WATERLOO, Iowa (AP) — A group is planning to invest $1.2 million to renovate four historic homes in a Waterloo neighborhood and is seeking city help in creating a historic district.


Waterloo City Council members are expected Monday to consider an agreement for JSA Development to invest the money for the homes in the Walnut Neighborhood.

The proposed agreement calls for the city to put a two-year moratorium on any building demolition in the neighborhood and fund an estimated $20,000 survey to declare it a historic district on the National Register of Historic Places.

The city would donate three of the homes and spend up to $60,000 purchasing the fourth. JSA Development would also get $10,000 from the city for each property it successfully rehabilitates.

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