DEED launching workforce housing program

The Minnesota Department of Employment and Economic Development (DEED) will begin accepting applications Nov. 2 for grants awarded by the Workforce Housing Development Program. The program, which is open to cities and joint city-county economic development authorities in Greater Minnesota, provides matching funds that communities can use to encourage developers to build market-rate rental housing. A total of $2 million will be awarded in 2016 and another $2 million in 2017.

Under the program, grants cannot exceed 25 percent of the cost of building a new rental housing development. Local governments, nonprofits or benefiting businesses must contribute $1 for every $2 provided by the program.

The deadline for applying for the 2016 funding is Jan. 15, 2016. Projects will be selected on the basis of need, statewide economic impact, project financial plan and project readiness. Preference will be given to areas with fewer than 18,000 people.

Other details about the program are available here or by contacting Christine.schieber@state.mn.us.

Public information sessions about the program and the grant application process will be held in October at the following locations:

Austin
Thursday, Oct. 1, from 9 to 11 a.m.
Jay C. Hormel Nature Center (Ruby Rupner Auditorium)
1304 21st St. NE

Redwood Falls
Friday, Oct. 2, from 9 to 11 a.m.
City Council Chambers
333 S. Washington St.

Grand Rapids
Tuesday, Oct. 13, from 1 to 3 p.m.
Sheriff’s training room (basement)
440 NE First Ave.

Detroit Lakes
Wednesday, Oct. 14, from 9 to 11 a.m.
City Council Chambers
1025 Roosevelt Ave.