Redwood Industries proposal for housing redevelopment approved by the city
In an effort to develop additional affordable housing in Redwood Falls, Redwood Industries will partner with the City of Redwood Falls to renovate two vacant structures and convert them into viable single-family housing units.
The City’s primary responsibility will be to acquire and/or transfer ownership of the two structures to Redwood Falls Industries. Redwood Falls Industries will be responsible for renovating and marketing each structure for sale or occupancy.
The property located at 400 Veda Drive is the former Seasons hospice house. The property located at 205 Veda Drive is a dilapidated home the City acquired for one dollar with the intent of demolishing the structure. By entering this partnership, the City will avoid all demolition and/or renovation costs associated with either parcel, while increasing the availability of affordable housing in the community and expanding the property tax base.
