The ‘80s were a time of struggle. People were faced with skyrocketing utility and mortgage rates and thousands were threatened with losing the family farm.
Lots of people felt we had to do something about it. And, true to form, CCI members came out swinging for everyday Iowans.
Our work in the ‘80s amounts to more than $100 million in “people first” investments.
- Saved family farms from foreclosure
We stopped farm foreclosures and renegotiated over 200 loans that saved family farmers $4 million.
- Made sure banks made loans in low- to moderate-income neighborhoods
In Des Moines alone, we negotiated lending agreements with ten banks that resulted in over $60 million in affordable mortgage loans in underserved areas. This work continued into the 2000s.
- Kept utilities affordable in Iowa:
- Won gas and electric rate reductions totaling $3 million for utility customers across the state.
- Won a weatherization program that provided $1.5 million in grants to low-income seniors in five Iowa communities.
- Won heating bill assistance for lower income Iowans which allocated $500,000 to low-income residents, and eventually became a permanent law.
- Helped family farmers get the bank credit they needed:
We helped more than 1,200 small and mid-sized farmers in 27 Iowa communities obtain nearly $37 million in credit for a variety of agricultural purposes.