Blog

What are Community Land Trusts?

Community land trusts, sometimes referred to as CLT’s, are a powerful means to counter to a red-hot real estate market. All too often, during times of exponential growth lower wage earners are left with few options to be able to afford a home of their own. We all know encouraging homeownership creates a variety of economic and community benefits, and…

Rural Development

The affordable housing crisis can impact those living in rural areas the hardest. Properties located outside of urban centers can often be neglected due to a lack of financial investment, as many developers are attracted to larger areas where the potential for return on investment is higher, and state and federal resources allocated to rural areas lack the level of investment needed to keep up with the growing needs. Yet, at the same time, these areas are home to some of our lowest income seniors and families.

Accomodating Growth

In the early 2000s, Scott County was the fastest growing county in Minnesota, adding nearly 5,000 jobs and experiencing a population growth of 10%. While exciting for the economy, we faced a number of factors that made this growth a challenge: 44% of households that rent are considered cost burdened. Vacancy rates below 5% indicate pent-up demand and make the…

Scott County’s FAST-TRACK Challenge

Last year at this time, Melanie Cole and Vicky DeRouchey, of Prior Lake, were busy preparing their application for the Scott County FAST-TRACK Business Challenge. This year, the co-founders of ugo wear have been busy preparing a video hoping to advance to the third round of auditions for the Emmy Award-winning entrepreneur television show Shark Tank.