HRA to seek $36,000 increase in 2019 county levy

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Funds would stabilize budget, help with demolition program
 

Swift County’s Housing and Redevelopment Authority plans to raise its levy from $90,000 this year to $126,000 for 2019, an increase of $36,000.

Part of the reason for the increase is the uncertainty of one of its funding sources. The HRA has gotten an average gross income of $29,750 annually from shares the county owns of the Chippewa Valley Ethanol Company (CVEC.) However, out of that payment it has had to pay its corn pool expenses to provide corn to CVEC.

The net revenues it gets from its CVEC dividend have been very good some years and in other years almost nothing, HRA Executive Director Vicki Syverson says. That makes it hard on budgeting and programs. Syverson adds that the levy increase is needed.

“In the future, 2019 distributions, and beyond, can be used for program development – updating the housing study, offering low income loans to households that are ‘over income’ to be eligible for grants, offering a local source of leveraged funds to improve future grant applications, and possibly rehabbing and selling tax forfeiture houses for first-time homebuyers,” Syverson told the Monitor-News Monday.  

Additional funds could also go toward the Swift County HRA adding funding for demolition efforts, she said.

The Swift County HRA conducts its demolition program is to “re-energize county neighborhoods through blight elimination while enhancing health, safety and general welfare of the community.”

Dilapidated homes, garages, and businesses are not only an eyesore, they pose a public health hazard to the community....

 

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