Ramsey County awards $2.9 million to 11 affordable housing projects

posted in: News | 0

The Ramsey County Board of Commissioners this month awarded $2.9 million to 11 affordable housing projects being undertaken by emerging and diverse developers.

The developments, 10 of which are located in St. Paul, will add or preserve 174 units of affordable housing in the county, according to a news release issued Tuesday. The 11th development is located in Falcon Heights.

The funds were awarded through the county’s Emerging and Diverse Developers solicitation process, which targets firms and individuals that have owned or developed no more than five Minnesota housing properties in the past decade.

The EDD program was launched in August “to address racial barriers in real estate, providing emerging and diverse developers with a fair and equal opportunity to thrive in the early stages of the development process,” the county’s news release said.

Participants in the program will receive mentorship from industry experts, education and training, as well as networking opportunities, according to the news release.

The county’s next round of funding solicitations for housing developments is expected to open in February.

Related Articles

News |

St. Paul man found guilty in killing of 22-year-old walking home from work

News |

St. Paul bank robber caught by cash tracker sentenced to federal prison

News |

Shoreview: Investigators looking for hit-and-run Mercedes-Benz driver who seriously injured woman, 76

News |

St. Paul murder trial: Jurors to deliberate in case of 2nd man charged in killing of 22-year-old walking home from work

News |

St. Paul murder charge: Man killed on University Avenue had back to shooter

Leave a Reply

Your email address will not be published.