Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Housing.development topic
No spam. Unsubscribe anytime.
Habitat for Humanity outlines options to build 4—6 homes in Ladd; USDA partnership possible
Summary
Jessica Brayfield of Habitat for Humanity presented options for a 4—6-home subdivision in Ladd, described USDA-backed loan programs (a '523' family self-help loan and a '524' site loan), said volunteer labor would not fully cover construction, and advised a roughly 18-month timeline before ground-breaking.
Jessica Brayfield, executive director of Habitat for Humanity, told the March 10 board meeting that Habitat is exploring bringing a small subdivision to Ladd of roughly four to six homes or duplexes, and that the organization is working with USDA programs to support development. Brayfield described two financing paths: a 523 family self-help loan aimed at low-to-moderate-income families and a 524 site loan that would allow purchases by a broader pool of buyers; she said neither option guarantees construction solely by volunteers and estimated about 1.5 years before a shovel is in the ground if the village elects to proceed.
Brayfield provided informational packets and invited the village to identify parcels or farmers willing to discuss selling land; she encouraged trustees to review options and follow up when they have direction. No formal vote or commitment was taken; the board received the information and will consider next steps if members choose to pursue property discussions or make referrals.
