Nov. 2 housing briefs: Schwendeman attends convention
Schwendeman attends convention
Chad Schwendeman, broker and co-owner with Weichert Realtors/ Tower Properties, Baxter, was one of the several agents who attended the Weichert Realtors National Convention in Atlantic City, N.J.
The convention was Oct. 15-19. Weichert Realtors-Tower Properties participated in the Millennium Conference which includes the top 12 offices in the country each year.
Minnesota Housing awards more than $134 million
The Minnesota Housing board approved funding awards totaling more than $134 million to build, preserve and support affordable housing.
This more than doubles the amount of funding awarded in 2011, due in part to the 2012 bonding bill, which included $30 million in Housing Infrastructure bond proceeds.
“Making these smart, strategic investments in affordable housing will help ensure thousands of Minnesota families, homeless veterans, and low-income individuals have safe and decent places to live,” said Gov. Mark Dayton in a news release. “These projects will leverage hundreds of millions of dollars in additional private investment, strengthen their communities, and support more than 4,500 jobs across Minnesota. That is an investment worth making.”
Organizations receiving the funds include nonprofit and for-profit developers, community development agencies and local units of government. Each project was selected through the Minnesota Housing annual Consolidated Request for Proposals (RFP). This RFP is a national model that allows housing providers to apply for funding from a variety of sources through a streamlined single application.
The awards provide financing for affordable housing through deferred loans, amortizing loans, and housing tax credits. The investment decisions were based on the agency’s strategic priorities, including attention to geographic distribution, housing market needs, economic integration and access to transportation.
“From rehabilitating historic buildings at Fort Snelling for homeless veterans to preserving critical affordable housing in greater Minnesota, the developments selected fill critical gaps in housing and will assist nearly 3,100 households across the state,” said Minnesota Housing Commissioner Mary Tingerthal. “The commitment of the governor and the Legislature to invest in our critical housing infrastructure throughout the state continues today.”
The total $134 million in funding includes $9 million from funding partners including: Metropolitan Council, Minnesota Department of Human Services, Minnesota Department of Employment and Economic Development, Greater Minnesota Housing Fund and the Family Housing Fund (subject to approval by each organization).
View a detailed breakdown and listing of funding awards at http://www.mnhousing.gov/about/updates/index.aspx
MNCAR announces sixth annual Commercial Real Estate Expo
The Minnesota Commercial Association of Real Estate (MNCAR) will host its sixth annual expo showcasing more than 60 exhibitors known as key players in the commercial real estate industry on Nov. 8.
The MNCAR Expo will be an opportunity for commercial real estate professionals to network, learn about new opportunities and services, and explore featured projects.
To kick off the event, MNCAR will host a one-hour program entitled “Post-Election Shakedown: What will the Next Four Years Bring?” featuring panelists Kelly Doran (Doran Companies), and Tom Emmer (“Davis and Emmer in the Morning” AM1130), moderated by Tom Hauser of KSTP TV. One real estate continuing education credit has been applied for.
This year, MNCAR will also have an area dedicated to raising funds for a new fishing dock for its community partner, One Heartland - a nonprofit organization and summer camp assisting children living with HIV/AIDS.
The expo is from 3-7 p.m. at The Milwaukee Depot, 225 Third Ave. S, Minneapolis.
The program is from 3-4 p.m. with exhibit doors opening at 4 p.m. Registration begins at 2 p.m. Cost is $45 in advance and $55 at the door. Admission includes complimentary food and drinks with many prize giveaways. For more information on the MNCAR Expo, visit www.mncar.org or call 952-908-1780.