Loebsack’s Statement on the Release of $150 Million for Flood-Damaged Home Buyouts

Washington, DC – November 9, 2009 – (RealEstateRama) — Congressman Dave Loebsack (D-IA) issued the following statement on the announcement that $150 million in Community Development Block Grant (CDBG) Disaster Recovery Funds will be made available for the purchase of 1,352 homes damaged due to the floods of last year. In June, Congressman Loebsack spearheaded efforts that garnered $517 million in CDGB funds for Iowa, bringing the total CDBG funds allocated to Iowa to nearly $800 million.