Case Study: Red Wing
Red Wing, Minnesota, a town with less than 20,000 people, has created a housing trust fund in order to address the need for safe, affordable homes in rural communities. The Red Wing Housing and Redevelopment Authority (HRA) receives property tax levy funds and City Council approved their request to increase the levy amount and will allocate $96,842 of tax levy funds to the Affordable Housing Trust Fund.
Red Wing HRA plans to use the funds to increase workforce affordable housing and to rehabilitate space in second and third story buildings downtown, creating more livable opportunities.
Learn more about the Red Wing HRA Housing Trust Fund.