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# Midwest Minnesota Community Development Corporation

Blending Capital With Innovation For Successful Community Development

## Sitemaps

- [XML Sitemap](https://www.mmcdc.com/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [News](https://www.mmcdc.com/news/) - News and headlines from the businesses, communities and individuals we serve.
- [Happy NeighborWorks Weeks, 2026!](https://www.mmcdc.com/happy-neighborworks-weeks-2026/) - In partnership with NeighborWorks America, we are celebrating NeighborWorks Weeks alongside nearly 250 similar organizations nationwide. This year’s theme is “Creating Homes, Building America” — and we’re doing just that. MMCDC’s programs help residents to achieve financial and housing stability, communities to revitalize aging neighborhoods, and small businesses to create jobs and tax base where
- [Welcome to Pine Villa Apartments, Menahga, MN!](https://www.mmcdc.com/welcome-to-pine-villa-estates-menahga-mn/) - We have affordable rentals for independent seniors and individuals with documented disabilities! The Pine Villa Apartments in Menahga, Minn., feature 1-bedroom, 1-bath apartments plus a community room on the main floor. Most units include a walk-in shower. Pine Villa provides affordable rental housing for income-qualified households. The property is designated for independent seniors and individuals
- [Accepting Applications for Graystone Hotel and Annex Apartments](https://www.mmcdc.com/accepting-applications-for-graystone-hotel-and-annex-apartments/) - MMCDC is accepting applications for its downtown Detroit Lakes, Minn., rental units. All units are income-restricted, and rent is all-inclusive. Situated at Detroit Lakes’ primary downtown intersection, the Graystone Hotel and Graystone Annex are convenient to local shopping, offices, restaurants and off-street parking. Both buildings have secured entrances, elevators and coin-operated laundry service on each
- [3 BR Apartment for Rent in Detroit Lakes, MN](https://www.mmcdc.com/affordable-apartments-for-rent-near-dl-middle-school/) - Eleventh Avenue Apartments offers secure, well-maintained housing near the Detroit Lakes Middle School and Roosevelt Elementary School. Currently we have a 3-bedroom unit for rent. All units are income-restricted. This family-friendly neighborhood also is located near a bike trail, dental services, a church, and the Head Start and Boys and Girls Club locations. Go to the
- [Office Space for Rent in DL, MN - LEASED](https://www.mmcdc.com/office-space-for-rent-in-detroit-lakes/) - Thank you for your interest; this space is no longer available. Open your business in downtown Detroit Lakes, Minn.! The office at 119 Graystone Plaza, Suite 106, is available for rent. Visible from Highway 10, the office is within walking distance of a post office, courthouse, chamber of commerce, library, grocery store, restaurants, shopping
- [MMCDC receives $75 million in 2024-2025 New Markets Tax Credit Allocation](https://www.mmcdc.com/mmcdc-receives-75-million-in-2024-2025-new-markets-tax-credit-allocation/) - The U.S. Department of the Treasury has named Midwest Minnesota Community Development Corporation (MMCDC) a New Markets Tax Credit allocatee in its most recent round. We look forward to using this new $75 million allocation to drive more investment into communities that lack access to capital, including rural and Native Areas in Minnesota, North Dakota,
- [Smith Furniture on Display at New Home for Sale in Wadena, MN -- Home Under Contract](https://www.mmcdc.com/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
- [Episode 13: The Neighbor Project - Renting With A Purpose](https://www.mmcdc.com/episode-13-the-neighbor-project-renting-with-a-purpose/) - Not everyone is ready to buy, and that’s okay. In this episode of The Community Effect, we sit down with Rick Guzman, Executive Director of The Neighbor Project, to explore how rental housing can become a pathway to financial empowerment. The Neighbor Project’s Breakthrough Rental program challenges the idea that renting is a dead end.
- [Episode 12: Reimagining Affordable Housing: Manufactured Homes & New Possibilities](https://www.mmcdc.com/episode-12-reimagining-affordable-housing-manufactured-homes-new-possibilities/) - In this episode of The Community Effect, Marietta Rodriguez, NeighborWorks America President & CEO, talks with Sarah Kackar (NeighborWorks America) and Ramsey Cohen (Clayton) about innovation, inclusive zoning and how partnerships are reshaping housing opportunities for rural communities. Hear More Episodes
- [Episode 11: Rooted in Recovery: 20 Years Since Katrina](https://www.mmcdc.com/episode-11-rooted-in-recovery-20-years-since-katrina/) - In this episode of The Community Effect, we speak with three leaders who helped rebuild the Gulf Coast after Hurricane Katrina: Terri North (Providence Community Housing), Bill Bynum (HOPE Credit Union) and Kathy Laborde (Gulf Coast Housing Partnership). They share what it took to lead through crisis, what has changed since 2005 and how they are
- [U.S. Rep. Michelle Fischbach and State Rep. Jim Joy visit MMCDC](https://www.mmcdc.com/u-s-rep-michelle-fischbach-and-state-rep-jim-joy-visit-mmcdc/) - U.S. Rep. Michelle Fischbach and State Rep. Jim Joy visited MMCDC’s offices July 31 to discuss rural business development, revitalization and affordable housing. MMCDC’s Julia Nelmark and Tim Swenson shared the company’s experience in utilizing the federal New Markets Tax Credit, the Low-income Housing Tax Credit, NeighborWorks America funding, and other programs to support rural
- [MMCDC Announces Board Leadership Change](https://www.mmcdc.com/mmcdc-announces-board-leadership-change/) - New board members were welcomed to MMCDC at its June 19, 2025, annual meeting, held at the Holiday Inn in Detroit Lakes, Minn. Mark Andersen, Scott Moser and Bryan Ramsrud were elected by mailed ballot to replace three board members, who are exiting due to term limits. The three will represent Hubbard County, Red Lake
- [NeighborWorks and Others Support Proposed Townhome Development in Rural Minnesota](https://www.mmcdc.com/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. 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
- [Immediate 2BR opening at Townhomes in Blackduck, MN](https://www.mmcdc.com/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
- [Immediate 3 BR Opening at Summerplace in New York Mills, MN](https://www.mmcdc.com/immediate-openings-at-summerplace-apartments-in-new-york-mills-mn/) - Summerplace has an affordable, three-bedroom apartment available immediately in New York Mills, Minn. Summerplace is an income-restricted, eight-unit building in a quiet neighborhood near a public playground. All utilities except electricity are included in the monthly rent, and renters have access to a garage and a coin-operated laundry. Units are two- and three-bedrooms. Housing vouchers
- [Episode 10: Beyond Housing: Holistic Approaches to Community Transformation & Investment](https://www.mmcdc.com/episode-10-beyond-housing-holistic-approaches-to-community-transformation-investment/) - In this episode of The Community Effect, Marietta Rodriguez talks with Chris Krehmeyer, president and CEO of Beyond Housing.
- [Episode 9: Innovating for Impact: Nonprofit-Corporate Partnerships and Why They Work](https://www.mmcdc.com/episode-9-innovating-for-impact-nonprofit-corporate-partnerships-and-why-they-work/) - "Innovating for Impact" explores how corporate-nonprofit partnerships fuel economic growth and housing equity.
- [Episode 8: A Roof Over Every Head: Expanding Access to Rental Housing](https://www.mmcdc.com/episode-8-a-roof-over-every-head-expanding-access-to-rental-housing/) - Hear about the challenges and solutions shaping the future of rental housing.
- [Episode 7: Building Community and Opportunity: A Conversation with Darryl Smith](https://www.mmcdc.com/episode-7-building-community-and-opportunity-a-conversation-with-darryl-smith/) - Explore Darryl Smith's, CEO of HomeSight, unique journey and the creative ways HomeSight is breaking down barriers to homeownership.
- [Episode 6: The Future Now: Forecasting Strategies for Community Building and Affordable Housing in 2025 and Beyond (Part 2)](https://www.mmcdc.com/episode-6-the-future-now-forecasting-strategies-for-community-building-and-affordable-housing-in-2025-and-beyond-part-2/) - From social housing to modular construction and shared equity, the episode explores what’s next for housing and community development in 2025 and beyond.
- [Episode 5: The Future Now: Forecasting Strategies for Community Building and Affordable Housing in 2025 and Beyond (Part 1)](https://www.mmcdc.com/episode-5-the-future-now-forecasting-strategies-for-community-building-and-affordable-housing-in-2025-and-beyond-part-1/) - Explore the trends and challenges shaping the future of housing and community development.
- [Senior Living Apartments Available in Menahga, Minn.](https://www.mmcdc.com/senior-living-apartments-available-near-park-rapids-and-wadena/) - Pine Villa offers 1-bedroom apartments plus a community room and a park-like setting within easy driving distance of Park Rapids and Wadena. Updated in 2017, most units feature walk-in showers and newer appliances and floor coverings. Each unit has air conditioning, and there is ample on-site parking. Pine Villa offers affordable, independent living and is
- [Hancock (MN) Terrace: Affordable Rent, No Income Limits, Great Neighborhood](https://www.mmcdc.com/hancock-mn-terrace-affordable-rent-no-income-limits-great-neighborhood/) - Hancock Terrace is a well-kept apartment located on a tree-lined street in a quiet, residential neighborhood. Most of the apartments are two-bedroom units, and garages are available. Features include dishwashers, air conditioning, an on-site laundry room, and balconies on the upper floors. Heating cost is included in the monthly rent. The city of Hancock, Minn.,
- [MMCDC President Testifies before Senate Finance Committee on Federal Tax Credit Benefits](https://www.mmcdc.com/mmcdc-president-testifies-before-senate-finance-committee-on-federal-tax-credit-benefits/) - MMCDC President Julia Nelmark testified before the Senate Finance Committee on Tuesday, July 30, in Washington, D.C. Read all about it in a press release from the New Markets Tax Credit Coalition, published by accesswire.com: Impact of New Markets Tax Credit Program Highlighted During Senate Finance Committee Hearing (accesswire.com) The New Markets Tax Credit is
- [What Issues Do Early-Stage Businesses Face?](https://www.mmcdc.com/what-issues-do-early-stage-businesses-face/) - ((MMCDC frequently refers businesses to the Minnesota Small Business Development Centers for technical assistance and, in 2024, sponsored the West Central SBDC’s new hybrid class, FastTrac. We asked our local WCSBDC director what challenges early-stage businesses face and how SBDC helps. This is the first in a Q&A series.) By Ian Carlstrom, Regional Director of
