Since 1992, the Southwest Minnesota Housing Partnership has been busy – busy bringing new resources, new homes, and new life to communities throughout southern Minnesota. Here’s just a taste:
- Gathered over $754,237,249 of public and private investment to the region.
- Initiated and developed comprehensive homebuyer services, which has now served 4,932 people in education, 1,609 households in mortgage counseling, 294 households in foreclosure counseling, 323 households in post-purchase/counseling, 179 households in financial literacy, and 71 households in financial coaching, 20 households in rental education and helped 30 households with starting a savings program.
- Brought in private investor tax credit projects to create 1,243 affordable rental units.
- Financed 1,634 rental units through essential function bonds and other sources.
- 297 loans through Loan Loss Reserve provided to Southwest Initiative Fund, enabling businesses to purchase, repair, and improve business buildings for downtown revitalization, preserving 425 jobs and creating 265 new jobs.
- 39 loans through Loan Loss Reserve provided to Greater Minnesota Housing Fund for multi-family preservation of 1,482 units.
- Enabled 404 households to purchase homes with low-interest mortgages, gap financing, or closing cost assistance.
- Facilitated 258 emerging markets households to purchase homes.
- Provided access to land and housing to 32 households through the Partnership Community Land Trust.
- Constructed 301 new affordable single-family homes in growing communities.
- Provided 143 units of service-enriched housing for families and individuals with health needs.
- Rehabilitated 1,896 homes and 3,198 rental housing units for low-income families in local communities.
- Repaired 356 downtown businesses and community buildings.
- Provided disaster relief services to 629 families affected by tornadoes or floods.
- Prepared 670 lots for new housing development.