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