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Housing

Housing Mission

The Mission of the City of David City is to assist, rehabilitate and develop decent, safe and sanitary quality affordable housing in a manner that promotes equal opportunity and fair housing. In accomplishing this goal, David City is committed to maintaining affordable housing programs that can meet the needs of low- to moderate-income households in the long term and serve as viable community resources promoting economic independence and self-sufficiency for its residents.

The City of David City is committed to providing housing assistance programs that encourage, support and empower individuals and families to become more independent through recognition of personal responsibility and healthy behaviors while reducing social problems by providing services of value to taxpayers and strengthen the quality of life for residents of David City.

The City of David City, either in-house or through a network of regional, state and/or federal partnerships, provides downpayment assistance and owner occupied housing rehabilitation to those individuals or families that meet local, state and federal guidelines.

Housing Assistance Program

The City of David City utilizes Community Development Block Grant (CDBG) reuse funds to provide assistance to low- to moderate-income individuals and families for downpayment assistance and owner occupied rehabilitation.

  • Downpayment Assistance
    – CDBG funds are used for funding the gap between what a bank will offer on a loan and the actual cost of the house being purchased. These funds are normally given at 0% interest and are paid back based on the repayment schedule (Maximum of $5,000 per borrower).

    • Rehabilitation Assistance – Home owner loans to rehabilitate existing older homes in David City where such rehabilitation is necessary to make the home safe, decent and sanitary. If the home to be purchased requires major repairs, and then the lender, a contractor and a representative of the city would inspect the home and determine the rehabilitation work needed. The funds needed to complete the repair work would then be available to the homebuyer subject to the amount in the existing fund. These funds are normally given at 0% interest and are paid based on the repayment schedule (Maximum of $10,000 per barrower).

    The CDBG reuse funds are administered by the David City Housing Committee and approved by the City Council of David City. Guidelines and applications may be requested in person at City Hall located at 557 4th Street, David City or by downloading the guidelines and applications by clicking on the link above and printing those documents. Hard copies of all applications and supplementary documentation must be submitted to City Hall in person or by mail. Electronic applications or supplementary documentation will NOT be accepted. All applications must be companied by a 3% application fee.

    Please contact Joan Kovar, Interim City Administrator, for questions and/or assistance with the David City Housing Assistance Programs.

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