The Minnesota Housing Finance Agency board has approved funding awards totaling more than $134 million to build, preserve, and support affordable housing across the state. Some of those funds will be coming to communities in the Winona area.
According to the Minnesota Housing Finance Agency website, about 12 million dollars will be coming to Rochester for multi-housing development projects. Projects in Preston will be getting just over $1 million. An application for funding submitted by a Mankato developer for a multi-unit development in Lewiston, called 'The Corners,' was not accepted.
Organizations receiving the funds include non-profit and for-profit developers, community development agencies, and local units of government. Governor Mark Dayton said statewide the projects will support more than 4500 jobs across Minnesota and leverage hundreds of millions of dollars in additional private investment.