Source Funding: Neighborhood Stabilization Program Funds, private investment, homeowner funds, and non-profit funding.
This program leverages multiple sources of funding, and features partnership with real estate professionals, lenders, the City of St Cloud, the County, non-profit organizations, local community benefit organizations (CBOs) and State and Federal agencies.
The funds are being used for financing mechanisms for REO property purchases, REO-LMMI housing rehabilitation and VLI rental housing. At least 190 housing units will be addressed, and over $14,000,000 will be invested through NSP and partner leveraging.
The project is in a Non-entitlement County.
Guardian staff members provide grant writing, planning and leveraging expertise. This includes developing the County’s application and supporting the County through the review and approval process. Grants management will include procedures, RFQ’s, training, ENVRR, reporting and compliance monitoring throughout the program. Housing Delivery in the form of needs assessments, bidding and inspections are included.
