EDA discusses the future of Get it Ready loan program
NEW ULM – The New Ulm Economic Development Authority (EDA) found little change in their reviewed of its Get It Ready Single Family Rehab Loan program, except maybe the program’s name. At the start of 2026, the New Ulm EDA began a year-long audit of its economic programs to determine which ones needed to be adjusted or eliminated. During Tuesday’s work session, the board reviewed the Get It Ready Rehab Loan program. Through the program, single-family homeowners could receive a 10-year loan of between $5,000 and $40,000 at 2% interest for the purpose of fixing up a home. Initially, ...