- [Thief River Falls, MN, Home $299,000](https://www.mmcdc.com/thief-river-falls-mn-home-for-sale/) - 2018 Nelson Drive This two-bedroom, two-bath home offers 1,164 square feet of single-level living, including no-step entries, in the new Greenwood Neighborhood. The Greenwood subdivision features a paved, off-street walking trail to the front and a dedicated city green space to the rear. The 60-by-125-square-foot lot is served by street, utility and other city services.
- [New on the Market: 2008 Nelson Dr., Thief River Falls, MN](https://www.mmcdc.com/new-on-the-housing-market-2008-nelson-dr-thief-river-falls-mn/) - $320,000 This three-bedroom, two-bath home offers 2,160 square feet, with a finished basement and two-stall garage, located in the new Greenwood Neighborhood. The Greenwood subdivision features a paved, off-street walking trail to the front and a dedicated city green space to the rear. The 60-by-125-square-foot lot is served by street, utility and other city services.
- [MMCDC Holds 2024 Annual Meeting](https://www.mmcdc.com/mmcdc-holds-2024-annual-meeting/) - MMCDC Board Chair Gary Thibert leads the 2024 Annual Meeting.
- [FastTrac Small Business Ownership Class Starts April 5 in DL, MN - REGISTRATION CLOSED](https://www.mmcdc.com/fasttrac-small-business-ownership-class-starts-april-5-in-dl-mn/) - The Kauffman FastTrac class is an intensive, hybrid educational opportunity for future and early stage entrepreneurs. The 11-session class is hosted by the West Central Small Business Development Center (WC MN SBDC) and led by their qualified trainers. Ideal participants are people who are planning to start a business or whose business has been operational
- [Creating a Portal to Homeownership](https://www.mmcdc.com/creating-a-portal-to-homeownership/) - MMCDC’s Mortgage Lending Department is making progress toward deploying $100 million in down payment assistance for first-generation homebuyers. With a target goal of opening for applications in early 2024, MMCDC staff are working with Minnesota Housing on getting a program guide, work plan, budget, and contract approved. Because this is a pilot state-wide first-generation down
- [New Rental and Financial Wellness Counseling Partnership](https://www.mmcdc.com/new-rental-and-financial-wellness-counseling-partnership/) - Beginning September 2023, White Earth Investment Initiative’s Community Development Services began offering free rental and financial wellness counseling to current tenants residing in properties managed by MMCDC. The sessions can benefit anybody, whether they’re currently renting, looking to rent, or looking buy a house, because it’s never too early to prepare for taking the next
- [Area Groups Discuss Potential Collaborative Projects](https://www.mmcdc.com/area-groups-discuss-potential-collaborative-projects/) - On Thursday, October 12th, 2023, several MMCDC and White Earth Investment Initiative staff members participated in a productive tour of each of the White Earth villages to better understand the needs of the reservation and discuss potential collaborations with other area groups. The tour brought together White Earth Tribal Council Members Mike LaRoque and Eugene
- [Wadena Model Home for Sale -- SOLD](https://www.mmcdc.com/wadena-model-home-for-sale/) - This newly constructed home is situated in a quiet and gorgeous new development, conveniently located next to a nature park area. When you enter the home you will notice the custom hickory cabinets and the open kitchen and living spaces. Relax in the spacious yard and listen for the Whisper of the Pines. Call Heather,
- [“First-Generation Homebuyers Down Payment Assistance Fund” Pilot Program Signed Into Law](https://www.mmcdc.com/first-generation-homebuyers-down-payment-assistance-fund-pilot-program-signed-into-law/) - The Minnesota House and Senate passed the “First-Generation Homebuyers Down Payment Assistance Fund” program, which was included in the final version of the omnibus housing finance bill (HF 2335).
- [DEED Announces the Automation Loan Participation Program   ](https://www.mmcdc.com/deed-announces-the-automation-loanparticipation-program/) - Information below is being shared from a Nov. 29, 2022, DEED newsletter. The Minnesota Department of Employment and Economic Development (DEED) launched the Automation Loan Participation Program this week as part of the recently announced $97 million through the State Small Business Credit Initiative (SSBCI). This program provides companion loans from DEED to cover financing
- [DEED Launches Growth Loan Fund to Provide Funding for Early Stage Businesses](https://www.mmcdc.com/deed-launches-growth-loan-fund-to-provide-funding-for-early-stage-businesses/) - This information is shared from a Nov. 1, 2022, DEED newsletter. The Minnesota Department of Employment and Economic Development (DEED) launched the Growth Loan Fund today as part of the recently announced $97 million through the State Small Business Credit Initiative (SSBCI). This program provides direct loans from DEED to technologically innovative seed- and early-stage businesses. The
- [In Remembrance](https://www.mmcdc.com/in-remembrance/) - We are saddened to learn of the passing of our board member, Lorna LaGue. Lorna was elected in 2016 to MMCDC’s Board of Directors as a representative of Mahnomen County. She has been an active director, and chaired two of our committees and served on others. She helped select a new President--a task of many
- [HomeHelpMN Funds Available Until Exhausted](https://www.mmcdc.com/homehelpmn-covid-19-homeowner-assistance-fund-offered-by-mn-housing/) - If you are behind on your mortgage or other related bills, or are worried about foreclosure due to the pandemic, HomeHelpMN from Minnesota Housing may be able to help. Visit HomeHelpMN.org or call 1-800-388-3226 to see if you qualify for financial assistance. Program Handout Get Ready Checklist
- [HOMe Offers Help to Homebuyers](https://www.mmcdc.com/home-ii-offers-help-to-homebuyers/) - The Home Ownership for Me Down-payment Loan program is available in Becker County. This second-mortgage loan is available to qualified buyers for purchase of a home as their primary residence. There are no monthly payments and no interest on the loan, but it must be repaid when the home is sold or at the maturity
- [Do You Need Help Paying Rent in Becker County?](https://www.mmcdc.com/do-you-need-help-paying-rent-in-becker-county/) - The waiting list is open for the Becker County Housing Choice Voucher Program. The program offers rental assistance to qualifying households residing in areas of Becker County located outside of the Detroit Lakes city limits. This rental assistance program is funded by the U.S. Housing and Urban Development office (HUD); households must meet income guidelines.
- [SBA Loan Forgiveness Portal Available Aug. 4 for Many PPP Borrowers](https://www.mmcdc.com/sba-loan-forgiveness-portal-available-aug-4-for-many-ppp-borrowers/) - Beginning Wednesday, Aug. 4, the U.S. Small Business Administration (SBA) is launching an application portal to allow borrowers with Paycheck Protection Program loans of $150,000 or less to apply for loan forgiveness directly through the SBA, according to a press release. PPP Loan Forgiveness MMCDC is among the lenders that has opted to allow its borrowers to
- [MMCDC Celebrates Golden Anniversary](https://www.mmcdc.com/mmcdc-celebrates-golden-anniversary/) - A pandemic made the 50th year of Midwest Minnesota Community Development Corporation a memorable one, necessitating service in unprecedented ways. At the 2021 annual meeting, MMCDC President Julia Nelmark noted swift action by the staff and board to allow clients to weather negative impacts without potential loss of home or business. This included: Modifying $14.5
- [NeighborWorks Reports On Improving Healthy Childhood Outcomes](https://www.mmcdc.com/neighborworks-reports-on-improving-healthy-childhood-outcomes/) - Where children live, learn and play have a significant impact on their health and development. It's why improving neighborhood conditions is a critical strategy for improving child well-being. Read a new report from NeighborWorks America and the Center for the Study of Social Policy to learn how organizations and leaders in community development and early
- [SBA Launches Ascent Website for Women Entrepreneurs](https://www.mmcdc.com/sba-launches-ascent-website-for-women-entrepreneurs/) - The Small Business Administration recently announced its new free learning platform for women entrepreneurs, Ascent. Go to our Women in Business page to view resources for women in business, including a link to the Ascent website. The platform is designed for women who are beyond the start-up phase of their business and are seeking future
- [MMCDC to deploy round of federal New Markets Tax Credits in Upper Midwest](https://www.mmcdc.com/mmcdc-to-deploy-round-of-federal-new-markets-tax-credits-in-upper-midwest/) - Detroit Lakes, Minn.--Midwest Minnesota Community Development Corporation is poised to deploy $60 million in targeted investment in four states after finalizing its most recent federal New Markets Tax Credit allocation agreement. These projects have the power to change lives. This is why the tax credit typically garners bipartisan support, and we applaud our elected officials
- [Waiting list now open for Public Housing in Becker Co.](https://www.mmcdc.com/waiting-list-now-open-for-public-housing-in-becker-co/) - Looking for decent, low-cost housing with room for your family? Are you in need of a yard and a garage? Take advantage of this opportunity and join the waiting list for Becker County Public Housing. MMCDC, which administers the program on behalf of Becker County, is taking rental applications for the 25 single-family homes scattered
- [MANNA Food Co-op is on the Move](https://www.mmcdc.com/manna-food-co-op-is-on-the-move/) - MANNA Food Co-op has surpassed its phase one capital campaign goal for a planned expansion and has signed a lease at its new storefront. Financing and technical assistance from MMCDC helped the co-op to open in 2018 at its current Detroit Lakes, Minn., location. When a larger space became available downtown, MANNA saw an opportunity
- [Apartments for rent in Menahga](https://www.mmcdc.com/apartments-for-rent-in-menahga/) - Welcome home to Menahga, a small, lakeside community in Northern Minnesota. Whether you are a senior citizen or a young family, we have an affordable apartment for you. Pine Villa Apartments features a park-like setting and secure entry with walk-in showers, A/C and a community room for socializing with other elderly or disabled adults. Meadow
- [Remembering an MMCDC Founder and WWII Veteran](https://www.mmcdc.com/remembering-an-mmcdc-founder-and-wwii-veteran/) - MMCDC Note: Roy Jorgenson helped found MMCDC during his service as Director of Inter-County Community Council of Oklee, Minn., from 1966-1984. Prior to that, he served his country in World War II. He passed away this spring just short of his 100th birthday. His life is honored in this video, produced as a joint project
