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Bear River Cottages

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July 24, 2020
The Bear River Cottages is Maquoketa's new single-family housing development located between German Street and Creslane Drive in Maquoketa, Iowa. These homes provide an affordable way for both first time home buyers and for those that wish to downsize an opportunity to own a 2 or 3 bedroom/2-bathroom ranch style home new construction home with a two-car garage and unfinished basement all for $150,000 less down payment assistance.

The city of Maquoketa has been awarded CDBG funding through the Iowa Economic Development Association (IEDA) as follows and is partnering with ECDC Bear River Cottages.

IEDA 2020 CDPG Housing Program - HOME BUYER ASSISTANCE PROGRAM
The IEDA Homebuyer Assistance Program will assist qualifying homebuyers (at or below %80 MHI) who purchase a newly constructed single-family home in the ECDC Bear River Cottages Pocket Neighborhood Development with the following:
  • $15,000 in down payment assistance/home
  • $3,500 in close cost assistance
  • $300 home inspection
In addition, the Eastern Iowa Regional Housing Corporation Housing Trust Fund (EIRHC HTF) Program provides an additional $10,000 in down payment assistance to qualifying homebuyers at or below 80% MHI.
Contact:
Carl Reimer
creaimer@ecia.org, 563-690-5732