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FINANCIAL_SERVICESAPPROVED

Blue Earth County Board of Commissioners Agenda April 2026

EDA Approves $350,000 Housing Trust Fund Loan for RAD Conversion

$350,000 (not to exceed)Blue Earth CountyBLUE EARTH COUNTYApril 21, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The Blue Earth County Economic Development Authority approved a zero-interest Housing Trust Fund loan of up to $350,000 to support its RAD/Section 18 Small PHA Blend conversion to project-based vouchers. The three-year cashflow loan will fund rehabilitation, reserves, and operating stabilization, with repayment expected from improved post-conversion cash flow.

Contract Details

Contract Amount

$350,000 (not to exceed)

Vendor

BLUE EARTH COUNTY

Agency

Blue Earth County, MN

Contract Type

FINANCIAL_SERVICES

Document Date

April 21, 2026

Contract Term

Three-year term from date of disbursement

Renewal Info

Three-year zero-interest cashflow loan; any extension or modification would require additional Board action.

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