EDA helps Lutsen workforce rental housing project meet funding gap

The Cook County/Grand Marais Economic Development Authority is involved in a number of housing projects, including a workforce rental housing project in Lutsen. The apartment complex has been dubbed the "Four Directions Dwellings" and will ultimately provide 16 rental units. The EDA is working with One Roof Community Housing, which is actually the developer of the project.

There have been a number of starts and stops for the development, as One Roof and the EDA have worked to obtain funding through a variety of housing sources. Because of unexpected development costs, there is a budget shortfall and One Roof Community Housing is seeking more funding to ensure a successful project. At the September 18 EDA meeting, One Roof asked the EDA to contribute $75,000 to the project. 

EDA President Howard Hedstrom explains the finances of the Lutsen project--and others--in this interview with WTIP's Rhonda Silence.