Iowa City withholding Jumpstart and CBDG funds

Also, their is an article in today's Gazette - (I can't find it online so you'll have to pick up the paper) - describing how Iowa City is planning to disburse funds only to 11 families out of the 124 families that applied for Jumpstart and CDBG funding. Iowa City is stretching funds by withholding them and only granting funds to a few people now and indicating possibly 1/2 of the applicants may receive some funds at a later date. It seems Iowa City is encouraging to developing the flood plains to help "Jumpstart" local real estate developers by allowing home sales at substantial discounts at the expense of homeowners rather than aiding victims of the 2008 flood.