Winona City Council Agenda March 17, 2025
City Secures $503K Grant for Home Rehabilitation Program
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Description
The City of Winona entered an agreement with the Federal Home Loan Bank of Des Moines for $503,760 to rehabilitate about 20 owner-occupied homes for low/moderate-income residents.
Contract Details
Contract Amount
$503,760
Vendor
FEDERAL HOME LOAN BANK OF DES MOINES
Agency
City of Winona, MN
Contract Type
FINANCIAL_SERVICES
Document Date
March 17, 2025
Contract Term
Effective February 19, 2025; project completion required no later than February 19, 2028; 5-year retention on owner-occupied units
Renewal Date
2028-02-19
Renewal Info
Retention: 5 years for owner-occupied units after project closing. Drawdown deadline: 2/19/2026; completion by 2/19/2028.
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