- [Take this free online business course designed for women](https://www.mmcdc.com/free-online-business-course-designed-for-women/) - Women who would like to start or expand a business but don’t know where to begin can look to the DreamBuilder program. And it’s free of charge. The online business education program was created and funded by the Freeport-McMoRan Foundation with women in mind and is available through MMCDC's Commercial Lending page. Participants receive a
- [MMCDC-financed Project Celebrated in Park Rapids](https://www.mmcdc.com/mmcdc-financed-project-celebrated-in-park-rapids/) - The Armory Arts and Event Center in Park Rapids held a celebration on Memorial Day. Read all about their big day in the Park Rapids Enterprise. Read our congratulatory remarks below. Midwest Minnesota Community Development Corporation congratulates the many individuals and organizations responsible for re-imagining the former Armory building as an arts and events center.
- [MMCDC Earns Top 10 listing with USDA Rural Housing](https://www.mmcdc.com/mmcdc-earns-top-10-listing-with-usda-rural-housing/) - Our Home Loan Division again ranked among Minnesota’s top 10 providers of USDA Guaranteed home loans, which provide 100 percent financing and expanded qualifying ratios to low- to moderate-income homebuyers in rural areas. “Minnesota has been a top producer for the program, with excellent delinquency rates well below the national average,” stated a news release
- ['Lending Where It Counts'](https://www.mmcdc.com/lending-where-it-counts/) - Video used with permission of the Opportunity Finance Network MMCDC is a member of the Opportunity Finance Network, which has published a video showcasing the work of groups like us from around the country. From Rural Minnesota to core urban areas, Community Development Financial Institutions are Lending Where It Counts.
- [MMCDC finances broadband access in rural areas](https://www.mmcdc.com/mmcdc-finances-broadband-access-in-rural-areas/) - This capability is a life-changer for people in remote, rural communities. -- MMCDC President Julia Nelmark by Susan Fitter Harris, reprinted with permission of Rural LISC Most Americans take high-speed internet access for granted. It’s there when we need it. We use terrestrial (wired) broadband when we’re working at our desks and when we stream
- [North Minneapolis project breaks ground](https://www.mmcdc.com/north-minneapolis-project-breaks-ground-with-help-of-mmcdc-financing/) - Printed with permission of the Capri The Capri renovation and expansion has been supported by hundreds of individuals and organizations, including the City of Minneapolis, Hennepin County, the State of Minnesota Department of Economic Development, Midwest Minnesota Community Development Corporation, Sunrise Banks and US Bank. After nearly 10 years in the making, construction on the
- [Prairie Business magazine features MMCDC housing](https://www.mmcdc.com/prairie-business-magazine-features-mmcdc-housing/) - The following is reprinted with permission of Prairie Business magazine, Grand Forks, ND. MMCDC is the founding member of the coop. By Tom Dennis on Apr 3, 2018 at 11:56 a.m. Editor’s note: Jeff Fagerstrom is director of the Northwest Minnesota Housing Cooperative in Thief River Falls, Minn. In partnership with government and nonprofit agencies,
- [MMCDC receives federal New Markets Tax Credit allocation](https://www.mmcdc.com/mmcdc-receives-federal-new-markets-tax-credit-allocation/) - The Community Development Financial Institutions Fund has announced an allocation award of $70 million in federal tax credits to Midwest Minnesota Community Development Corporation (MMCDC). This is one of the most powerful community development tools in the country. -- MMCDC President Julia Nelmark As a prior allocatee, MMCDC has financed health care centers in medically
- [Celebrating 25 years of the CDFI Fund](https://www.mmcdc.com/celebrating-25-years-of-the-cdfi-fund/) - Improving community facilities. Creating affordable housing. Growing small businesses. These are the hopes of every Community Development Financial Institution (CDFI), including those of us in Minnesota. Click on the link below to see what Minnesota’s CDFIs have accomplished using funds from the U.S. Department of the Treasury. Minnesota
- [MMCDC celebrates 48th Anniversary](https://www.mmcdc.com/mmcdc-celebrates-48th-anniversary/) - Workforce housing. Downtown revitalization. Recruitment of business and industry. These are the top community development needs identified by MMCDC’s members, according to survey results announced at the annual meeting, held Thursday, June 20, at the Shooting Star Casino, Hotel and Entertainment center. The survey was taken as part of MMCDC’s strategic planning process for 2020-2025.
- [MMCDC a Top 10 Producer for USDA Rural Housing Loans](https://www.mmcdc.com/mmcdc-a-top-10-producer-for-usda-rural-housing-loans/) - Reprinted with the permission of USDA Rural Development State Director for Minnesota Brad Finstad today highlighted the partnerships that aid in the United States Department of Agriculture’s (USDA) ongoing efforts to assist individuals and families purchase affordable housing in rural communities. “Partnerships allow for expanded opportunities and are necessary in order to achieve prosperity,
- [MMCDC receives $532,500 from NeighborWorks](https://www.mmcdc.com/mmcdc-receives-532500-from-neighborworks/) - Midwest Minnesota Community Development Corporation, a member of the NeighborWorks network, is receiving $532,500 in flexible grants from the Neighborhood Reinvestment Corporation, dba NeighborWorks America. This grant will support its affordable housing and community development activities. “The availability of affordable housing – housing that a family can fit in their budget – is one
- [DL Housing Team kicks off new down-payment program](https://www.mmcdc.com/dl-housing-team-kicks-off-new-down-payment-program/) - Authored by Laura Proescholdt, Minnesota Housing Partnership, and reprinted with permission MMCDC Note: This story has been updated to correct the maximum loan amount to $8,000. Say you work at a school in Becker County, Minnesota. A single parent, there’s nothing you’d love more than to own a home and provide a stable place for
- [Home warranties help homeowners safeguard against the unexpected](https://www.mmcdc.com/home-warranties-help-homeowners-safeguard-against-the-unexpected/) - By Marietta Rodriguez, President & CEO, NeighborWorks America Posted with permission of NeighborWorks America. For more information, visit www.nw.org. Homeownership remains a strong aspiration for many people and remains a primary mode for wealth building for most Americans. Among the many decisions homebuyers have to make is if purchasing a home warranty makes financial sense.
- [Border State, Minnesota National, Community Development and United Community Banks Top Partner List](https://www.mmcdc.com/border-state-minnesota-national-community-development-and-united-community-banks-top-partner-list/) - Midwest Minnesota Community Development Corporation has announced its Top Lender Partners for 2018. These lenders have helped provide more home mortgage loans to date in 2018 than most of MMCDC’s 54 partners throughout Minnesota: Border State Bank Minnesota National Bank Community Development Bank United Community Bank “We enjoy working with the lenders from all of
- [MMCDC and WEII awarded $1.15 million](https://www.mmcdc.com/mmcdc-and-weii-awarded-1-15-million/) - Midwest Minnesota Community Development Corporation has received a $600,000 federal grant award to support community economic development in South Dakota. “Our award will support smaller organizations that foster affordable housing, small business sustainability and quality facilities for health care, education and more,” MMCDC President Julia Nelmark said. The White Earth Investment Initiative, an MMCDC subsidiary,
- [Northwest Area Foundation's Video Shows Why Investors Bank on Native CDFIs](https://www.mmcdc.com/northwest-area-foundations-video-shows-why-investors-bank-on-native-cdfis/) - MMCDC's subsidiary, White Earth Investment Initiative, is a Native CDFI. Video shared with permission.
- [US Treasury office video features MMCDC project financing](https://www.mmcdc.com/us-treasury-office-video-features-mmcdc-financing/) - The Office of the Comptroller of the Currency is highlighting the transformation of the historic Ford Motor plant in Minneapolis in its new video. MMCDC provided $9.5 million in financing utilizing the federal New Markets Tax Credit. Hear MMCDC's Julia Nelmark and others describe this major Minnesota redevelopment project as part of the video below.
- [30 Recommendations for Affordable Housing in Minnesota](https://www.mmcdc.com/30-recommendations-for-affordable-housing-in-minnesota/) - (Edited for length and reprinted with permission) More than 554,000 Minnesota households struggle to afford quality housing, a 58 percent increase since 2000 Governor Mark Dayton and members of the Governor’s Task Force on Housing have released its final report, recommending 30 action steps aimed at improving access to quality, affordable housing for Minnesotans and
- [Frazee welcomes new homeowner](https://www.mmcdc.com/frazee-welcomes-new-homeowner/) - Having outgrown her starter home, Shelly Kading needed something larger at an affordable price. She soon heard about MMCDC and its unique development in Frazee, Minn. She purchased her new home just in time for Christmas. “The layout of the house worked out perfectly,” she said. Frustrated by increasing housing development costs, MMCDC worked with
- [Staff Member Earns Certificate](https://www.mmcdc.com/2383-2/) - MMCDC’s Sarah Castro has earned a professional certificate in nonprofit management from the University of California-Riverside University Extension and Regional Access Project Foundation. The classes provided a summary of the governance, financial, and legal aspects of nonprofit administration.
- [MMCDC provides gap financing for storm shelter and community room](https://www.mmcdc.com/mmcdc-provides-gap-financing-for-storm-shelter-and-community-room/) - Reprinted with permission from Northcountry Cooperative Foundation. MMCDC is one of several funders. Fridley, MN | Many homeowners dream of kitchen renovations and double-stall garages, but for the homeowners in Park Plaza Cooperative, one of the biggest dreams has been having a safe place to go in times of severe weather. In fact, Park Plaza
- [What are MMCDC's Core Values?](https://www.mmcdc.com/what-are-mmcdcs-core-values/) - MMCDC President Kevin Shipley shared the company’s Core Values with the membership at the company’s June 21, 2018, Annual Meeting. These five Core Values have been adopted by the board after discussion among members of the staff, who arrived at the values and meanings listed below. Teamwork/Partnership The Board, Staff, Lending Partners and Customers will
