CDBG) funding for the state’s recovery effort from the 2008 storms and floods.
The approval from HUD is an important step in moving this particular allocation of disaster recovery funding through the system and out to people and communities in need. The money will be used to fund activities such as buyouts and housing production, business assistance programs, infrastructure projects and updating flood plain maps.
Although the approval announcement came last week, the $516.7 million was included in the RIO’s disaster recovery funding charts when the allocation was announced in June. Iowa’s total CDBG allocation now stands at nearly $800 million to date.
Meanwhile, other disaster recovery funds continue to flow to Iowans impacted by the 2008 floods and tornadoes.
The chart below provides a snapshot of the latest funding information to date.
Funding Source |
Allocation to Iowa |
Approved for |
Spent |
FEMA Housing & Other Needs Assistance Funds |
$140,711,604 |
$140,711,604 |
$139,601,928 |
FEMA Infrastructure Funds |
$316,000,000 |
$95,525,192 |
--- |
FEMA Public Assistance |
$742,014,554 |
$742,014,554 |
$278,492,561 |
U.S. Small Business Administration (SBA) Loan |
$268,327,000 |
$268,327,000 |
$127,906,100 |
Community Development Block Grant |
$798,701,825 |
$138,851,745 |
$30,775,739 |
U.S. Dept. of Agriculture |
$127,500,000 |
$127,500,000 |
Not available at this time |
Initial State Funding for Jumpstart Housing & Business Programs |
$35,000,000 |
$34,899,672 |
$33,275,981 |
State Executive Council Action |
$24,011,175 |
$23,761,175 |
$1,644,343 |
Iowa Finance Authority Tax Credits |
$418,559,200 |
$397,523,250 |
--- |
U.S. Dept. of Transportation Funds |
$35,776,959 |
$35,776,959 |
$13,053,752 |
National Emergency Grant for Labor/Jobs Assistance |
$28,773,300 |
$27,682,748 |
$16,330,725 |
Social Services Block Grant |
$11,157,944 |
$11,157,944 |
$1,320,430 |
Disaster Unemployment Assistance |
$6,681,951 |
$6,681,951 |
$6,681,951 |
Economic Development Administration (EDA) |
$19,566,836 |
$19,566,836 |
$1,683,046 |
Crisis Counseling Grant |
$4,369,495 |
$2,665,429 |
$2,228,170 |
State College Scholarship & Grant Reserve |
$500,000 |
$500,000 |
$500,000 |
Iowa Disaster Recovery Bill |
$56,000,000 |
$49,589,867 |
$43,847,941 |
National Endowment for the Arts Emergency Support |
$100,000 |
$100,000 |
$100,000 |
CEBA Disaster Recovery |
$2,810,000 |
$2,810,000 |
$2,000,000 |
Administration on Aging |
$57,818 |
$57,818 |
$50,761 |
Regents Disaster-Recovery Bonding |
$100,000,000 |
$100,000,000 |
--- |
I-Jobs Disaster-Recovery Bonding |
$170,000,000 |
$165,518,116 |
$997,017 |
GRAND TOTAL |
$3,306,619,661 |
$2,392,211,860 |
$700,490,445 |
More than 39,800 Iowans have registered with FEMA for disaster assistance and more than 35,000 Iowans have visited FEMA Disaster Recovery Centers around the state. Of the 85 Iowa counties eligible for federal assistance, 77 are eligible for both individual assistance and public assistance.
Iowans can learn more about financial assistance programs and how to apply by calling 1-866-849-0323. For more information about the state's recovery and rebuilding efforts, please visit the Rebuild Iowa Web site at www.rio.iowa.gov.
View the Disaster Recovery Funding Charts
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