MMCDC receives $2.2 million mortgage award
Midwest Minnesota Community Development Corporation has received a $2.0 million award from the U.S. Department of the Treasury to help stimulate the sale of homes in rural Minnesota, particularly foreclosed properties.
FHLB Des Moines awarded MMCDC $250,000 in Affordable Housing Program grant funds to help qualified buyers access downpayment and closing cost assistance when purchasing foreclosed properties.
The $2.0 million award was made possible through the American Recovery and Reinvestment Act and the Community Development Financial Institutions Fund.
Those interested in purchasing a home in the community, contact Kathy Misson, vice president, Mortgage Lending, Midwest Minnesota Community Development Corporation, 218.847.3191, or www.mmcdc.com.