Midwest Minnesota Community Development Corporation (MMCDC)

How can we help you?

Commercial Lending

Commercial Lending New Markets Tax Credit Financing Helpful Resources

We offer lending for new and existing business and business expansions that generally serve to improve the community.

Mortgage Lending

Buy Repair

We provide affordable loans for home purchase, repair and refinance.

Housing

Affordable Rental Housing Housing Development

We provide numerous housing services for those looking to own a home, as well as affordable rental opportunities.

Real Estate

We build and manage properties for residential and business use.

Capital. Innovation. Success.

For more than 50 years, MMCDC has been providing capital resources and innovative ideas to assist in successful business and community development throughout Minnesota and the Midwest. We provide financial assistance to businesses for the creation of jobs, to communities for new development, and to individuals for home ownership, as well as other services.

We offer business loans ranging from $5,000 to $20,000,000. We identify community needs and create solutions, including the development of apartment buildings, homes with affordable payments and new subdivisions. We manage, build and restore buildings for affordable rental housing. We provide affordable loans for home purchase, remodel and refinance. We are committed to creating housing solutions for first-time home buyers and others in rural Minnesota so that they can purchase affordable new homes.

This institution is an equal opportunity provider, employer, and lender.

MMCDC News

NeighborWorks and Others Support Proposed Townhome Development in Rural Minnesota

New townhomes proposed by Midwest Minnesota Community Development Corporation have won the support of several development partners.

MMCDC President and CEO Julia Nelmark

Minnesota Housing, the Federal Home Loan Bank of Des Moines, the City of Mahnomen, the Northwest Minnesota Foundation, the Minnesota Housing Partnership, and NeighborWorks America have provided early or conditional commitments of various types of support – including tax credits, grants, in-kind services, and property — for the planned development in Mahnomen, Minn.

MMCDC’s fundraising efforts are still underway, but if successful, will lead to construction of 24 two- and three-bedroom units with attached garages. The units will be income-restricted.

“Low-income housing tax credit developments such as this often require years to bring to fruition,” MMCDC President Julia Nelmark said. “We want to express our gratitude to all those organizations whose support has been essential for us to reach this point. Thank you!”

NeighborWorks America is proud to support MMCDC in bringing much-needed affordable housing to Mahnomen. This project highlights how the power of partnership can create sustainable impact in rural communities. And announcing this progress during NeighborWorks Week is especially meaningful, as they celebrate alongside more than 180 other network members, collectively honoring our shared commitment to creating homes and building America.” — Deletta Dean, Regional Vice President, Midwest Region

The City of Mahnomen is located within Mahnomen County and, at roughly 1,200 people, is the largest city on the White Earth Reservation in rural Minnesota. It is home to a tribal hotel, casino and event center that offers significant employment opportunities to the region; it also has a local school system, a tribal and community college, medical facilities, and more.

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Immediate 2BR opening at Townhomes in Blackduck, MN

Modern rental housing with a patio, dishwasher, in-unit laundry hook-ups and attached garage is open in Blackduck, Minn.

Blackduck Townhomes is income-restricted, and housing vouchers are accepted. There is a playground area outside. Tenants pay heating and electricity costs, including air conditioning. The landlord pays garbage, water and sewer costs.

Located just east of Blackduck Lake, the City of Blackduck is a quiet community featuring a scenic trail system, municipal golf course, campground, local school system, its own police and fire department, and a medical clinic. it is surrounded by state and national forest lands, but also within commuting distance to jobs in Bemidji and on the Leech Lake and Red Lake Reservations.

Call 218-847-5641 for information.

A Blackduck Townhomes patio

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Smith Furniture on Display at New Home for Sale in Wadena, MN

A local furniture store has set up a display inside MMCDC’s model home for sale. The home is located at 722 Lincoln Ave., Wadena, in the 10-lot Whispering Pines development.

There is a living room suite, kitchen table and chairs, and bedroom set, along with mirrors, plants and more. All furniture is available for sale from Smith Furniture, Wadena.

Click here to learn more about the home and see the photos.

> Read More

How can we help you?

Capital. Innovation. Success.

MMCDC News

NeighborWorks and Others Support Proposed Townhome Development in Rural Minnesota

Immediate 2BR opening at Townhomes in Blackduck, MN

Smith Furniture on Display at New Home for Sale in Wadena, MN

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Help reduce the racial homeownership gap. Applications are due no later than 3:00 p.m. on February 14, 2024.