They are searching for Thief River Falls families who want the “American Dream;” a newly constructed home of their own with a down-payment of only five hundred dollars, an affordable mortgage and no special assessments in a brand new, bike pathed neighborhood.
If it sounds impossible; Jeff Fagerstrom, with Northwest Minnesota Housing, says they’ve already done exactly that for four local families and are now looking for ten more, as part of a plan to support local industry and create affordable workforce housing in a charming new neighborhood on East Greenwood.
A number of agencies including Northwest Minnesota Housing, the City of Thief River Falls, Pennington County and the Thief River Falls School District have come together to help write down the cost of the down-payment, with abatement of special assessments on all new infrastructure, to create family homes at rental-rate-monthly-mortgage payments with more than 60 floor-plans and options to chose from with a model home now on display.
The program is called Building Better Neighborhoods, with Phase One complete, but to continue into Phase Two, Fagerstrom says they need 10 more families on a list of potential applicants and it is an easy call; 681-2340
Workforce housing was recently listed as the number one concern of employers dealing with a labor crisis statewide. Fagerstrom says, in Thief River Falls, city leaders have worked hard on creative options that make the “American Dream” affordable to everyone.