New Richland
Real Estate
Project that will provide affordable housing pushed back, still set for summer 2024 start
The city of Waseca has owned the empty lot between Waseca Junior/Senior High School and Walmart for years, and now it will finally be developed into an apartment complex. The complex, which will include affordable housing units, will contain a total of 36 units. A group of local business owners created a group called the Waseca Real Estate Fund (WREF) and partnered with fiscal agent REVocity to plan the apartment complex project. To help finance the project, WREF applied for Tax Increment Financing (TIF) from...
Chamber Growth Breakfast highlights housing bill, local ordinances
Regardless if it’s in a small town or a metropolis, housing continues to be a problem plaguing communities throughout Minnesota. Specifically the lack of housing, and what can be done to quickly change that. During the Owatonna Chamber Growth Breakfast on Thursday, attendees had the chance to hear directly from Mark Foster, vice president of legislative and political affairs for Housing First Minnesota. Foster spoke directly about bills being proposed at the state legislature that aim to reduce the cost of housing development and options....
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