Development agreement
728 East Division Street, Faribault County, MN
4/ 5
High impact
Bedrock impact score
Action type
Development agreement
Asset class
Multifamily / Residential
Status
On municipal record
Filed
2026-07-13
Jurisdiction
Faribault County, MN
Days on record
19 days
01Investment highlights
Why this deal matters
- Development agreement in Faribault County, MN · Multifamily / Residential
- Bedrock impact score 4 of 5 — High impact
- The HRA is actively building a construction loan program
- Early movers who engage now can shape terms and position for publicly subsidized financing on local residential development.
- On the municipal record 19 days (filed 2026-07-13)
02Deal summary
The rationale
The HRA is actively building a construction loan program — early movers who engage now can shape terms and position for publicly subsidized financing on local residential development.
Faribault County HRA is discussing creation of a construction loan program and amending Resolution 2026-13 to clarify the land transfer and construction timeline for a project at 728 East Division Street, tied to a Chamber Trust loan request.
03Deal facts
The filing record
- Jurisdiction
- Faribault County, MN
- Action type
- Development agreement
- Asset class
- Multifamily / Residential
- File number
- #2026-19
- Applicant
- Chamber Trust
- Status
- On municipal record
- Filed
- 2026-07-13
- Days on record
- 19 days
04Location
Where this sits
728 East Division Street, Faribault County, MN
44.29076, -93.25707
Street view
At street level
Area demographics
Rice County
66,549
Population
$70,600
Median HH income
23,183
Households
$784
Median rent
U.S. Census · ACS 5-year
Nearby amenities
Within ~1 mile
5 Transit
14 Schools
16 Dining
6 Banks
15 Parks
Points of interest · Google Places
05Record timeline
Filing to current status
- Filed with jurisdiction2026-07-1319 days on record
- Scored by BedrockRelevance 4 / 5Automated land-use signal
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