- [NeighborWorks: 40 Years of Helping Communities Succeed](https://www.mmcdc.com/neighborworks-40-years-of-helping-communities/) - When people work together for a shared goal, great things happen. That ideal is at the center of NeighborWorks Week, a nationwide celebration of the good that comes out of neighbors working and playing together. MMCDC and the entire national NeighborWorks network are committed to bringing about positive change by improving lives and strengthening communities.
- [Advocating for state New Markets Tax Credits](https://www.mmcdc.com/advocating-for-state-new-markets-tax-credits/) - MMCDC's New Markets Tax Credit Financing Director was a featured panelist at a Novogradac conference in San Diego, California, Jan. 25-26. Hear all about advocating for a state credit in this brief interview with Julia Nelmark. MMCDC is a prior multi-year awardee under the federal New Markets Tax Credit program. Learn more about our staff
- [MMCDC produces videos on salvation of historic hotel](https://www.mmcdc.com/mmcdc-produces-videos-honoring-salvation-of-historic-hotel/) - From glory days to dilapidation and back again, the 100-year history of a Minnesota landmark is now available on two videos. The Graystone Hotel in Detroit Lakes, which helped foster the growth of outstate Minnesota tourism, turned 100 years old in 2017. A celebration of the hotel’s history and restoration was held Sept. 21, 2017,
- ["I celebrated holidays in a trailer. Don't put it down, it was home."](https://www.mmcdc.com/i-celebrated-holidays-in-a-trailer-dont-put-it-down-it-was-home/) - In this opinion piece published Nov. 23 in USA Today, fellow community developer Suzanne Anarde shared a real-world view on "trailers," aka mobile or manufactured homes. The following is excerpted from that column. Mobile homes could help solve the affordable housing crisis and help people recover from disasters. They should not be synonymous with slurs. The
- [MMCDC affiliate helps sponsor banquet](https://www.mmcdc.com/mmcdc-affiliate-helps-sponsor-banquet/) - The Minnesota American Indian Chamber of Commerce is celebrating its 30th anniversary! A special banquet is being held Dec. 1 at Mystic Lake Casino. MMCDC's affiliate, the White Earth Investment Initiative, is one of many event sponsors. Register and support the work of this important group.
- [NeighborWorks recognizes MMCDC project](https://www.mmcdc.com/neighborworks-recognizes-mmcdc-project/) - NeighborWorks America is devoting its monthly newsletter to community development in Native American communities. The newsletter features a story on the expansion of the White Earth Tribal and Community College, which utilized financing from MMCDC as well as its affiliates, Community Development Bank and White Earth Investment Initiative. Read the newsletter here.
- [Two Thumbs Up!](https://www.mmcdc.com/two-thumbs-up/) - Customers reviews were positive for MMCDC's Home Loan Division in the most recent quarter: It was a very easy process, and we are happy with the service we received Friendly and prompt Everything went smoothly and closed on time from the date that was estimated Everyone we worked with was wonderful, responsive, and had a great
- [International Market Plaza opens](https://www.mmcdc.com/international-market-plaza-opens/) - A dream became reality in 2017, when the International Market Plaza opened in Fargo, ND. With encouragement from MMCDC, the staff and board of directors at the Immigrant Development Center (IDC) of Fargo-Moorhead worked for years toward the opening of a market similar to those in their home countries. In their collective mind’s eye, they
- [MMCDC highlights 100th Anniversary of Graystone Hotel](https://www.mmcdc.com/mmcdc-highlights-100th-anniversary-of-graystone-hotel-at-annual-meeting/) - MMCDC members and guests enjoyed a presentation on the historic renovation of the Graystone Hotel and entertainment by the Heart O’ Lakes Harmony group at the annual meeting Thursday, June 15, at the Detroit Lakes Community and Cultural Center. The Hotel opened in 1917 in Detroit Lakes, MN, and was purchased by MMCDC in 1998.
- [NeighborWorks in the Neighborhood](https://www.mmcdc.com/neighborworks-in-the-neighborhood/) - Every day, the dedicated members and partners of MMCDC work with residents to improve neighborhoods and the lives of people in the communities we serve. This work, along with that of many similar organizations, is celebrated during national NeighborWorks Week, June 3-10, 2017.
- [Homebuyer education makes buying a home easier](https://www.mmcdc.com/homebuyer-education-makes-buying-a-home-easier-to-understand/) - Buying a home isn’t easy, but an in-person class featuring a trained educator, high-quality curriculum, and housing professionals from the community sure helps! Attend one of two free homebuyer education classes offered by our affiliate, White Earth Investment Initiative. Register online by clicking the link below. Monday and Tuesday, May 29-30, Frazee High School, 305
- ['Skinny' budget targets Community Development Financial Institutions](https://www.mmcdc.com/skinny-budget-targets-community-development-financial-institutions/) - The CDFI Coalition, a broad group of more than one-hundred community development lenders and investors serving America's low-income communities, expressed concern in a Feb. 28 press release about the soon to be released "skinny" budget from President Trump. The New York Times reported that the President's plans would "all but eliminate" the Community Development Financial Institutions
- [Homebuyer Education Opportunities are Blooming](https://www.mmcdc.com/homebuyer-education-opportunities-are-blooming/) - Summer will come--eventually--bringing opportunities to attend Open Houses at available homes in the community. Prepare now for all the decisions of homeownership! Attend one of two free homebuyer education classes offered in partnership with our affiliate, White Earth Investment Initiative, in February. Register online by clicking the links below. *Tuesday and Wednesday, Feb. 14-15, Fergus
- [Framework celebrates 100,000th homebuyer!](https://www.mmcdc.com/framework-celebrates-100000th-homebuyer/) - As of Jan. 4, 2017, more than 100,000 homebuyers have completed Framework, an online homebuyer education program. Find out more about this successful group of homebuyers, or better yet, start down the path toward homeownership by accessing the Framework course website here. The Framework program is newly updated, making it easier to use than ever
- [Friends of Tamarac honored](https://www.mmcdc.com/friends-of-tamarac-honored/) - The Friends of Tamarac, a nonprofit associated with the Tamarac Wildlife Refuge, received The Molly Krival Friends Group of the Year Award for 2016. The National Wildlife Refuge Association recognized the volunteer group, which raised the necessary funds and constructed a new education facility at the refuge. The Discovery Center is located northeast of MMCDC’s
- [Loan officer featured in Finance & Commerce online](https://www.mmcdc.com/loan-officer-featured-in-finance-commerce-online/) - Audra Tonihka, loan officer at the White Earth Investment Initiative, was recognized Nov. 17 at Minnesota’s Top Women in Finance awards celebration. The awards are bestowed annually by Finance & Commerce magazine, which held this year’s event at the Hyatt Regency, Minneapolis. An interview with Audra is included in the online magazine. White Earth Investment
- [Happy 45th, MEDA!](https://www.mmcdc.com/happy-45th-meda/) - The Metropolitan Economic Development Association (MEDA) will celebrate its 45th anniversary as part of its MEDA Gala, 6 p.m. Saturday, Nov. 19, at The Depot, 225 S. 3rd Ave., Minneapolis, Minn. MEDA is a nonprofit provider of services to minority entrepreneurs. MMCDC’s affiliate, the White Earth Investment Initiative, is among those organizations helping to sponsor the event.
- [Congratulations, Armory Square Management Corporation!](https://www.mmcdc.com/congratulations-armory-square-management-corporation/) - Revitalization of a vacant downtown landmark in Park Rapids, Minn., is being recognized with a Quality of Place Award by the Northwest Minnesota Foundation, Bemidji, Minn. The project transformed the former National Guard Armory into Armory Square, an arts and cultural center. MMCDC provided financing and other assistance for the project. A complete story is
- [Congress extends financing program that supported expansion for MMCDC borrower](https://www.mmcdc.com/u-s-official-applauds-use-of-federal-program-congress-extends-credits/) - Seward Cooperative, an MMCDC borrower, was honored this summer with a visit from U.S. Treasury Secretary Jacob Lew. Highlights of the visit were captured in an announcement by the New Markets Tax Credit Coalition and posted to its webpage. Secretary Lew lauded the Seward expansion as a good use of the federal New Markets Tax Credit (NMTC) program.
- [Thank you to Federal Home Loan Bank of Des Moines and NeighborWorks America](https://www.mmcdc.com/thank-you-to-federal-home-loan-bank-of-des-moines-and-neighborworks-america/) - Walk-in showers, new flooring and appliance updates are under way at Pine Villa Estates, an MMCDC-owned 30-unit building in Wadena County. Upgrades are made possible by funding from NeighborWorks America and the Federal Home Loan Bank of Des Moines. Pine Villa is specifically set aside for seniors and disabled adults and has an elevator, community
- [MMCDC Celebrates 45th Anniversary](https://www.mmcdc.com/mmcdc-celebrates-45th-anniversary/) - MMCDC held its annual meeting Thursday, June 16, at the Historic Holmes Theatre in Detroit Lakes, MN. The evening highlighted the work of an MMCDC subsidiary, White Earth Investment Initiative (WEII), a nonprofit community development company headquartered on the White Earth Indian Reservation in northern Minnesota. The agenda included a video highlight - courtesy of the Minnesota
- [Family spends warm and cozy winter in remodeled home](https://www.mmcdc.com/famiily-spends-warm-winter-in-remodeled-home/) - Wide, wooden doorways drew Melissa Price to her historic Perham home, but she soon realized other aspects needed modernizing. She and husband Nick planned to replace the old lathe-and-plaster walls with insulation and sheetrock, but ran into barriers with building code issues. More extensive work was needed, and they approached their community bank for a
- [Congratulations to Rural LISC!](https://www.mmcdc.com/congrats-rural-lisc/) - Longtime MMCDC partner Rural LISC is being recognized as a 2016 Housing Visionary Award Recipient by the National Housing Conference. The award honors individuals and organizations for their effort to support the availability of affordable housing in the United States. Rural LISC is a provider of training, technical assistance, financing and other contributions to its network of approximately 70 rural

