tax increment financing

15th Street Flats expected to break ground next month

August 24, 2018

15th Street Flats expected to break ground next month
WILLMAR—The way is clear for Commonwealth Development to break ground 15th Street Flats, the new multi-unit housing project which will offer 47 apartments for a wide range of Willmar renters. The Willmar City Council this week approved the tax increment financing development agreement between the city and developer, the last step before construction. “They hope to break ground next month,” said Bruce Peterson, Willmar Planning and Development Services director, speaking at Monday’s

Council supports new workforce housing project in Willmar

June 5, 2018

Council supports new workforce housing project in Willmar
WILLMAR—A resolution of support from the Willmar City Council will be added to the tax credit application being submitted to the state by the Southwest Minnesota Housing Partnership. The group hopes to construct a 72-unit multi-family housing project on the north side of Willmar, near the MinnWest Technology Campus. The council passed the resolution at Monday’s council meeting, after hearing a presentation on the project during the work session. The resolution passed 5 to 1, with Councilor

Willmar housing project clears a final hurdle

February 23, 2018

Willmar housing project clears a final hurdle
WILLMAR—With the approval Tuesday night of a tax increment financing district, the 15th Street Flats apartment project in Willmar has cleared one of its last hurdles and is now on schedule to begin construction in June. “The city and the EDC have been working with Commonwealth Development for approximately a year to bring this project to the table, to fruition,” said Bruce Peterson, Planning and Development director. The resolution creating the district was approved by the Willmar City