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Commission approves Joint Powers Agreement for Minnesota City Participation Program
Summary
Traverse County approved a Joint Powers Agreement with Minnesota Housing—Minnesota City Participation Program so Stevens County HRA can apply on the county’s behalf to access first-time and refinancing loan programs; vote was 4-0.
County Coordinator Lisa Zahl told commissioners that Stevens County HRA offered to apply for participation in the Minnesota City Participation Program on Traverse County’s behalf. The program provides loan products for first-time and repeat homebuyers and refinancing options intended to increase housing affordability.
Commissioner Dwight Nelson moved to approve the Joint Powers Agreement between Traverse County and Minnesota Housing – Minnesota City Participation Program, Commissioner Chad Metz seconded, and the board approved the agreement 4-0. The board's approval authorizes Stevens County HRA to pursue program participation and related loan programs for county residents.
