The Red Wing Housing and Redevolpment Authority has been very active this year.
Kurt Keena, Executive Director, says that includes a focus on rehabilitation financing to commercial properties in the historic downtown and Old West Main Street.
Keena says there are some exciting projects going on downtown and it will bring much needed housing to the city.
The Community Development Revolving Loan and Deferred Loan Funds program is designed so that an applicant receives a loan to be paid back to the Red Wing HRA with a zero-percent interest rate coupled with a zero-percent deferred loan that is forgiven after ten years.
The maximum combined amount for the loans is $50,000. The minimum combined amount for the loans is $25,000.
Contact the HRA at 388-7571 to learn more or to obtain an application.