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Burlington School Board sells two district-owned lots to Hope Haven

Burlington School Board sells two district-owned lots to Hope Haven
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Burlington School District may sell lots by Edward Stone Middle School

It would just be one home, and it would be a nice, four-bedroom home, Bartles said.  HCBS waiver homes allow people with disabilities to receive services while integrating into their communities. Hope Haven is eyeing a combination zero-percent interest and forgivable loan through the Iowa Finance Authority s Revolving Loan Fund to pay for construction of the home, but it must have control over the worksite before it can apply.  Let s say build a house and that house is a $300,000, and we do what we say we re going to do which we always do half of the value of that house becomes the equivalent of a grant after five years, Bartles explained. It s a forgivable loan, so that really helps us on capital. And then part of the remainder, let s say 17%, is zero-percent interest for 10 years, and that helps us as well.

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