Housing Revolving Loan Fund

MIDAS Board of Directors recognizes that housing issues are the same throughout the region. The lack of available housing continues to be a significant need in the region.  The development of new, affordable housing presents a difficult challenge for developers and home builders. The costs of both materials and on-site construction have inflated new house prices, pushing sales prices out of reach for most moderate-income families. The purpose of the MIDAS RLF is to support housing activities by providing financial assistance to cities, counties, developers and home builders to construct new, and reconstruct/repair to existing single-family and multi-family units within the region. Also, providing low-interest loans for development of new housing lots. By providing this funding, MIDAS hopes to assist in the creation of housing opportunities necessary to support the additional labor force needed for continued economic growth. 

MIDAS Housing RLF Application