Finance & Commerce: Rebuilding in Greater Minnesota

EXCERPT: “Like many Minnesota communities, the southwest Minnesota town of Windom has a shortage of homes for sale at a time when more housing is needed to keep businesses and the local economy humming. Homes for workers are at a premium, but the Cottonwood County city of 4,400 residents needs to expand and preserve its housing stock across the spectrum, said Drew Hage, Windom’s economic development director. By way of example, the city has a mere 15 homes on the market at a time when there should be 50 homes for sale to maintain a healthy vacancy rate, Hage said. A new 45-unit apartment building, he added, was filled to capacity within a month of being completed last fall. ‘Housing is our top issue for economic development, because we have business growth, we have industrial growth. It’s just trying to get additional housing,’ Hage said in an interview. To that end, Hage said, Windom is welcoming Rebuilding Together Twin Cities, which recently announced plans to enter the southwest Minnesota market. Besides the Twin Cities, the nonprofit will now serve Cottonwood, Jackson and Nobles counties. ” FULL STORY: