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Minnesota Housing and Family Housing Fund award $1.4 million to Twin Cities Habitat |
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Twin Cities Habitat for Humanity is hosting a press conference at the site of one of their Chaska homes on Tuesday, November 20 at 11 a.m. The press event will provide details of a $1.4 million Strategic Land Acquisition funding award. Speakers at the event include First Lady Mary Pawlenty, Minnesota Housing Commissioner Timothy Marx, Metropolitan Council Chair Peter Bell, Chaska Mayor Gary F. Van Eyll and Susan Haigh, president of Twin Cities Habitat for Humanity.
WHAT:
Press
Conference announcement of a $1.4 million Strategic Land Acquisition award
WHEN:
Tuesday,
November 20 at 11:00 a.m.
WHERE:
Twin Cities
Habitat for Humanity's single family home development
Clover Ridge
2840 Faulkner Drive
Chaska, MN
WHY:
The rate of
single family home closings are steadily declining in the Twin Cities,
yet the demand for affordable homeownership opportunities is enormous. The Minnesota Housing Finance Agency has
placed funding priority on community developers that possess a reliable track
record of success and a proven marketability of their homes. Given current market conditions, Minnesota
Housing and the Family Housing Fund are issuing the first of its kind Strategic
Land Acquisition award to Twin Cities Habitat for Humanity. Officials will be on hand to provide details
of the award and development plans.
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