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 $658,592,697 of public and private investment to the region.
- Initiated and developed comprehensive homebuyer services, which has now served 4,633 people in education, 1,386 households in mortgage counseling, 259 households in foreclosure counseling, 254 households in post-purchase/counseling, 179 households in financial literacy, and 48 households in financial coaching, 20 households in rental education and helped 15 households with starting a savings program.
- Brought in private investor tax credit projects to create 1, 165 affordable rental units.
- Financed 1,287 rental units through essential function bonds and other sources.
- 244 loans through Loan Loss Reserve provided to Southwest Initiative Fund, enabling businesses to purchase, repair, and improve business buildings for downtown revitalization, preserving 327 jobs and creating 223 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 257 emerging markets households to purchase homes.
- Provided access to land and housing to 32 households through the Partnership Community Land Trust.
- Constructed 277 new affordable single-family homes in growing communities.
- Provided 79 units of service-enriched housing for families and individuals with health needs.
- Rehabilitated 1,868 homes and 2,878 rental housing units for low-income families in local communities.
- Repaired 341 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.