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Faribault County approves $92,274 in housing trust awards for seven rehab projects
Summary
The Faribault County Board approved Resolution 26-CB-21 authorizing up to $92,274.13 from the Local Housing Trust Fund for seven residential rehabilitation forgivable loan/grant awards, administered by the county EDA under Minnesota statutes.
The Faribault County Board of Commissioners on June 2 approved Resolution 26-CB-21 to release Local Housing Trust Fund (LHTF) monies for residential rehabilitation forgivable loan/grant awards totaling $92,274.13. The board record says the Faribault County Economic Development Authority (EDA) reviewed seven applications on May 19, 2026, and approved awards for all seven applicants; the county board authorized the County Auditor-Treasurer and EDA staff to process disbursements.
The resolution cites Minnesota Statutes sections 462C.16 and 462A.201 as the enabling authorities and states any unused funds will remain in the LHTF for future eligible housing activities. Commissioners Groskreutz and Paschke moved and seconded the motion to approve the resolution; the motion carried (resolution adopted June 2, 2026).
