116 3rd St SE
Cedar Rapids, Iowa 52401
New program may save some flood buyout homes
Some homes in Cedar Rapids flood zones may be salvaged through a new program.
The Residential Property Disposition program will allow developers to acquire properties in the city's buyout program for free to rehabilitate into affordable housing.
Individuals can also apply, but they must partner with an established builder or developer with a track record of completing projects.A meeting to discuss the program will be held at 8 a.m. today at the City Hall North Conference Room, 3851 River Ridge Dr. NE. Application deadline is July 31.
Floodwaters of the Cedar River rise around downtown Cedar Rapids buildings as the river nears its crest in Cedar Rapids shortly before noon on Friday, June 13, 2008. (Liz Martin/The Gazette)
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