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State Representative David Dill
100 Rev. Dr. Martin Luther King Jr. Blvd.
651-296-2190
For more information contact: Sandy Connolly 651-296-8877
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Rep. Dill announces financial award for Minnesota Chippewa Tribe
Representative David Dill (DFL-Crane Lake) recently received notification that the Minnesota Housing Finance Agency (MHFA) has approved an award of $100,000 to the Minnesota Chippewa Tribe for homeownership projects in Grand Portage and the Bois Forte Reservation.
The award will focus on the Pine Hollow Estates development in Pike Bay Township and the Grand Portage Reservation and will be used to help fill the gap in financing for interested buyers.
"This money is a real gift to residents in this area who cannot afford the high cost of housing," said Dill. "It specifically targets American Indians, giving them the ability to borrow up to $25,000, interest-free."
According to Dill, the loans are 30-year deferred, due on sale of the property. The homebuyer income limit is 60% of the state median and the anticipated sales price per unit is $95,000, with four new housing units planned.
"Competition for this funding was strong," said Dill. "We were fortunate to be one of the 19 proposals out of all of the applications to receive an award."
Please feel free to contact me with questions or suggestions. You can call me at 1-800-339-0466, write to me at 315 State Office Building, St. Paul, MN 55155 or email me at rep.david.dill@house.mn.
News Items
- Budget Forecast: Good news for this year, bad for the coming two Fiscal crisis in Washington creates uncertainty and concerns - (Posted: Dec 7 2012 12:00AM)
- MOLPUS LANDS STATUS QUO FOR NOW - (Posted: 2012-10-18 00:00:00)
- Rep. David Dill encourages hunters and trappers to apply for wolf license - (Posted: 2012-08-17 00:00:00)
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