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 $524,141,043 of public and private investment to the region.
- Initiated and developed comprehensive homebuyer services, which has now served 4,404 people in education, 1,267 households in mortgage counseling, 212 households in foreclosure counseling, 175 households in post-purchase/counseling, and 83 households in financial literacy.
- Brought in private investor tax credit projects to create 917 affordable rental units.
- Financed 1,040 rental units through essential function bonds and other sources.
- 185 loans through Loan Loss Reserve provided to Southwest Initiative Fund, enabling businesses to purchase, repair, and improve business buildings for downtown revitalization, preserving
- 241 jobs and creating 146 new jobs.
- 21 loans through Loan Loss Reserve provided to Greater Minnesota Housing Fund for multi-family preservation of 736 units.
- Enabled 325 households to purchase homes with low-interest mortgages, gap financing, or closing cost assistance.
- Facilitated 239 emerging markets households to purchase homes.
- Provided access to land and housing to 24 households, who are otherwise denied access, through the Partnership Community Land Trust.
- Constructed 271 new affordable single-family homes in growing communities.
- Provided 75 units of service-enriched housing for families and individuals with health needs, with an additional 4 units in development.
- New Life for Homes and Communities
- 1,827 homes and 2,344 rental housing units for low-income families in local communities.
- Repaired 333 downtown businesses and community buildings through low-interest loan programs.
- Provided disaster relief services to 626 families affected by tornadoes or floods.
- Prepared 610 lots for new housing development.