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Press Release: Scott County Community Development Agency Announces Small Business Recovery Fund

For immediate Release                                                                      Contact: Stacy Crakes June 17, 2020                                                                                     scrakes@scottfss.org Scott County Community Development Agency Announces Small Business Recovery Fund The Scott County Community Development Agency (CDA) is launching a small business recovery fund to assist small businesses adversely impacted by the COVID-19 pandemic.  Businesses in Scott County who meet certain criteria may receive a forgivable loan up to $5,000…

COVID-19/Corona Virus Update

FLATTENING THE CURVE–as Health Organizations, State/Local governments, schools, and businesses are working to make decisions to keep our community as safe as possible we, too, strive to find the right balance of doing our work while also taking the health of our staff, clients/residents, and the public, seriously. Below are some of the steps we are taking to slow the…

Family Self Sufficiency Graduate Success!

Jamal and Muna* live in a Scott County Community with their five children, ages 6 to 17.  They have worked hard over the past 10 years to improve their economic situation and become self-sufficient.  This family started living in a CDA project-based unit in 2010, and in 2013 they were able to receive a Housing Choice Voucher, which enabled them…

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.

Accommodating 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…