## Pages

- [Home](https://www.mmcdc.com/) - Capital. Innovation. Success. For more than 50 years, MMCDC has been providing capital resources and innovative ideas to assist in successful community development throughout Minnesota as well as North Dakota, South Dakota and Wyoming. We provide flexible, responsible financing to businesses, individuals and communities; we develop and manage real estate for affordable housing and other
- [Commercial Lending](https://www.mmcdc.com/commercial-lending/) - MMCDC is a nonprofit lender that provides loans to businesses that aim to improve their communities through job creation and financial opportunities.
- [Small Dollar Loan Fund](https://www.mmcdc.com/commercial-lending/small-dollar-loan-fund/) - The MMCDC Small Dollar Loan Fund fosters the growth of businesses whose owners have limited financial resources, and it promotes economic development in areas demonstrating a need for reinvestment. These small loans feature lower dollar amounts than our other loan products, but also feature lower interest rates, lower fees, and longer terms. Eligibility And Terms
- [About Us](https://www.mmcdc.com/about-us/) - MMCDC is a leading private nonprofit company providing housing, business and community development services throughout Minnesota and the Midwest.
- [Frequently Asked Questions](https://www.mmcdc.com/frequently-asked-questions/) - Explore answers to frequently asked questions about or related to MMCDC.
- [Leadership & Staff](https://www.mmcdc.com/leadership-staff/) - View the MMCDC Leadership and Staff.
- [Whispering Pines, Wadena, Minn.](https://www.mmcdc.com/housing/housing-development/wadena-housing-development/) - With its mature trees and location near major employers, the Whispering Pines neighborhood offers the feel of country living inside the city limits. Nearby is a pick-your-passion parks-and-trails system that welcomes cross-country skiers, bikers, horseback riders, hikers and fishermen. Year-round athletic opportunities await at the nearby golf course, hockey arena, and athletic fields. Known for
- [Blackduck Model Homes For Sale](https://www.mmcdc.com/housing/housing-development/blackduck-model-homes-for-sale/) - We have two new homes for sale in this small community in Minnesota’s scenic lake country.
- [Home Improvement Loans](https://www.mmcdc.com/home-improvement-loans/) - Your home is your biggest investment. Our home improvement financing option can help update and improve your home. Whether an essential improvement or cosmetic fix, a small weekend project or a large renovation, we can help make your vision a reality. Secured by Mortgage Maximum repayment term: 20 years No prepayment penalty Maximum Debt To
- [Thief River Falls Single Family Housing Projects](https://www.mmcdc.com/housing/housing-development/thief-river-falls-single-family-housing-project/) - Challenger Elementary Subdivision in Thief River Falls offers homebuyers an economical way to build a new home.
- [Healthy Food Business Loans](https://www.mmcdc.com/commercial-lending/healthy-food-business-loans/) - Give your grocery store, butcher shop or other business that sells, produces or distributes fresh or healthy food a boost with a loan from MMCDC.
- [New Markets Tax Credit Financing](https://www.mmcdc.com/commercial-lending/new-markets-tax-credit-financing/) - NMTCs make difficult-to-finance projects viable through lower interest rates, partial debt forgiveness, higher loan-to-value ratios and more.
- [Home Ownership for Me](https://www.mmcdc.com/homeownership-for-me/) - Local governments, employers and nonprofits are working together to offer Home Ownership for Me Down-payment Loans* in Becker County, Minnesota. This second-mortgage loan is available to qualified buyers for purchase of a home. There are no monthly payments and no interest on the loan, but it must be repaid when the home is sold or
- [Application Process](https://www.mmcdc.com/housing/affordable-rental-housing/application-process/) - Download or complete applications for our rental opportunities.
- [Becker County Rental Assistance Programs](https://www.mmcdc.com/housing/affordable-rental-housing/rental-assistance/) - The Housing Choice Voucher Program can help assist low- to moderate-income households with rent payments.
- [Mahnomen Model Home For Sale](https://www.mmcdc.com/housing/housing-development/mahnomen-model-home-for-sale/) - Mahnomen is a picturesque town that offers a serene setting with beautiful natural landscapes and a friendly atmosphere that makes it easy to feel at home. The developments on Garfield Ave are well-planned builds that offer an open floor plan. It's located on the northwest side of Mahnomen, Minnesota. 321 Garfield Ave, Mahnomen, MN 56557 Description:
- [USDA Guaranteed Rural Housing Loans](https://www.mmcdc.com/mortgage-lending/rural-housing-loans/) - USDA Guaranteed Rural Housing Loans through MMCDC provides affordable home financing for moderate-income families who live in rural Minnesota.
- [Affordable Rental Housing](https://www.mmcdc.com/housing/affordable-rental-housing/) - MMCDC offers attractive, well-maintained units that provide a comfortable base for family and community life.
- [Housing Development](https://www.mmcdc.com/housing/housing-development/) - MMCDC is committed to creating housing solutions for first-time homebuyers and others in rural Minnesota, empowering them to purchase affordable new homes that are attractive and well-built.
- [Thief River Falls Model Home For Sale](https://www.mmcdc.com/housing/housing-development/thief-river-falls-single-family-housing-project/thief-river-falls-model-homes-for-sale/) - 2008 Nelson Drive$320,000 This three-bedroom, two-bath home offers 2,160 square feet, with a finished basement and two-stall garage, located in the new Greenwood Neighborhood. The Greenwood subdivision features a paved, off-street walking trail to the front and a dedicated city green space to the rear. The 60-by-125-square-foot lot is served by street, utility and other
- [Online Information Form](https://www.mmcdc.com/commercial-lending/new-markets-tax-credit-financing/online-information-form/) - Tell us about your project to see if a New Market Tax Credit is right for your business.
- [Board Members](https://www.mmcdc.com/board-members/)
- [Application FAQ](https://www.mmcdc.com/housing/affordable-rental-housing/application-faq/) - See answers to frequently asked questions regarding the application process for our rental properties.
- [Contact](https://www.mmcdc.com/contact/) - Email us, call us, or find a map to our office in downtown Detroit Lakes, MN
- [Real Estate](https://www.mmcdc.com/real-estate/) - Whether providing a new apartment, small office or a manufacturing facility, MMCDC has helped communities to improve housing and foster additional business development. We manage the assets of single- and multi-family housing for rental owners and homeownership associations. We occasionally construct multi-family housing, revitalize main street offices, and build business incubators. We manage several commercial
- [Helpful Resources](https://www.mmcdc.com/helpful-resources/) - Online Business EducationThe Small Business Administration offers the Ascent online learning platform. The free program offers information on a variety of subjects of interest to entrepreneurs, including marketing, human resources, financial management and performance, and accessing debt and equity capital. It can be accessed anytime by creating an account or using as a guest. Helpful
- [Completed Projects](https://www.mmcdc.com/completed-projects/) - MMCDC has helped dozens of communities in rural Minnesota become better places to live and work.
- [Community Development Partners](https://www.mmcdc.com/about-us/community-development-partners/) - MMCDC works with key development partners to provide financial and development assistance in order for communities to achieve a better quality of life.
- [Mortgage Lending](https://www.mmcdc.com/mortgage-lending/) - MMCDC's Home Loan Division provides a variety of mortgage, refinance and first-time homebuyer options, as well as financing options for local workforce.
- [Home Loans](https://www.mmcdc.com/mortgage-lending/home-loans/) - MMCDC offers competitive rates and a variety of mortgage options, including: Fixed-rate loans for predictable payments USDA loans with low down-payment options MMCDC Rural Down-payment Loans in Minnesota HOMe down-payment loans in Becker County, Minnesota Forgivable First-Generation Homebuyers Community Down Payment Assistance Fund Prequalification Prequalifying is the first step to homeownership! To make this process easier,
- [729 Lincoln Avenue, Wadena, Model Home](https://www.mmcdc.com/lot-35-model-home/) - This home's walk-out basement makes it easy to enjoy the extra-large lot and neighboring nature park. It has 1,048 square feet of living space, with two finished bedrooms and bathrooms on the main level. Other features include stainless steel appliances, custom hickory cabinets, natural gas furnace and main-level laundry. The basement is ready-to-finish at the
