Story of Impact from Minnesota’s Housing Scorecard, Feb. 2020:
Housing Goal Two – Preserve the Homes We Have
Scheduled expirations of USDA-RD mortgages jeopardize housing stability for hundreds of households. These developments are the only affordable housing available in some Greater Minnesota communities and often serve people with extremely low incomes. In response, Minnesota Housing and USDA-RD created a joint program to provide $10 million in rehabilitation resources and 200 units of federal rent assistance. This assistance will provide deep affordability to individuals and families spread across eight communities in central and southeastern Minnesota for 20+ years. The Greater Minnesota Housing Fund is currently working with USDA-RD and Minnesota Housing to preserve approximately 600 more homes throughout the state, including projects in Brooten, Hackensack, Watertown, and Mayer.
