PROFESSIONAL_SERVICESAPPROVED

Carver County Community Development Agency Board Meeting Agenda Packet April 2026

CDA Partners With RTMN for Senior Home Repair Program

Up to $500,000 in LAHA-funded loan pool (program level)CARVER county CDAREBUILDING TOGETHER MINNESOTAApril 16, 2026

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Description

The Carver County CDA Board approved guidelines for a new Senior Home Repair Program and authorized entering into a partnership with Rebuilding Together Minnesota to administer it. The program will use $500,000 in Local Affordable Housing Aid to offer 10-year deferred forgivable loans of up to $30,000 for critical home repairs and accessibility improvements for low-income senior and disabled homeowners.

Contract Details

Contract Amount

Up to $500,000 in LAHA-funded loan pool (program level)

Vendor

REBUILDING TOGETHER MINNESOTA

Agency

CARVER county CDA, MN

Contract Type

PROFESSIONAL_SERVICES

Document Date

April 16, 2026

Contract Term

10-year deferred forgivable loans per household; program duration tied to ongoing LAHA funding with no designated end date

Renewal Info

Program uses ongoing LAHA funding with no statutory end date; individual loans forgiven over 10 years at one-tenth per year if occupancy requirements are met. Future contract renewals or amendments with RTMN may occur as additional LAHA funds are allocated.