- [Tax Services](https://www.mmcdc.com/additional-services/tax-services/) - MMCDC helps individuals prepare taxes as well as provides them with low-interest loans through the White Earth Investment Initiative.
- [MMCDC Rural Down-payment Loans](https://www.mmcdc.com/mortgage-lending/mmcdc-rural-down-payment/) - MMCDC provides down-payment and closing-cost assistance for the purchase of a home to qualifying borrowers.
- [Homebuyer Education](https://www.mmcdc.com/additional-services/homebuyer-education/) - MMCDC provides homebuyer education and advice through the White Earth Investment Initiative.
- [727 Lincoln Avenue, Wadena, Model Home - SOLD](https://www.mmcdc.com/housing/housing-development/wadena-housing-development/model-home/) - Welcome to your home in the pines! This home features a vaulted ceiling and 1,088 square feet of living space, all nestled on a heavily treed lot. The main level has two finished bedrooms and baths, and the lower level is ready-to-finish when the time is right. Other features include custom hickory cabinets, natural gas
- [Accessibility Statement](https://www.mmcdc.com/accessibility-statement/) - Compliance status We firmly believe that the internet should be available and accessible to anyone and are committed to providing a website that is accessible to the broadest possible audience, regardless of ability. To fulfill this, we aim to adhere as strictly as possible to the World Wide Web Consortium’s (W3C) Web Content Accessibility Guidelines
- [Privacy Policy](https://www.mmcdc.com/privacy-policy/) - First Adopted: April 20, 2023 This Privacy Policy applies to the information and data that Midwest Minnesota Community Development Corporation, 119 Graystone Plaza Suite 100, Detroit Lakes, MN 56501-3034, collects when you use our website. This policy applies to visitors to our website. The purpose of this Privacy Policy is to let you know how
- [Cookie Policy](https://www.mmcdc.com/cookie-policy/) - First Approved: April 20, 2023 Introduction This document will inform you about how and why we use cookies. We will also tell you which cookies we use and some information about third parties which also place cookies on our website. What is a cookie? Cookies are small text files that are stored on your device
- [Detroit Lakes Housing Development](https://www.mmcdc.com/housing/housing-development/detroit-lakes-development/) - Long Bridge Heights is a new, well-planned development that offers many home styles to choose from.
- [Floor Plans](https://www.mmcdc.com/housing/housing-development/floor-plans/) - Through the Northwest Minnesota Housing Cooperative, MMCDC offers housing designs that allow people of all different tastes to find a design right for them.
- [Model Home for Sale](https://www.mmcdc.com/housing/housing-development/detroit-lakes-development/model-home-for-sale/) - Our newest home is a split level with a finished kitchen, dining and living area, full bath and two bedrooms on the main floor. The lower level is ready-to-finish for two additional bedrooms, full bath, family room and laundry area. An attached two-car garage and deck on a beautiful lot complete the package, with a
- [Floor Plans](https://www.mmcdc.com/housing/housing-development/thief-river-falls-single-family-housing-project/floor-plans-2/) - Uptown Front Elevation Options Uptown I Lower Level Floor Plan | Uptown I Main Level Floor Plan Uptown II Floor Plan | Uptown II w/ Attached Garage Downtown Downtown I Lower Level Floor Plan | Downtown I Main Level Floor Plan
- [Property Listings](https://www.mmcdc.com/housing/affordable-rental-housing/property-listings/) - MMCDC offers attractive, well-maintained units that provide a comfortable base for family and community life.
- [New Markets Tax Credit Financing](https://www.mmcdc.com/new-markets-tax-credit-financing/) - MMCDC's track record of successful rural community development has been recognized and rewarded with an allocation of federal New Markets Tax Credits (NMTCs). Allocations are to be used primarily within qualified areas of North Dakota, South Dakota, Wyoming and Minnesota.
- [Additional Services](https://www.mmcdc.com/additional-services/) - MMCDC provides tex services, as well as educational opportunities for homebuyers.
- [Graystone Hotel, Annex and Holmes Block](https://www.mmcdc.com/graystone-hotel-annex-and-holmes-block/) - A celebration of The Graystone Hotel Centennial was held Thursday, Sept. 21, 2017, with a Public Open House, preceded by a time capsule dedication. The day featured building tours, historic displays, a barbershop quartet, speakers and refreshments. The Graystone was built by contractor Augustus Randolph -- also builder of the Detroit Lakes library and pavilion
- [Space For Lease](https://www.mmcdc.com/real-estate/space-for-lease/)
- [Complex Loan Calculator](https://www.mmcdc.com/complex-loan-calculator/)
- [Housing](https://www.mmcdc.com/housing/) - MMCDC provides housing solutions for renters, first-time homebuyers and others in rural Minnesota.

## Properties

- [Maple Avenue Apartments](https://www.mmcdc.com/property/maple-avenue-apartments/)
- [Pine Villa](https://www.mmcdc.com/property/pine-villa/)
- [Mahnomen Single-Family Homes](https://www.mmcdc.com/property/mahnomen-single-family-homes/)
- [Monroe Avenue Apartments](https://www.mmcdc.com/property/monroe-avenue-apartments/)
- [Graystone Annex](https://www.mmcdc.com/property/graystone-annex/)
- [Summerplace](https://www.mmcdc.com/property/summerplace/)
- [Zephyr Estates](https://www.mmcdc.com/property/zephyr-estates/)
- [West River Townhomes](https://www.mmcdc.com/property/west-river-townhomes/)
- [Gardenview Apts](https://www.mmcdc.com/property/gardenview-apts/)
- [Meadow Run](https://www.mmcdc.com/property/meadow-run/)
- [Blackduck Townhomes](https://www.mmcdc.com/property/blackduck-townhomes/)
- [Blackduck Duplex](https://www.mmcdc.com/property/blackduck-duplex/) - The Blackduck Duplex currently has one or more vacancies available.
- [Jefferson Estates](https://www.mmcdc.com/property/jefferson/)
- [Westmoor Apartments](https://www.mmcdc.com/property/westmoor-apartments/)
- [Barbara Avenue](https://www.mmcdc.com/property/barbara-avenue/)
- [Hancock Terrace](https://www.mmcdc.com/property/hancock-terrace/) - Hancock Terrace offers 18 rental housing units in Hancock, Minn.
- [Eleventh Avenue](https://www.mmcdc.com/property/eleventh-avenue/)
- [New York Mills Home](https://www.mmcdc.com/property/new-york-mills-home/)
- [Graystone Hotel](https://www.mmcdc.com/property/graystone-hotel/)
- [Eastside Apartments](https://www.mmcdc.com/property/eastside-apartments/)
- [Public Housing](https://www.mmcdc.com/property/public-housing/)

## Commercial Properties

- [Graystone Hotel - 119 Graystone Plaza, Suite 106](https://www.mmcdc.com/commercial-property/graystone-hotel-119-graystone-plaza-suite-106/)
- [Graystone Annex - 103 Graystone Plaza](https://www.mmcdc.com/commercial-property/graystone-annex-103-graystone-plaza/)
- [Graystone Annex - 105 Graystone Plaza](https://www.mmcdc.com/commercial-property/graystone-annex-105-graystone-plaza/)
- [Graystone Annex - 107 Graystone Plaza](https://www.mmcdc.com/commercial-property/graystone-annex-107-graystone-plaza/)
- [Graystone Hotel - 119 Graystone Plaza, Suite 101](https://www.mmcdc.com/commercial-property/graystone-hotel-119-graystone-plaza-suite-101/)
- [Graystone Hotel - 113 Graystone Plaza](https://www.mmcdc.com/commercial-property/graystone-hotel-113-graystone-plaza/)
- [Graystone Hotel - 119 Graystone Plaza, Suite 111](https://www.mmcdc.com/commercial-property/graystone-hotel-119-graystone-plaza-suite-111/)
- [Graystone Hotel - 119 Graystone Plaza, Suite 200](https://www.mmcdc.com/commercial-property/graystone-hotel-119-graystone-plaza-suite-200/)
- [Graystone Hotel - 117 Graystone Plaza](https://www.mmcdc.com/commercial-property/graystone-hotel-117-graystone-plaza/)
- [Graystone Hotel - 115 Graystone Plaza](https://www.mmcdc.com/commercial-property/graystone-hotel-115-graystone-plaza/)
- [Graystone Hotel - 119 Graystone Plaza, Suite 110](https://www.mmcdc.com/commercial-property/graystone-hotel-119-graystone-plaza-suite-110/)
- [Holmes Block - 712 1/2 Washington Ave.](https://www.mmcdc.com/commercial-property/holmes-block-712-1-2-washington-ave/)
- [Holmes Block - 712 Washington Ave.](https://www.mmcdc.com/commercial-property/holmes-block-712-washington-ave/)
- [Holmes Block - 710 Washington Ave.](https://www.mmcdc.com/commercial-property/holmes-block-710-washington-ave/)
- [Graystone Annex - 109 Graystone Plaza](https://www.mmcdc.com/commercial-property/graystone-annex-109-graystone-plaza/)
- [Graystone Annex - 201 Graystone Plaza](https://www.mmcdc.com/commercial-property/graystone-annex-201-graystone-plaza/)

