Publicly Owned Housing Program

Landon Group provided technical assistance to secure financing, coordinate underwriting & close loans

Minnesota Housing Infrastructure Bonds (GO Bonds); Owner Capital

  • 17 to 58 units
  • $67,000 to $1.1 million total development cost

In 2014, the Minnesota Legislature provided $20 million in General Obligation Bonds to Minnesota Housing to be awarded to Housing Redevelopment Authorities/Public Housing Authorities (HRA/PHAs) in order to address critical physical needs in existing public housing. Greater Minnesota Housing Fund (GMHF) and National Association of Housing and Redevelopment Officials (NAHRO) hired Landon Group to provide technical assistance to Public Housing Authorities in preparing competitive funding applications.

Landon Group assisted 12 HRA/PHAs with 13 application submissions to Minnesota Housing. 11 of those 14 developments were funded, out of 46 total applicants.

Landon Group further assisted three HRAs – Two Harbors, Greenbush, and Renville County – with closing the loans in completing their rehab projects.  These agencies provide critically needed housing to very low-income individuals and households in their communities.

Pictured above, L to R:  Bayview Terrace (Two Harbors, MN) and Elderbush (Greenbush, MN)