Latest News: Townhome project to break ground

WORTHINGTON — Thanks to a partnership between the city, its largest employer and regional agencies, a new, 24-unit townhome project will be under construction within the next year in Worthington.

Lisa Graphenteen of the Southwest Minnesota Housing Partnership said the agency has received an allocation of low-income housing tax credits and funding through the Greater Minnesota Housing Fund, Minnesota Housing Finance Agency and the Department of Employment and Economic Development for the project. The credits and funding, combined with a $50,000 contribution from JBS Swift and Co. and tax increment financing from the city, helped make the project feasible. The city will also provide a 0 percent deferred loan of $20,000 to the project.

“Local participation and local contribution is very important,” said Graphenteen. “Without the city and JBS Swift and our funding going into it, this project probably wouldn’t have been funded. It’s a huge effort between everyone involved.”

(For the complete story, see Wednesday's Daily Globe or online at www.dglobe.com)

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