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Chaska council approves $394,000 letter of intent to help finance housing for young mothers
Summary
The Chaska City Council authorized a letter of intent to provide up to $394,000 toward an affordable housing project run by Community Asset Foundation to create four affordable units focused on young mothers; the organization said the project is close to fully funded.
The Chaska City Council on March 16 approved a letter of intent to provide up to $394,000 to the Community Asset Foundation to help complete financing for an affordable housing project at 1201 and 1207 Yellow Brick Road.
Council members heard from staff and from Dave of Community Asset Foundation, who said the project — part of the foundation’s New Beginnings program for young mothers — has secured roughly half of its roughly $1.2 million target and is seeking the city’s contribution to…
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