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Hibbing project awarded just shy of $26 million from MHFA for 52‑unit workforce development
Summary
Hibbing officials heard that the Cobb Cook Place project won nearly $26 million from the Minnesota Housing Finance Agency, including more than $3 million in local contributions; the 52‑unit development will offer 1–4 bedroom workforce units and give Green Haven tenants first right of refusal.
Hibbing City Council members were told on Jan. 8 that a local housing effort has secured state funding to move forward.
“As you've all heard by now, the project was awarded just shy of $26,000,000,” Miss Prescott told the council, adding that the award includes “more than $3,000,000 in local resources, including … HEDA and the Hibbing HRA.” The funding was approved at the Minnesota Housing Finance Agency’s…
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