EDA remodels first-time homebuyer loan
NEW ULM – First-time homebuyers will still be able to take advantage of the New Ulm Economic Development Authority’s (EDA) Homebuyer Assistance loan program, but it will likely see an update. Tuesday, the EDA held a work session to review its Homebuyer Assistance program. Since the start of the year, the EDA board has begun reviewing each of its loan programs to determine which need to be updated or outright eliminated, based on recommendations from a consulting group. The EDA first began offering the Homebuyer Assistance Loan Program in 2019. The program offers zero-percent ...