## Projects

- [Hats Off to the Capri Theater](https://www.mmcdc.com/project/hats-off-to-the-capri-theater/) - MMCDC had the pleasure of financing an expansion of the Capri Theater, a North Minneapolis landmark since its construction in 1927. The expansion included renovation of the 250-seat main auditorium and supporting areas, and added a smaller event and performance hall as well as a Best Buy Tech Center for teens, classrooms and an outdoor
- [City Center Market](https://www.mmcdc.com/project/city-center-market/) - A food cooperative in Cambridge, Minn., is using MMCDC and other financing to expand healthy food options in the community. Beyond securing funding, we partnered with MMCDC because of our shared dedication to community growth. Your team provided exceptional support, making the funding process straightforward and working effectively with other investors. -- John Kenny, City
- [City Food Studio](https://www.mmcdc.com/project/city-food-studio/) - Well-known Twin Cities chef Lachelle Cunningham is carrying on the legacy of City Food Studio with the support of MMCDC financing. “I was connected to MMCDC through Neighborhood Development Center, and as we went through the process, it was an easy and obvious choice. MMCDC staff has been extremely graceful, responsive and supportive,” Chef Lachelle
- [St. Paul City School](https://www.mmcdc.com/project/st-paul-city-school/) - After merging with another charter school in 2019, the St. Paul City School was operating three older buildings. Its leaders wanted a more financially viable model that also fostered stronger relationships between students, staff, family and community. To make it happen, they needed flexible financing, delivered by mission-driven professionals. A $6.72 million loan from MMCDC
- [North Shore Townhomes](https://www.mmcdc.com/project/north-shore-townhomes/) - When Deb Wimmer bought a townhome with her husband, Mitch, she never dreamed of managing the homeowners association. But other residents in the 55-plus community were not interested, and she was supported by a reliable nonprofit that provided lawn care, snow removal, and more. Just three months after she became the North Shore Townhomes Association
- [Turtle Mountain Recovery Center (TMRC)](https://www.mmcdc.com/project/cultural-recovery/) - TMRC is a culturally responsive recovery center for people seeking safe and substance-free living. It focuses on healing through honoring tribal teachings and traditions. MMCDC provided $9.6 million as part of a larger financing package to construct two eight-bed residential treatment wings, counseling and administrative offices, therapy rooms, and a kitchen and dining area. In
- [North of North](https://www.mmcdc.com/project/north-of-north/) - When a rural resort faced a financing shortfall, an MMCDC loan of $100,000 supported project completion. Financing helped finish three 1,150-square-foot cabins at North of North Wilderness Resort and Outfitters near Ely, Minn. The cabins are short-term rentals for the general public as well as for participants from a nonprofit serving people with disabilities. The
- [A New Housing Partner](https://www.mmcdc.com/project/a-new-housing-partner/) - North Star Neighbors, a community land trust (CLT), is building homes in the small, rural community of Thief River Falls, Minn., on two lots it purchased from MMCDC. CLT homebuyers purchase the structure and improvements, while North Star Neighbors (NSN) retains ownership of the land. This, combined with CLT homeowners' commitment to keep the home affordable
- [MMCDC Loan Helps Reopen Small Grocery](https://www.mmcdc.com/project/mmcdc-loan-helps-reopen-small-grocery/) - The closure of the only grocery in Twin Valley, Minn., created an inconvenience for local residents. But Megan Ostgarden saw an opportunity, and a loan from MMCDC helped her to reopen the store. “I always said if it came for sale I would try to buy it. My mom worked here when I was a
- [Celebrating the First 20 Years of the White Earth Investment Initiative](https://www.mmcdc.com/project/celebrating-the-first-20-years-of-the-white-earth-investment-initiative/) - 2003 – Community-led predevelopment work begins. Over the years, efforts include beautification, city infrastructure, and wellness. 2003 – WEII acquires its first loan in portfolio, beginning a 20-year business relationship with local entrepreneur Darwin McArthur, Jr. 2003 – The Northwest Area Foundation becomes the first major foundation supporter with a pledge of $60,000. NWAF becomes
- [Raising the Roof](https://www.mmcdc.com/project/9676/) - CDI began as a home-based business. After three decades, it occupied its own manufacturing plant and three off-site warehouses, and was still growing. The founders desperately needed a new, customized facility and financing to match. “It was a ‘go or no-go’ situation,” said CEO Tom Peterson, who started the business with his wife, Sue. He
- [Heartland Hair Park](https://www.mmcdc.com/project/heartland-hair-park/) - After Sue Brandon-Cadwell and her husband relocated to Park Rapids, Minn., Sue was working at two salons and commuting out of town. With a $140,000 loan from MMCDC, an investment from her father (the late Barney Cadwell), and other resources, she opened Heartland Hair Park. In less than a year, it became home to her
- [A Fresh Start](https://www.mmcdc.com/project/a-fresh-start/) - Zephyr Estates provides an important rental opportunity in the small town of Audubon, Minn. MMCDC purchased Zephyr in 2016 and worked with the U.S. Dept. of Agriculture to maintain the affordable rents. Due to the building’s age and condition, MMCDC later undertook a major interior renovation. As a tenant both before and after the remodel,
- [School Spirit](https://www.mmcdc.com/project/school-spirit/) - Faced with the overwhelming cost of improving aging schools, one rural school district turned to MMCDC for assistance. Thief River Falls, Minn., is located within driving distance of the Canadian border. Quality local schools help major employers recruit and retain employees to the area. That factor, plus changing student needs and a projected increase in
- [Loans for Emerging Entrepreneurs](https://www.mmcdc.com/project/small-businesses-start-here/) - We're a different kind of lender! Hear how we helped one small business by clicking on the 30-second video below. MMCDC is a participant in the State of Minnesota's Emerging Entrepreneur Loan Program. To meet our staff and learn more about MMCDC, visit Commercial Lending. This institution is an equal opportunity employer and provider.
- [Main Street 2.0](https://www.mmcdc.com/project/main-street-2-0/) - After her family moved back to her husband’s hometown of McIntosh, Minn., Andrea Stordahl opened a retail store. Seeing potential in the partially vacant downtown, she started acquiring and renovating buildings. So did others. Women-owned businesses now occupy much of the street. As Andrea saw opportunity for additional growth, her banker connected her with MMCDC,
- [Home At Last](https://www.mmcdc.com/project/home-at-last/) - In 2016, as Elissa Rehm and Dennis Hisgun, III, began working toward homeownership, four affordable new homes were transforming a previously blighted block not far from their apartment. They would occasionally drive by, knowing one of these homes would be just right for them. By the time the final home was constructed, the family qualified
- [Living History](https://www.mmcdc.com/project/living-history/) - In the early days of Detroit Lakes, a local entrepreneur developed a new building and put his name in stone above the door. For over a century, it hosted a bank and other important businesses. After time took its toll, MMCDC purchased and restored the entire block and, in 2019, completed the final interior office
- [Renewing Hope](https://www.mmcdc.com/project/renewing-hope/) - The Neighborhood Development Center is a longtime provider of services throughout the Twin Cities metro, primarily to entrepreneurs of color. A $2.85 million New Markets Tax Credit loan from MMCDC is supporting construction of its future office and small business incubator at University Avenue and Dale Street in St. Paul. NDC President Renay Dossman said
- [Smaller Homes Making a Big Impact](https://www.mmcdc.com/project/smaller-homes-making-a-big-impact/) - The Northwest Minnesota Housing Cooperative is successfully meeting market demand with its "smaller homes, smaller lots, smaller price tags" concept in MMCDC's newest subdivisions. This newly constructed residence offers a starter home concept with room to grow. Buyers may purchase the home completely finished with a double garage, or they may add those finishing touches
- [At Home in Red Lake Falls, Minn.](https://www.mmcdc.com/project/106-evergreen-ave-red-lake-falls-minn/) - This up-to-date, maintenance-free home featured two finished bedrooms and a full bath on the main level, plus a two-stall attached garage. The basement was ready-to-finish for two additional bedrooms and a full bath, equaling more than 1,900 square feet of living space when finished. Energy-efficient features included: LED Lighting Energy Star Appliances 95% High-Efficiency Furnace
- [Innovis Health Park Rapids and CHI St. Joseph's Health](https://www.mmcdc.com/project/innovis-health-park-rapids-and-chi-st-josephs-health/) - Expanded, modernized and more convenient medical facilities are the successful outcome of a construction and renovation project that partnered two independent health care businesses. MMCDC provided a low-cost $7.6 million loan for the project.
- [Crookston Sports Center & Duluth Heritage Sports Center](https://www.mmcdc.com/project/crookston-sports-center/) - Two multi-purpose facilities in Northern Minnesota are helping to meet the physical fitness needs of community residents of all ages. Crookston's new arena accommodates figure skating and ice hockey while also providing a walking track for general use. In Duluth, the sports center includes ice arenas and Boys and Girls Club space. Both facilities include
- [Buying Local](https://www.mmcdc.com/project/buying-local/) - When impassioned community members came together in 2016 to form a food co-op, MMCDC responded with technical assistance, flexible financing and referrals. “MMCDC’s mission and our mission overlap, and I think that’s important,” MANNA Treasurer Ryan Pesch said. “…We have a lot of things going in the right direction, but we certainly need that flexibility.”
- [One Roof: Transforming the Landscape](https://www.mmcdc.com/project/one-roof-transforming-the-landscape/) - One of Duluth’s newest housing developments was once an abandoned industrial site. Although the buildings that housed the former natural gas holding facility were removed decades ago, contamination from lead-based paint from the exterior of the building remained. This contamination hindered any development. In exchange for an environmental clean-up grant, the city promised a mixed-income development
- [Building New](https://www.mmcdc.com/project/building-new/) - The African Development Center helps immigrants, refugees and others to build successful lives in Minnesota. The program offers business and personal financial education, space for rent to small companies, and financing to help capitalize the start-up and expansion of businesses in urban neighborhoods and small towns. From financing for its new office and business incubator
- [A Place To Be](https://www.mmcdc.com/project/a-place-to-be/) - Trinity G. and her mother lived in a mobile home for several years before their landlord decided to put it up for sale. With two modest incomes, she thought they could afford the monthly payment on an older home in the area, where she works and graduated from high school. But, she didn’t have adequate
- [Financing Affordable Housing Developments](https://www.mmcdc.com/project/financing-affordable-housing-developments/) - Nicole Kirchner, Vice President of Business Development, and Julia Nelmark, then-New Markets Tax Credit Program Director, provided $1.7 million in flexible financing to three groups providing innovative affordable housing solutions. One such project is the Jay Street Development, located on an abandoned industrial site in Duluth, Minn. In exchange for an environmental clean-up grant, the
- [Community Development Bank Acquires New Branch in St. Michael, Minn.](https://www.mmcdc.com/project/community-development-bank-acquires-new-branch-in-st-michael-minn/) - Community Development Bank achieved its longtime goal of expansion in 2017 with the purchase of a branch facility in St. Michael, Minn. The added location doubled the asset size of the bank, which was acquired by MMCDC and two other nonprofits in 2001. "They have 60 percent of the deposit market share in St. Michael
- [Renovation Brings Needed Updates to 1979 Building](https://www.mmcdc.com/project/renovation-brings-needed-updates-to-1979-building/) - Today's senior citizens are aging in place, creating new demands on older apartments. With this in mind, in 2017 MMCDC renovated Pine Villa Estates, a 30-unit building constructed in 1979 in Menahga, Minn. The result is an updated and more handicapped-accessible building, including walk-in showers, a new roof, and new floor coverings, appliances, and furnishings.
- [Pride of Place](https://www.mmcdc.com/project/price-of-place/) - A first-time homeowner at age 55, Donna Murphy waited a long time to enjoy the simple pleasures of homeownership. With the help of neighbors, friends and family, she wasted no time turning her house into a home. She and her daughter built a patio while her five grandchildren enjoyed the charm of small- town life--biking
- [Family spends warm and cozy winter in remodeled home](https://www.mmcdc.com/project/family-spends-warm-and-cozy-winter-in-remodeled-home/) - Wide, wooden doorways drew Melissa Price to her historic Perham home, but she soon realized other aspects needed modernizing. She and husband Nick planned to replace the old lathe-and-plaster walls with insulation and sheetrock, but ran into barriers with building code issues. More extensive work was needed, and they approached their community bank for a
- [The Fantastic Ford Center](https://www.mmcdc.com/project/the-fantastic-ford-center/) - Transformation of the Ford Center from dilapidated warehouse-style building to upscale office complex was a significant community development feat in Minnesota. It combined two federal tax credits--New Markets and Historic--with other financing to reinvigorate the old Ford Motor assembly plant for its next 95 yeas of service. MMCDC's attractive $9.5 million loan was part of
- [A New Look](https://www.mmcdc.com/project/a-new-look/) - Today, the interior of Barber Jon’s is charming. From the antique barbershop light to the Vikings football jersey, the friendly, comfortable environment offers standard barbering services delivered with community pride. But when Jon and Joy Stone first looked at 214 Front Street in Detroit Lakes, Minn., it was a dilapidated building with a hole in
- [Community Health Center of the Black Hills Builds New Clinic](https://www.mmcdc.com/project/community-health-center-of-the-black-hills/) - A medically underserved area in Rapid City, S.D., is home to an expanded, modernized health center with the help of $6.05 million in New Markets Tax Credit financing from MMCDC. The new $8.8 million Community Health Center of the Black Hills facility features medical, dental and behavioral health services in one location. In additional to
- [McCoy Grain Terminal Speeds Goods to Market](https://www.mmcdc.com/project/mccoy-grain-terminal-speeds-goods-to-market/)
- [AGCO Returns Jobs to US](https://www.mmcdc.com/project/1414/) - AGCO is a leading global manufacturer of agricultural equipment, offering a full line of tractors, combines, hay tools, sprayers, and forage and tillage equipment, which are distributed in more than 140 countries worldwide. In 2011, AGCO announced plans to expand the company’s Jackson, Minnesota manufacturing facility to produce high-horsepower, wheeled, row-crop tractors, which had previously
- [Healthy Food Financing For Seward](https://www.mmcdc.com/project/healthy-food-financing-for-seward/) - Faced with capacity crowds at its existing store, Seward Community Cooperative in Minneapolis, Minn., turned to its longtime partners to raise affordable, flexible capital for two expansions. Opened in 2015, these two new sites now offer a new grocery in an area with limited access to healthy food options, and a café, administrative offices, and
- [Health care center improves care options for cancer patients](https://www.mmcdc.com/project/health-care-center-improves-care-options-for-cancer-patients/) - Rural access to health care can be a challenge. Often, residents of small communities and outlying areas have farther to drive, and they must seek treatment outside of their regular health care system when it comes to specialty medical care. Lake Region Healthcare in Fergus Falls, Minn., envisioned delivering a more convenient care system for
- [Expanding nonprofits in Detroit Lakes, Minn.](https://www.mmcdc.com/project/expanding-nonprofits-in-detroit-lakes-minn/) - MMCDC established a $5 million rural New Markets Tax Credit fund to finance two nonprofit agencies benefiting youth and families. Lakes Crisis and Resource Center constructed a 17,250-square-foot, 27-bed shelter and office for their family-focused programs. Across town, the Detroit Lakes Community and Cultural Center added an indoor playground, called The Backyard, and a baseball-themed
- [Windows To The World](https://www.mmcdc.com/project/windows-to-the-world/) - Over 40 years, Viracon grew from a start-up Minnesota manufacturer to a producer of attractive, energy-efficient specialty glass for skyscrapers across the world. In 2013, the company reinvested in the Owatonna plant where they started, a rural Minnesota location that qualified for financing under the federal New Markets Tax Credit (NMTC) program. The program directs
- [Partnering with NeighborWorks America Organizations](https://www.mmcdc.com/project/partnering-with-neighborworks-america-organizations/) - The NeighborWorks network includes leading affordable housing providers, such as Neighborhood Housing Services (NHS) of Southwest Wisconsin and NeighborWorks Home Partners of St. Paul (NWHP). In 2014, NHS was designated a NeighborWorks Green Organization, one of a select group setting the standard for sustainable development. MMCDC has provided a $150,000 construction loan annually for
- [Tamarac Discovery Center](https://www.mmcdc.com/project/tamarac-discovery-center/) - Tamarac Discovery Center is true to its name, offering young and old a chance to discover nature at Tamarac National Wildlife Refuge. In 1992, outdoors enthusiasts successfully organized the Friends of Tamarac Wildlife Refuge, a nonprofit providing organized volunteer and financial support to the refuge. Already involved in hosting school-aged visitors at the refuge, the
- [Spectacular Kitchen Remodel](https://www.mmcdc.com/project/spectacular-kitchen-remodel/) - When a 135-year-old brick home went up for sale, Trisha Pickar needed a loan not only for purchase, but also for renovation. Her community banker referred her to MMCDC for financing, and she went to work. Family and friends rolled up their sleeves alongside Trisha as she created a one-of-a-kind kitchen in her new home.

