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 $618,943,921 of public and private investment to the region.
- Initiated and developed comprehensive homebuyer services, which has now served 4,541 people in education, 1,341 households in mortgage counseling, 233 households in foreclosure counseling, 210 households in post-purchase/counseling, 170 households in financial literacy, and 34 households in financial coaching.
- Brought in private investor tax credit projects to create 1,117 affordable rental units.
- Financed 1,144 rental units through essential function bonds and other sources.
- 230 loans through Loan Loss Reserve provided to Southwest Initiative Fund, enabling businesses to purchase, repair, and improve business buildings for downtown revitalization, preserving 318 jobs and creating 213 new jobs.
- 24 loans through Loan Loss Reserve provided to Greater Minnesota Housing Fund for multi-family preservation of 1,005 units.
- Enabled 326 households to purchase homes with low-interest mortgages, gap financing, or closing cost assistance.
- Facilitated 256 emerging markets households to purchase homes.
- Provided access to land and housing to 32 households through the Partnership Community Land Trust.
- Constructed 270 new affordable single-family homes in growing communities.
- Provided 79 units of service-enriched housing for families and individuals.
- Rehabilitated 1,859 homes and 2,747 rental housing units for low-income families in local communities.
- Repaired 336 downtown businesses and community buildings through low-interest loan programs.
- Provided disaster relief services to 626 families affected by tornadoes or floods.
- Prepared 670 lots for new housing development.