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Cedar Rapids lands millions to build new homes after flood of 2008

News

August 31st, 2023 by Ric Hanson

(Radio Iowa) – A decade and a half after Cedar Rapids was swamped by the flood of 2008, the city’s landing millions of dollars to revitalize and build new homes in the historic Oak Hill neighborhood. Cedar Rapids’ economic development manager Caleb Mason says they worked with residents and businesses to create collaborative neighborhood plans.

The city just received one-point-eight million dollars in workforce housing tax credits for Oak Hill, along with a three-point-eight million dollar package from the Iowa Economic Development Authority.

Vacant lots across from the Linn County Public Health Department will soon be the site of new two-story townhomes. The money will finance several other projects, all of which are intended to meet the demand for the city’s growing workforce.