Development News for Mounds View, Minnesota

EDA Approves Amendment to CEE Loan Agreement to Fund Emergency Home Repairs

The Economic Development Authority (EDA) approved an eighth amendment to the loan origination agreement with the Center for Energy and Environment (CEE) to include emergency repairs, such as roof or underbelly issues, as eligible expenses for the manufactured home grant program [cite: 28, 38-42]. This amendment addresses a gap identified by CEE when an applicant was denied funding due to the lack of specific criteria for emergency repairs in the existing guidelines [cite: 29, 31]. The changes add the phrase 'or city inspector' to the eligible project expenses determination and include 'safety code or emergency improvements deemed necessary by a city inspector' as an eligible expense under underbelly repair [cite: 39-42]. Additionally, the amendment clarifies that the eligible expenses are determined by a home energy squad visit [cite: 39]. A minor change was also made to clarify that the amendment covers costs exceeding the original loan or grant amount [cite: 43-44]. The EDA unanimously approved the resolution [cite: 81].