The Red Wing Housing and Redevelopment Authority provides housing opportunities to elderly, disabled, handicapped, and family households in the city of Red Wing, Minnesota through a number of local, state, and federal programs. In addition, the RWHRA provides community redevelopment programs to assist in the development of businesses and their properties in Red Wing.
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The Red Wing HRA is accepting applications for its AHTF Homebuyers Assistance Program.
Funding for this program is made available through the Red Wing Affordable Housing Trust Fund (AHTF). The AHTF Memorandum approved by the HRA and City has a preference for funding opportunities for workforce housing, which means at least one member of the applying household must be employed as full-time to be eligible for this loan. For the Years 2017 and 2018, the allocation shall be $60,000.
The purpose of the program is to assist low and moderate-income workforce families with the purchase of affordable housing in the City of Red Wing. This program will provide financial assistance to households who have income at or below 115% of the area median income. Eligible households can receive up to $9,000 for homebuyer assistance based on need. The applicant must have at least $1,000 of their own equity in the home purchase.
The homebuyer assistance will act as a deferred loan at zero percent interest. This means that the borrower will not need to make monthly payments on this loan. However, the loan is not forgivable. It must be paid back by the homeowner upon the sale of the house, vacating the house as a primary residence, or at the expiration of the 30-year term.
Applicants will be processed as received on a pipeline basis. The program will continue until the $60,000 is allocated to applicants.
The AHTF Guidelines and Application links are here: (guidelines)(application). We recommend reading the Guidelines before beginning the application process. Program is subject to change.
Pictured from l to r: Corrine Stockwell, Jackie Luikart, Jane Allen-Calhoun, Tim Alms, Tom Hughes, and Jeff Marcus.
Photo credit: Tom Severson, Red Wing Photo Club member.
Congratulations to Tim Alms, Tom Hughes and Jeff Marcus of the Red Wing Photo Club. Their pictures were selected from nearly 70 submissions to be part of the HRA's 2018 calendar. The Photo Club was challenged to depict the beauty within Red Wing. Tim had two photos selected. They received $50 for each photo that was chosen for the calendar.
To be eligible to enter the 2019 contest, the photographer must be a member of the
Randal received the Allan Anderson Award of Merit at the 2017 MN NAHRO Spring Conference. The Allan Anderson Award of Merit award was established to recognize an individual who has distinguished themselves with excellence and leadership in their career in housing and/or community development. Persons nominated for this award exemplify the dedication and leadership needed to serve their community and its people in providing affordable housing and community development activities.
For Capital Improvements to Jordan Tower II Apartment Complex
The Red Wing Housing & Redevelopment Authority (HRA) has been awarded $3.7 million dollars in funding through Minnesota Housing Finance Agency (MHFA) for Jordan Tower II an eight story apartment complex, constructed in 1979, containing 104 residential units.
This funding will be used for capital improvements, over $2 million needed to address critical physical needs which include: replacement of inoperable/failing windows, correcting and bringing up to date fire code issues, repairing deteriorated concrete at balconies, and addressing asbestos abatement. Non-critical repairs include replacement of roof, tuck pointing of the brick veneer exterior, replacement of bathroom plumbing fixtures and vanities, and repair of old deteriorating sewer lines.
HOME Investment Partnership program
Term: 20 years
Interest Rate: 0%
Deferred loan providing rental assistance is maintain during this timeframe.
Preservation Affordable Rental Investment Fund (PARIF) program
Term: 15 years
Interest Rate: 4.50%
Payment deferred for 5 years
This funding will ensure that Jordan Towers II will continue to be a viable affordable housing option for very low income seniors and persons with disabilities for the next 20 years in Red Wing, MN.
The award of $3.7 million could not have happened without the assistance and guidance of the staff at MHFA; Randal Hemmerlin, Executive Director, Red Wing HRA; Ronnelle Jaeger, Program Management Coordinator, Red Wing HRA; and Dan Dege, Finn Daniels Architects.
COMMUNITY DEVELOPMENT GRANT PROGRAM
The Red Wing Housing and Redevelopment Authority Board of Commissioners reallocated funds to the Community Development Grant Program at its regular Board meeting on November 8, 2016 for 2017. The 2017 allocation was set at $40,000 with a maximum grant amount of $20,000 per application. The Community Development Grant Program is open to 501 c 3 non-profit organizations. Examples of eligible grant purposes are for equipment for use by the applicant; office furniture; appliances; desks; tables; rehabilitation of buildings owned by the applicant; pass-through funding for activities that develop the community. See the Community Development Grant Program for further details on the program.
We are accepting applications as of January 1, 2017.
As of October 31, 2015, the Red Wing HRA has about $1.34 million in Small Cities amortized and deferred loans that were made to commercial businesses and homeowners to improve their properties. Amortized loans have an annual or monthly payment to the HRA’s Small Cities Program Income fund. The HRA relends the Small Cities Program Income funds to commercial businesses for eligible rehabilitation projects in our target areas. The typical loans are $50,000 total of which $25,000 is amortized for payback over 10 years and the other $25,000 is deferred with a 10 year forgiveness clause if conditions are met. Both loans have 0% interest rates. Because there is a high demand for these funds and limited supply, commercial business property owners should contact the HRA to discuss their proposal and see if funds are available. Typically, we are able to make one to two Small Cities Program Income fund loans per year depending on the payback of the existing loans.