## Staff Members

- [Susie Fox](https://www.mmcdc.com/staff-member/susie-fox/) - Susie provides office and accounting support while contributing to special projects across departments as needed. Her responsibilities include maintaining, updating, and auditing both electronic and physical filing systems and databases to ensure accuracy and compliance. She organizes project files, reports, and documentation, and tracks timelines, action items, and deliverables to help ensure projects stay on
- [Jim Davis](https://www.mmcdc.com/staff-member/jim-davis/) - Jim is focused on maintaining, improving, and integrating MMCDC’s data, platforms, and internal workflows. This role is designed to serve as a bridge between all levels of staff, all departments, and external partners to ensure that information flows accurately, systems are used effectively, and work is structured in a way that supports compliance, scalability, and efficiency. This
- [Alysha Hardie](https://www.mmcdc.com/staff-member/alysha-hardie/) - Alysha started as a Property Manager before being promoted to her current role. She is responsible for the strategic operation oversight of a portfolio of owned and managed properties, ensuring properties operate efficiently and remain financially sound. This role combines day-to-day property management duties with asset management responsibilities, including financial oversight and performance analysis.
- [Casey Grossman](https://www.mmcdc.com/staff-member/casey-grossman/) - With many years of experience with mortgage, consumer and commercial lending processes, Casey provides a wide range of support to the lending team. This may include setting up, monitoring and closing loan files, monitoring payments, maintaining internal and external staff and customer reminders, and communicating with borrowers and partner lenders on existing loans.
- [Dion Alger](https://www.mmcdc.com/staff-member/dion-alger/) - In his role, Dion works with the housing team and other providers to keep buildings in good working order. This includes conducting routine repair and maintenance inside tenant units, in common areas and on building exteriors.
- [Megan Anderson](https://www.mmcdc.com/staff-member/megan-anderson/) - Megan reviews loan requests, gathers information, conducts initial underwriting, and readies the information for further review. Upon approval, she supports loan closing and monitors existing loans.
- [Ryan Veralrud](https://www.mmcdc.com/staff-member/ryan-veralrud/) - Ryan is responsible for originating and managing loans that advance the mission of MMCDC by expanding access to capital. He works closely with new and existing borrowers, partner banks and other stakeholders, guides applicants through the lending process, and supports sound underwriting and consistent credit quality through his three years as MMCDC’s Business Credit and
- [Matthew Jutz](https://www.mmcdc.com/staff-member/matthew-jutz/) - Matthew supports overall capital management and record-keeping for the organization. His primary role is implementing accounts payable processes in compliance with financial policies and procedures. He also reconciles bank accounts, records deposits, and engages in other duties.
- [Michael Denny](https://www.mmcdc.com/staff-member/michael-denny/) - In his role, Michael supports marketing initiatives, manages digital tools and systems, and acts as a bridge between staff and technology vendors to ensure reliable operations. This includes developing and coordinating information technology responses and engaging in ongoing marketing activities for the company utilizing print, website, social media and events.
- [Ben Jacobson, CPA](https://www.mmcdc.com/staff-member/ben-jacobson/) - Ben prepares the financial statements for MMCDC and its related companies, in addition to managing the annual budget development. He also oversees the month-end and year-end close process; stays abreast of accounting principles, policy and regulations; and works closely with auditors. In addition to his accounting duties, he previously served as MMCDC’s IT liaison.
- [Alissa Ratz](https://www.mmcdc.com/staff-member/alissa-ratz/) - Alissa is responsible for core accounting as well as grant compliance and data management tasks. Key responsibilities include preparing financial and compliance reports for internal and external stakeholders, reviewing funder requirements and tracking related expenditures, and serving as a data specialist. She also monitors credit card payments and supports the audit and fund development processes.
- [Jamie Marks Erickson](https://www.mmcdc.com/staff-member/jamie-marks-erickson/) - Jamie Marks Erickson assists in raising capital for MMCDC and its subsidiaries, primarily through grant applications. She also supports company efforts to measure impact and meet requirements for various funders.
- [Mark Andersen](https://www.mmcdc.com/staff-member/mark-andersen/) - Mark Andersen is an executive vice president at Northwoods Bank of Minnesota in Park Rapids. His job description mainly focuses on leading the sales department, which includes the real estate and commercial lending departments. His early career was focused on managing / owning a family business in Park Rapids for 24 years. He and his
- [Bryan Ramsrud](https://www.mmcdc.com/staff-member/bryan-ramsrud/) - Bryan Ramsrud is a lifelong resident of Clearwater County, where he lives with his wife. Early in his career, he and his brother started a painting and drywall finishing business, which they ran for over 20 years together. Bryan still operates the business part time. He has been an active member of the Alida Free
- [Scott Moser](https://www.mmcdc.com/staff-member/scott-moser/) - Scott Moser resides in Red Lake Falls, Minn. He received a bachelor’s degree in accounting from Moorhead State University. For 35 years he was employed with a large accounting, tax and consulting firm. Of those 35 years, he was a partner in the audit and consulting practice for 26 years. He retired in September 2024.
- [Lisa Weber](https://www.mmcdc.com/staff-member/lisa-weber/) - Lisa Weber represents Becker County and joined the MMCDC Board in 2021. She has over thirty years of experience working in education, most recently as superintendent of the Waubun-Ogema-White Earth School District. Lisa earned a M.S. in secondary school counseling after graduating with a B.S. in elementary education. She has been a member of many
- [Maria Lindstrom](https://www.mmcdc.com/staff-member/maria-lindstrom/) - Maria Lindstrom joined MMCDC’s Board in 2022 to serve Hubbard County. She completed her undergraduate degree at Gustavus Adolphus College in 1996 and graduated from William Mitchell College of Law in 2000. Maria is currently assistant vice president and general counsel at Citizens National Bank of Park Rapids where she has worked since 2019. She
- [Melinda Iverson](https://www.mmcdc.com/staff-member/melinda-iverson/) - Melinda Iverson begin serving the White Earth Reservation on MMCDC’s Board in 2023. A Dale Carnegie graduate, she has well over two decades of career experience as a Human Resources Executive Management professional in Native American gaming and resorts, tribal governments, and retail industries. Mindy has been involved with many professional organizations including Society for
- [Paul Ihle](https://www.mmcdc.com/staff-member/paul-ihle/) - Paul Ihle is a long-time resident of Thief River Falls, located in Pennington County. He has served on MMCDC’s Board since 2017. He attended the University of Minnesota to earn a business degree before attending the University of North Dakota to earn a law degree. Paul was an attorney in Thief River Falls in private
- [Monica Hedstrom](https://www.mmcdc.com/staff-member/monica-hedstrom/) - Monica Hedstrom joined MMCDC’s Board in 2023 as a representative of Mahnomen County. An enrolled member of the White Earth Nation and descendent of the Blackfeet Nation in Montana, she has served the White Earth Natural Resources Division (WENRD) for over 25 years. Monica is a graduate of Mahnomen High School and earned her BA
- [Mark Finstad](https://www.mmcdc.com/staff-member/mark-finstad/) - Mark Finstad joined MMCDC’s Board to serve Polk County in 2023. A 1982 graduate of NDSU in agricultural economics, he has worked for more than 40 years as a community banker, most recently at Ultima Bank Minnesota. He’s a senior advisor and member of the bank’s Board. Mark has been active in the Fosston Rotary
- [Jim Dagg](https://www.mmcdc.com/staff-member/jim-dagg/) - Jim Dagg was first elected to MMCDC’s Board in 2017 to serve Pennington County. He was the owner and operator of the Jim Dagg Insurance Agency in Thief River Falls and the Ken Nelson Insurance Agency in Warren; he worked in the insurance business for over thirty years. He obtained his associate degree in business
- [Breanna Adams](https://www.mmcdc.com/staff-member/breanna-adams/) - Breanna Adams began representing Becker County on MMCDC’s Board in 2017. She has worked for Sanford Health Detroit Lakes (MeritCare Clinic at the time) since 2009, and she added Sanford Hawley and Ulen clinics to her administrative responsibilities. Breanna is a 2000 graduate of Perham High School, 2003 graduate of Concordia College Moorhead (BA in
- [Kate McDowell](https://www.mmcdc.com/staff-member/kate-mcdowell/) - Kate is the primary contact for tenants, often working in coordination with other members of MMCDC's rental housing team. She facilitates property tours, lease-up, monitoring of ongoing occupancy and payments, inspections, repairs, and exits.
- [Mike Wendt](https://www.mmcdc.com/staff-member/mike-wendt/) - Mike is part of the facilities and maintenance team at MMCDC, helping to keep building systems, equipment and units in good condition. Duties include inspection; maintenance; trouble-shooting; emergency response; coordination with plumbers, electricians and other vendors; unit preparation; and landscaping.
- [Pege JM Klemisch](https://www.mmcdc.com/staff-member/pege-klemisch/) - Pege supports the Vice President of Mortgage Lending by compiling, organizing, underwriting and maintaining loan files, as well as closing and funding mortgage loans.
- [Julia Nelmark](https://www.mmcdc.com/staff-member/julia-nelmark/) - Ms. Nelmark was named MMCDC’s president in August 2018, after developing and leading the company’s New Markets Tax Credit Financing division since our first allocation. She led the deployment of $544 million of NMTC allocation across Minnesota and surrounding states, for dozens of projects ranging from $250,000 to $20 million. Originally from Illinois, Ms. Nelmark
- [Cheryl Fletcher](https://www.mmcdc.com/staff-member/cheryl-fletcher/) - Cheryl over sees ongoing Property Management functions. She is responsible for building relationships with the property owners we support by identifying and implementing efficiency opportunities. Cheryl guides strategic planning efforts for the property management area and the organization as a whole.
- [Matt Nelson, CPA](https://www.mmcdc.com/staff-member/matt-nelson/) - As Chief Financial Officer, Matt Nelson works with the President, Executive Management Team and Board of Directors to ensure the organization has the financial resources needed to achieve current and future goals, while managing current financial operations and mitigating financial and operational risk. His responsibilities include managing and overseeing accounting and budget, internal controls, compliance
- [Alex Bauer](https://www.mmcdc.com/staff-member/alex-bauer/) - Working with the Vice President of NMTC Financing and the Director of NMTC Originations, Alex analyzes loan requests from current and potential borrowers, spreads financial statements, assesses business feasibility, and drafts credit presentations to be presented for review and approval. He plays a key role in performing annual risk rating assessments and assisting with the
- [Ashley Silbernagel](https://www.mmcdc.com/staff-member/ashley-silbernagel/) - Ashley's core responsibilities are to ensure Accounts Payable, ACH, grant reporting compliance, and fixed assets processes run timely and smoothly. Her position is integral to the general financial recordkeeping of the organization.
- [Chelsey Torblaa](https://www.mmcdc.com/staff-member/chelsey-torblaa/) - Chelsey provides customer service in the administrative building, supports the business office, and conducts tenant application review and background checks as well as rent posting and other property management support functions.
- [Heather Hamlin](https://www.mmcdc.com/staff-member/heather-hamlin/) - Heather is responsible for leading and supporting MMCDC’s real estate efforts, aligning financial stewardship with the organization’s mission to strengthen communities. This role is responsible for acquiring and developing properties, securing funding, and ensuring long-term viability through strategic planning, construction oversight, preventative maintenance, and asset management.
- [Amanda Parteka](https://www.mmcdc.com/staff-member/amanda-parteka-2/) - Amanda joined MMCDC in November of 2013 as an assistant property manager. She was promoted to Property Manager in 2015 before becoming Senior Property and Compliance Manager in 2025. She is responsible for ensuring that all activities related to HUD regulations, laws, and policies are properly followed, and that the organization maintains continuous compliance with
- [Karen Larson](https://www.mmcdc.com/staff-member/karen-larson/) - Karen assumed leadership of her department in 2021. With her extensive experience in the mortgage services industry, she has been key to the growth of MMCDC's mortgage lending department. In addition to originating, underwriting, closing and funding a variety of loan types, she has worked with secondary market sources, partnered with bank lenders, engaged with
- [Angie Schute](https://www.mmcdc.com/staff-member/angie-schute/) - As a mortgage loan processor, Angie greets walk-in customers, maintains loan files, updates various reports reviewed by management and directors, conducts customer surveys and customer outreach.
- [Shelley Weets](https://www.mmcdc.com/staff-member/shelley-weets/) - Shelley supports the Vice President of Mortgage Lending by compiling, organizing, underwriting and maintaining loan files, as well as closing and funding mortgage loans.
- [Shad Tappe](https://www.mmcdc.com/staff-member/shad-tappe/) - Shad is a key player in the identification, review and approval of potential New Markets Tax Credit projects. Upon approval, he maintains ongoing review of project performance, services loans, cooperates with various project stakeholders, and assists at the end of the loan period. He monitors project compatibility with federal requirements from the point of application
- [Emma Mejia](https://www.mmcdc.com/staff-member/emma-mejia/) - Emma provides confidential administrative support to company executives by conducting research, preparing reports and handling information requests. She also provides comprehensive support to the governing boards and committees associated with the corporation. As such, she has in-depth knowledge of the corporate structure and procedures, and she manages a diversified workload. She worked in a similar
- [Tim Swenson](https://www.mmcdc.com/staff-member/tim-swenson/) - Tim is responsible for the development, supervision, and implementation of the New Markets Tax Credit program at MMCDC. He reviews, analyzes, and structures potential projects; explores financing options; and maintains relationships with investors, lenders, and NMTC clients. Tim also oversees NMTC compliance reporting to the CDFI Fund and investors.
- [Amanda Hanson, J.D.](https://www.mmcdc.com/staff-member/amanda-hanson/) - Amanda directs hiring of employees for MMCDC and its subsidiaries. She is responsible for evaluating employee performance, facilitating multi-level succession planning, and preparing and updating human resource policies and procedures. In addition, Amanda counsels the MMCDC Housing department on legal matters. She holds a Juris Doctorate from University of Minnesota Law School and a Bachelor’s
- [Liz Dukleth](https://www.mmcdc.com/staff-member/liz-dukleth/) - Liz is responsible for maintaining and updating loan files with necessary documentation and information, assisting in monitoring and tracking of loans and payments to ensure portfolio accuracy, and ensuring an efficient process for the department and borrowers.
- [Amber Langerud](https://www.mmcdc.com/staff-member/amber-langerud/) - Amber is responsible for loan document preparation for loan closings, monitors the loan portfolio to ensure accuracy; focuses on impact data reporting and reporting for the lending division; she is responsible for MMCDC’s credit reporting activity; and communicates with borrowers to request updated information.
- [Nicole Kirchner](https://www.mmcdc.com/staff-member/nicole-kirchner/) - Nicole is responsible for the development and management of the company’s loan and investment portfolio, and she is the initial point of contact for borrowers. She supervises business lending staff, serves as liaison to the board of directors, maintains relationships with other lenders and industry partners, and ensures compliance with lending requirements related to public
- [Scott Omlid, CPA](https://www.mmcdc.com/staff-member/scott-omlid-cpa/) - Scott Omlid is MMCDC's retired CFO; he is currently working as a consultant on special projects.
- [Jodi Lunde](https://www.mmcdc.com/staff-member/jodi-lunde/) - Jodi Lunde is a valued team member in facilitating the Homebuyer Education, Homeownership Counseling, and Volunteer Income Tax Assistance (VITA) programs. Lunde comes with a wealth of experience in Low-Income Housing Tax Credit (LIHTC) projects, compliance, asset management, and program resources available in our region. Jodi graduated from White Earth Tribal & Community College with
- [Sue Trnka](https://www.mmcdc.com/staff-member/sue-trnka/) - Sue Trnka is a HUD-certified homeownership advisor and an IRS-certified VITA site coordinator who leads homebuyer education classes, meets individually with potential homebuyers and oversees operation of the White Earth Volunteer Income Tax Assistance (VITA) Site. She has a history of community leadership and involvement, including serving in city government, participation on local boards and
- [Jeff Fagerstrom](https://www.mmcdc.com/staff-member/jeff/) - Jeff Fagerstrom is the longtime manager of the Northwest Minnesota Housing Cooperative, based in Thief River Falls, Minn. For more information, go to www.nmhchomes.com.
- [Lori Guenther](https://www.mmcdc.com/staff-member/lori-guenther/) - Lori Guenther was first elected to MMCDC’s Board in 2018 to serve Mahnomen County. Lori is the Chief Financial Officer and Chief Information Officer for the Mahnomen Health Center. Lori graduated in 2010 with a Bachelor of Science degree in accounting from NDSU. She furthered her education by graduating in 2012 with her Master’s degree

## Categories

- [Uncategorized](https://www.mmcdc.com/category/uncategorized/)
- [Mortgage](https://www.mmcdc.com/category/mortgage/)
- [Commercial](https://www.mmcdc.com/category/commercial/)
- [Frazee Homes Development](https://www.mmcdc.com/category/frazee-homes-development/)
- [Women](https://www.mmcdc.com/category/women/)
- [New Markets Tax Credits](https://www.mmcdc.com/category/new-markets-tax-credits/)