Outside Funding Sources Important Tool in Swift County’s Housing Toolkit
Tuesday, November 26, 2019
Swift County’s Rural Development Authority (RDA) and Housing & Redevelopment Authority (HRA) applied for $500,000 from Minnesota Housing Finance Authority’s Rental Rehabilitation Deferred Loan Program (RRDL). The funding helps owners of small to medium rental properties located outside of the five-county metropolitan area to finance moderate rehabilitation of structurally sound residential rental units. If the application is successful the money will enable the Swift County HRA to rehabilitate 15-20 units of rental property while maintaining rents that are affordable for Swift County residents. Winners of funding will be announced in March 2020.
“The program is extremely competitive and a few things wil...