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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 December meeting.
Prescott said the development, called Cobb Cook Place, will be located on the 4000 block of 5th Avenue West and will contain 52 workforce housing units: 13 one‑bedroom, 26 two‑bedroom, eight three‑bedroom and five four‑bedroom units. Planned amenities include Energy Star appliances, community spaces, offices, a playground and resident services.
The presentation noted that current tenants at Green Haven will have first right of refusal to move into the new development. Prescott also said the HRA and Center City Housing are preparing an application for a second phase to relocate the remaining 48 public housing units now at Green Haven; the plan would ultimately require demolition of 23 existing Green Haven buildings.
City officials said the award represents the culmination of a decade of planning and a pivot to a new site that strengthened the application. Prescott told the council the development team will focus on design and site issues over the next six months and must comply with federal, state and local requirements as the project proceeds.
The council did not take formal action on the presentation itself; staff said they will return with design and implementation steps and updates to the HRA project webpage.
