Jackson gets funding to boost its housing stock
JACKSON — Thanks to grant funding, the city of Jackson will have the opportunity to invest in and improve its housing stock.
Jackson was awarded $531,875 from the Minnesota Department of Employment and Economic Development this week to be utilized for owner-occupied housing rehabilitation projects.
Jackson City Administrator Jennifer Bromeland said the city has been awarded Small City Development Grants in the past from DEED, and is excited to again be named a recipient.
“It has been a huge success in Jackson,” Bromeland said. “The biggest value is that it is an investment in our housing stock.”
Bromeland said the city expects to be able to complete about 25 owner-occupied housing rehabilitation projects in households with low to moderate incomes.
The purpose of the rehabilitation projects is to improve the livability, accessibility, energy efficiency and address lead paint hazards.
“Or any other condition that would contribute to the deterioration to the home,” Bromeland added.
Individuals of low to moderate income interested in applying for a loan must be located in the city’s target area. Included are houses in residential areas south of South Street from Kimball Avenue to South Morrison Avenue and north of White Street to North Highway from Butler Avenue to Fifth Street.
The household must fall under 80 percent Area Median Income limits set by the U.S. Department of Housing and Urban Development. Limits in 2017 for Jackson County range from $37,100 for a one-person occupancy to $69,900 for an eight-person occupancy.
Funds must be used by Dec. 31, 2019. With the goal of utilizing all funds, the city will expand its target area should funds remain after Aug. 1, 2018. The second target area the city has identified is in residential areas around north of South Highway from River Street to 550th Avenue.
The average loan amount for rehabilitation projects is $18,500. Bromeland said loans awarded will depend on each unique project, but will be in a similar “ballpark area.”
Bromeland said everyone that resides within the target area has been sent correspondence about the available loan. The city will soon hold an informational public meeting for individuals interested in learning more or applying for a loan.
Bromeland said completion of housing rehabilitation projects is beneficial, especially when individuals consider moving to Jackson.
“It gives another incentive to try and improve an individual’s home, so when they move their home is in better condition and it improves our housing stock in the community,” she said.
Jackson was one of 26 Minnesota communities with a population under 50,000 that were awarded a DEED Small Cities Development Grant, totaling $14.6 million for housing and infrastructure projects.