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 of the most important issues for families,” Sen. Amy Klobuchar said in a press release issued jointly this spring with Sen. Tina Smith. “NeighborWorks grants will help communities across Minnesota build and maintain reliable, affordable housing options for residents, and provide relief to Minnesotans who are still facing higher housing costs than they can handle.”
“Research has shown that a lack of an affordable, stable place to live makes it harder to find employment, maintain financial stability, succeed in school, and sustain healthy living,” Smith said. “The NeighborWorks grants are so important because they are investments in local organizations that work on the front lines every single day to provide affordable housing to those who need it.”
NeighborWorks America is announcing $70 million in grants to its network of nearly 250 nonprofit organizations located around the country, including several in Minnesota.NeighborWorks organizations will use the grants to develop and manage high-quality affordable housing, help consumers set and reach their goals through financial coaching, offer homeownership education and counseling, and revitalize and strengthen communities.
In fiscal year 2018, the NeighborWorks network provided 457,000 housing and counseling services; owned and managed 166,900 rental homes; and created more than 41,100 jobs.
MMCDC is a leading private nonprofit company providing commercial and home mortgage lending, as well as housing, business and community development services throughout Minnesota and the Midwest. Its board of directors is drawn from its Special Impact Area, which includes Becker, Mahnomen, Hubbard, Clearwater, Red Lake, Pennington and Eastern Polk counties, including the White Earth Reservation.
For more information about NeighborWorks America go to NeighborWorks.org.
