MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION
Programs
Commercial Development Loans
BUSINESS DEVELOPMENT: MMCDC PROVIDED COMMERCIAL AND NEW MARKETS TAX CREDIT LOANS TOTALING $15,611,382 IN 2023. THIS INVESTMENT IS EXPECTED TO CREATE 162 NEW JOBS. IT ALSO SUPPORTS PURCHASE, CONSTRUCTION, OR IMPROVEMENT OF 148,765 SQUARE FEET OF COMMERCIAL REAL ESTATE. 100% OF THE DOLLARS WERE INVESTED IN DISADVANTAGED COMMUNITIES, 71% IN RURAL COMMUNITIES, AND 89% OF THE BORROWERS WERE MINORITY, WOMEN, OR LOW-INCOME OWNED OR CONTROLLED BUSINESSES.GeographiesNot indicatedDatesJan 1, 2023 – Dec 31, 2023Source990No causes providedNo populations provided–$1.3MAffordable Housing Development Management
AFFORDABLE HOUSING DEVELOPMENT: WE MANAGED 266 RENTAL UNITS (28 COMMERCIAL AND 238 RESIDENTIAL) AS WELL AS A COUNTY EDA'S HOUSING VOUCHER PROGRAM, PROVIDING 57 VOUCHERS TO PEOPLE IN NEED OF STABLE HOUSING.GeographiesNot indicatedDatesJan 1, 2023 – Dec 31, 2023Source990No causes providedNo populations provided–$1.2MAffordable Housing Lending Programs
AFFORDABLE HOUSING LENDING: MMCDC PROVIDED 30 FIRST TIME HOME BUYER MORTGAGE LOANS. WE ALSO PROVIDED 11 HOME PURCHASE LOANS, 1 REFINANCING LOANS, 2 HOME IMPROVEMENT LOANS AND 19 ADDITIONAL DOWN-PAYMENT ASSISTANCE LOANS TO LOW-INCOME PEOPLE AND PLACES.GeographiesNot indicatedDatesJan 1, 2023 – Dec 31, 2023Source990No causes providedNo populations provided–$609.6K
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)