12 communities in our region have been identified as eligible for the new Workforce Housing Development Program through special funding provided by the MN Legislature last year.
This program provides funds for the direct development of Market Rate Residential Rental Properties to increase the availability of rental housing in Greater Minnesota.
$2Million dollars area available statewide. MN Housing expects to fund 3-5 projects in MN.
Grants are available for up to 25% of the total project cost.
Must be a an Eligible Project Area
Must be working with a developer
Must have a viable proposal for the development of a Market Rate Residential Rental Property