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Walz announces $195M to increase access to affordable housing for Minnesota

KAAL-TV Created: December 17, 2020 04:07 PM (ABC 6 News) - Governor Tim Walz, Lieutenant Governor Peggy Flanagan and Minnesota Housing Commissioner Jennifer Leimaile Ho announced in an online presentation today that the Minnesota Housing board of directors approved staff recommendations of $195 million to create and preserve 2,387 homes throughout the state, including rental units and single-family homes. The announcement outlined 73 developments that support more than 5,300 jobs and will leverage $334 million in private and local resources for more than $529 million in total development costs. Each of the projects included in today’s announcement were reviewed through a single common application process with funding from Minnesota Housing, the Metropolitan Council, Ramsey County and Greater Minnesota Housing Fund.

Walz Announces Nearly $200 Million to Increase Access to Affordable Housing

Fox21Online December 17, 2020 ST. PAUL, Minn.-Gov. Tim Walz administration has announced the Minnesota Housing board of directors approved staff recommendations of $195 million to create and preserve 2,387 homes throughout the state, including rental units and single-family homes. Full details on all of the selected and advancing developments, including maps and videos, are available online at www.mnhousing.gov/sites/np/2020selections.  The announcement outlined 73 developments that support more than 5,300 jobs and will leverage $334 million in private and local resources for more than $529 million in total development costs. Each of the projects included in today’s announcement were reviewed through a single common application process with funding from Minnesota Housing, the Metropolitan Council, Ramsey County and Greater Minnesota Housing Fund.

Minnesota announces $195 million in housing grants and loans

Minnesota announces $195 million in housing grants and loans Bill Salisbury © Provided by Twin Cities Pioneer Press Homes along 24th Avenue West in Duluth. (Jed Carlson / Forum News Service) The Minnesota Housing agency announced Thursday it has approved $195 million in grants and loans to create and preserve 2,387 affordable homes across the state, including rental units and single-family houses. State Housing Commissioner Jennifer Ho said the funds will be used to build new single-family houses, fix up older housing, and help low-income Minnesotans buy their first homes and others in need pay their rent or make mortgage payments. All Minnesotans deserve access to affordable homes, Gov. Tim Walz said Thursday.

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