SUPPLIESAPPROVED

Blue Earth County Board of Commissioners Agenda 2026-06-09

Blue Earth County EDA Backs $100,000 Land Trust for Affordable Homes

$100,000 from County Affordable Housing Trust Fund, contingent upon MN Housing Impact Fund award; up to $10,000 per home, pay-as-you-goBlue Earth CountySOUTHWEST MINNESOTA HOUSING PARTNERSHIPJune 9, 2026

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Description

The EDA approved a $100,000 funding commitment from the Affordable Housing Trust Fund to Southwest Minnesota Housing Partnership for Phase VI of the Partnership Community Land Trust, supporting up to 10 affordable homes. Funding is contingent on MN Housing Impact Fund approval and available through December 31, 2029.

Contract Details

Contract Amount

$100,000 from County Affordable Housing Trust Fund, contingent upon MN Housing Impact Fund award; up to $10,000 per home, pay-as-you-go

Vendor

SOUTHWEST MINNESOTA HOUSING PARTNERSHIP

Agency

Blue Earth County, MN

Contract Type

SUPPLIES

Document Date

June 9, 2026

Contract Term

Funding available through December 31, 2029; pay-as-you-go as homes are completed and sold

Renewal Date

2029-12-31

Renewal Info

Single phase disbursement; pay-as-you-go with final commitment deadline of December 31, 2029. Prior phases funded by EDA, ongoing partnership.

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