Affordable Workforce Housing in NYM
The New York Mills Workforce Housing Partnership has been working to determine if it should put together an application for the upcoming Greater MN Housing Fund grant cycle. This collaboration started in November with participants from City Government, Local Financing, Community Orgs, Local Businesses along with reps from both Greater MN Housing and MN Housing Finance Agency attending a meeting at OTWCAC.
The decision was made to conduct a survey to see what type of housing was needed to accommodate the workforce and other residents interested in living in NYM. The survey (NYMWFHP Survey) was created, delivered and received with much support in December. We had a terrific response.
Quick summary: 2614 surveys out (1000 in the paper), 153 surveys in (10 from the paper). 48 replying they want to move to NYM. See survey summary NYMWFHP Survey Summary .
Many respondents are interested in Saving for Downpayment, Homebuyer Eduation and Financial Literacy . Since homeownership is one of the best asset building vehicles out there, it is critical to help as many people who want to own a home become mortgage ready as this will go a long way towards reducing poverty. Stay tuned for more information as it becomes available.