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HEDC announces rural workforce housing award, local match and $5 million revolving housing fund
Summary
Hastings Economic Development Corporation said the city secured rural workforce housing funds paired with local matches to renovate a middle school and build a townhome project, and that the city’s revolving housing fund will grow to about $5 million.
Hastings Economic Development Corporation announced that Hastings won rural workforce housing funds and will pair those dollars with local matching funds to support two housing projects.
The award, announced to the Hastings Utility Board on March 13, 2025, will be combined with local matching money already committed by city and utility funds. “We are partnering, $200,000 from the utilities and city, $200,000 from CRA, $150,000 from HEDC,” said Shannon (HEDC representative). The projects described were the renovation of the middle school for housing and a prefabricated townhome project called Veil Side Village in the North Park…
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