Street E Townhomes

The City of Jackson has been reporting housing shortages as a major impediment to securing labor for their primary employer, AGCO, a multinational corporation with North American headquarters in Jackson.

Over the past decade, the county has added nearly 2,000 residents and in 2013 AGCO announced a $42 million expansion. Several employees commute from South Dakota, Iowa, Mankato, Albert Lea, and Worthington, a neighboring city that has also been experiencing a housing shortage for many years. As a result, Southwest Minnesota Housing Partnership has proposed to develop a 48-unit rental townhouse development in Jackson.

Notably, the developer will use a modular townhome design, a method they successfully used for another development that reduced foundation and construction costs. The state will contribute significant funding sources as the project is a perfect candidate to meet statewide workforce housing needs.

As a result, GMHF will not provide any 0% deferred gap funding, but it has provided technical assistance and may provide additional loan products if needed.

Archives

Categories

Colorful banner image featuring the skyline that you might typically see in a small city or town in Greater Minnesota.
Subscribe to Updates

Contact

Greater Minnesota Housing Fund
332 Minnesota Street
Suite 1201-East
Saint Paul, MN 55101

Main 651.221.1997
800.277.2258
Fax 651.221.1904
info@gmhf.com

GMHF is a Partner You Can Trust

MENU