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Sherburne County adopts homeowner rehabilitation loan program under new housing trust fund
Summary
After a public hearing, Sherburne County commissioners approved program criteria to use the county's newly created Housing Trust Fund to make low-interest homeowner rehabilitation loans, to be repaid through property special assessments.
Sherburne County commissioners on a unanimous vote approved establishment of a homeowner rehabilitation loan program under the county's recently created Housing Trust Fund, following a public hearing and staff presentation.
The program will offer low-interest loans to property owners for replacement or repair of failing systems, energy-efficiency upgrades and accessibility accommodations, with repayment collected through special assessments on the property.
Brian Fleming, the county's economic development coordinator, told the board that "with the…
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