town-of-morse-agenda-2025-07-08_754.pdf
Village apartments LLC Receives $677000 for Development
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Description
Village Apartments LLC is granted a $677000 TIF assistance through a pay-as-you-go agreement. It will be used for construction of 35 unit apartment. Developer required to rent out 20% of the units to person whose income does not exceed 50% of the county median income.
Contract Details
Contract Amount
$677,000
Vendor
VILLAGE APARTMENTS
Agency
Town of Morse, MN
Contract Type
Tax Increment Financing
Document Date
July 8, 2025
Contract Term
NA
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