The City of Loup City is requesting $240,000 in grant funds for infrastructure activities and development subsidy related to the new construction of 4 low to moderate income single family housing units to be located in the NW quadrant of the city; E of Peterson Park, N of G St., S of E St., & W of Linden Court. $200,000 in grant funds will be used for infrastructure including but not limited to streets, water, sewer, curb & gutter. $40,000 may be used for development subsidy related to the new construction of the 4 units. Additional sources of funds to support this project may come from down payment and closing costs assistance through the Federal Home Loan Bank of Topeka, United States Department of Agriculture Rural Development Housing Program, local employer contributions, donated lots from the City, and other volunteer organizational labor. The will be NO displacement of persons as a result of this project or NAHP funds.
The grant will be available for public inspection at the Gray Municipal Building/Economic Development Office located at 133 S. 8th St. All prospective home buyers or builders are encouraged to inquire about participation in this program. If awarded the grant, construction of the new street and homes could begin in early 2010.
Please contact Shawn Kaskie at 133 S. 8th St., 750-3133 with further questions about the program.
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