Heartland Lakes seeks county affordable-housing aid for Park Rapids subdivision; board approves support
Get AI-powered insights, summaries, and transcripts
Sign Up Free
Summary
Heartland Lakes Development Commission asked the board to allocate the county's statewide affordable-housing aid toward a subdivision north of Walmart; the board approved the request and staff said Park Rapids will lend bridge funds to cover a deficit.
Speaker 4 told the board the Heartland Lakes Development Commission had secured a congressionally directed allocation that covers most of a proposed subdivision north of Walmart but that rising costs left a funding gap. To bridge the shortfall, Speaker 4 requested allocation of the county's statewide affordable-housing aid.
Speaker 4 provided the county aid figures reported in the meeting: "For 25, that number is 43,845 and for 26, it's 53,562, totaling $97,407," and said the HLDC would borrow additional resources from the City of Park Rapids to cover the remaining deficit and add the cost back into individual lot pricing so they remain affordable.
A board member moved to approve the request; the board voted by voice to carry the motion and authorize posting the RFP and moving the project forward. Staff said the RFP was posted and bids would be opened in the third week of March, with awards the last week of March and construction expected to start in April subject to weather.