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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 25, 2008
Page
1
Cedar Rapids council approves up to 12 months of city mortgage assistance for homeowners awaiting contractors to finish renovations and up to 12 months rent aid for low income flood damaged homeowners without mortgages. Estimates 600 to 800 eligible, up to $1,000 monthly cost to city could reach $9.6 million.
Owner Mike Breitbach and his family faced another blow as a early morning fire consumed Breitbach’s Country Dining, the historic northeast Iowa restaurant that burned previously on Christmas Eve ten months earlier. Cook Joann Klein alerted Breitbach to the blaze. Firefighters battled the flames as the family watched the structure go up in smoke, ending a long legacy in Balltown.
About 600 to 800 homeowners may qualify for rehabilitation assistance via the 211 process. Eligible applicants receive up to 1,000 dollars monthly for up to 12 months from July 1 to help prevent foreclosures and support limited income owners waiting to return home. Unqualified are homes in the greenway or beyond reasonable repair outside the greenway.
Iowa Attorney General Tom Miller accused Town Student Loan Liquidity Corp. of prioritizing loan access over low costs, leaving some students with higher debt. The report, released to Gov. Culver as regents propose a 4.2 percent tuition rise, highlights Iowa’s high indebtedness and calls for reforms. Daniel Fischer of ISU notes student debt averages near $31,000 and stresses financial literacy.
Cedar Rapids FEMA will shut the Westdale Mall recovery center at 5 p.m. ending in person registrations after serving about 9,500 flood victims. In June, 700-plus residents registered in a single day. 39,423 Iowans had registered by Thursday afternoon. People may register by phone through Friday at 1 800 621 3362.
FEMA reports 39,423 Iowans registered for individual assistance and 30,977 received funds. About 132 million dollars awarded, largely for temporary housing, while 7,577 were found ineligible.
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