Charles City Area Development Corporation
Short-term financial assistance for businesses in Floyd County and Nashua, Iowa being impacted by the COVID-19 pandemic is being made available through a joint effort by the Charles City Area Development Corporation and Community Revitalization of Charles City, Iowa.
Utilizing funds from their respective Revolving Loan Funds, the two organizations have created an Emergency Microloan Program for businesses with between 1 – 30 employees. Eligible businesses may receive a $3,500 loan at 0% interest for six months. Repayment will be due at that time. Up to 20 businesses in Floyd County and Nashua, Iowa will be able to receive loans through this program.
Applications may be obtained by telephoning Charles City Area Development Corporation or Community Revitalization of Charles City, Iowa at 641.228.3020 and 641.228.2335, respectively. The application is posted at www.charlescityia.com and www.charlescitychamber.com. Electronic mail contacts are Mark Wicks of Community Revitalization at firstname.lastname@example.org and Tim Fox of Charles City Area Development at email@example.com.
Loans will be secured via Promissory Note and personal and business guarantees, with a streamlined application process designed to get funds to approved businesses as quickly as possible.
Successful applications will be processed on a first come, first served basis, as long as funding is available. Link is available here for application.
About Charles City, Iowa / Floyd County Iowa
Charles City (population 7,652), the county seat of Floyd County is situated along the Avenue of the Saints (Iowa 27) in northern Iowa. Charles City is a significant commercial and transportation center for the area, located on U.S. Highways 18 and 218, Iowa Highway 14, and the Canadian National Railway Co. and the Canadian Pacific Railroad.
Charles City is known as the birthplace of the farm tractor in the early 1900’s by the Hart-Parr Company.
Charles City Area Development Corporation 2017
Floyd County Housing Trust Fund Furnace Replacement Program Accepting Applications
The Board of Directors of the Floyd County Housing Trust Fund announces acceptance of applications within its 2020 Furnace Replacement Program. Any qualifying residence within Floyd County may apply.
The Board of Directors is accepting applications within the “Less than 30% Median” and “31% – 50% Median” income categories. The Trust Fund intends to cover 100% of replacement costs for those under 30% median, and 75% within the 31% – 50% category. The adjusted annual income thresholds by number residing in the home:
In addition to meeting the income criterion, to qualify applicants must own and occupy the home, be current on property taxes and homeowner insurance, and the existing furnace must be at least 10 years old. Applicants specify their contractor of choice regarding the furnace purchase and installation.
“This is one of the most needed and well-appreciated programs that I have ever been involved with” commented Floyd County Housing Trust Fund Chair Connie Parson. “We have installed over 400 furnaces in Floyd County and encourage all eligible residents to apply.”
Applications are still being accepted. Applications may be obtained from, and submitted to, the Charles City Area Development Corporation, 401 North Main Street, Charles City, Iowa, 641.228.3020, fax 641.228.4744 or email firstname.lastname@example.org. The application is also posted at www.charlescityia.com. The Trust Fund is reaching out to underserved areas of the county concerning non-English speaking residents. The application is available in Spanish and Tagalog.
Floyd County Home Base Iowa Initiative
The state of Iowa has proactively become competitive in pursuit of transitioning military talent in creating the “Home Base Iowa” program in 2014. Assistance is available for employment, housing and identifying communities where their skills shall be valued. Home Base Iowa helps address Iowa’s middle-skill workforce gap.
This is a unique opportunity for businesses to access the wealth of talent and experience engendered within our military personnel. Businesses have the opportunity to recruit prospective employees with technical and transferable skills. Communities have the opportunity to add residents of high moral fiber, good work ethic and social productivity.
Floyd County was certified as a “Home Base Iowa Community” on 23 September 2014.
The Floyd County Board of Supervisors is implementing the Home Base Iowa local veteran’s incentive by offering a $10,000 loan to be used for down payment assistance, closing costs and/or home improvements at closing for a residence purchased in Floyd County. Home improvement services and materials must be purchased in Floyd County. The loan is repayable over five years at 0% interest. A veteran is defined as: a. Meeting standards of service denoted in Chapter 35 “Veterans Affairs” subsection 35.1 “Definitions” of the Code of Iowa 2013; b. A federal status injured person having served in active duty; c. A surviving spouse of an eligible service person.
Applicants must be employed at minimum 30 hours per week or have a conditional offer for employment.
Floyd County will secure a mortgage upon the purchased real estate and recipient shall sign a Promissory Note.
Charles City Area Development Corporation shall administer the program. It shall be the policy of the Floyd County Board of Supervisors and the Charles City Area Development Corporation that no person shall be discriminated against on the basis of race, color, national origin, age, isability, and where applicable, sex, marital status, familial status, parental status, religion, sexual orientation, genetic information, political beliefs, reprisal, or because all or part of an individual’s income is derived from any public assistance program.
While the primary intent is to serve veterans being discharged from service, current Floyd County employed veterans are eligible should they currently not own their own home in Floyd County and have not owned a home in Floyd County within the past five years and meet the veteran qualification under Chapter 35 of the Code of Iowa.