Duluth EDA provides HOME, ARPA and TIF to Brae View
Minnesota Housing Finance Agency | State of MinnesotaState · St. Paul, MN- Disclosed value
- $725,000 HOME; $3,132,143 American Rescue Plan Act; plus 26 years of Tax Increment Financing income
- From agendapacket
- Document date
- Apr 23, 2026
The 30-second brief
The Duluth Economic Development Authority is committing $725,000 in HOME funds, over $3.13 million in American Rescue Plan Act funding, and 26 years of tax increment financing to the Brae View senior housing development. TIF revenues will capitalize an operating reserve to bolster long-term project stability.
Duluth Economic Development Authority holds this financial services contract with Minnesota Housing Finance Agency | State of Minnesota. Its other public contracts on record include work for Minnesota Housing Finance Agency and HRA of DULUTH, MINNESOTA.
Term as filed: HOME and ARPA loans/assistance per local terms; Tax Increment Financing income for 26 years.
See who signed off on this contract.
See who signed offFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- $725,000 HOME; $3,132,143 American Rescue Plan Act; plus 26 years of Tax Increment Financing income
- Document date
- April 23, 2026
- Term
- HOME and ARPA loans/assistance per local terms; Tax Increment Financing income for 26 years
- Source document
- Minnesota Housing Board Agenda Packet 2026-04-23 (AgendaPacket)
Duluth Economic Development Authority's other public contracts
More Minnesota Housing Finance Agency | State of Minnesota contracts
Questions about this contract
Who was awarded the financial services contract by Minnesota Housing Finance Agency | State of Minnesota?
Duluth Economic Development Authority was awarded this financial services contract by Minnesota Housing Finance Agency | State of Minnesota, as recorded on April 23, 2026. The contract value is $725,000 HOME; $3,132,143 American Rescue Plan Act; plus 26 years of Tax Increment Financing income.
How much is the Duluth Economic Development Authority contract with Minnesota Housing Finance Agency | State of Minnesota worth?
The Duluth Economic Development Authority contract with Minnesota Housing Finance Agency | State of Minnesota is valued at $725,000 HOME; $3,132,143 American Rescue Plan Act; plus 26 years of Tax Increment Financing income, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Minnesota Housing Board Agenda Packet 2026-04-23 (AgendaPacket), dated April 23, 2026 from Minnesota Housing Finance Agency | State of Minnesota. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Duluth Economic Development Authority hold?
Duluth Economic Development Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Minnesota Housing Finance Agency | State of Minnesota currently buying?
Explore Minnesota Housing Finance Agency | State of Minnesota's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.