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Council pledges up to $130,000 to support community land trust application
Summary
The Council adopted Res. No. 62-26 to support a Community Land Trust application and to commit up to $130,000 of city-designated funds toward the project; City Planner Lassonde said Nicollet County will consider funding at an upcoming meeting.
City Planner Lassonde told the Council that Southwest Minnesota Housing Partnership had presented at a recent work session and that staff recommended committing up to $130,000 in city-designated funds to support a community land trust application. Council Member Peterson asked whether Nicollet County had committed funds; Lassonde said the County would consider the proposal at its next meeting. The Council adopted Res. No. 62-26 recognizing that the project will meet and identify housing need and committing City support as described.
Why it matters: Community land trusts can preserve long-term affordable housing options; the City’s financial pledge is intended to strengthen a regional application and help identify local housing need.
Next step: The County’s action may affect final funding; staff will return with any additional commitments or conditions.
