State Representative David Bly, MN District 25B

The Minnesota Foreclosure Crisis Summit II was held on April 29th, 2008 in St. Cloud, Minnesota. Over 200 housing officials and community leaders from throughout Minnesota attended the event. Important new foreclosure data and best practices for responding to foreclosures were presented by a series of non-profit and government leaders. During the summit, The Greater Minnesota Housing Fund (GMHF) along with Housing Link, released a sobering study on foreclosures in Minnesota. They expect 28,000 home foreclosures in Minnesota this year, up 39% over last year as reported by the Star Tribune. The greatest increase in foreclosures is again primarily in Greater Minnesota, as they were in 2007, and specifically in Mahnomen, Clearwater, Scott, and Watonwan counties.

The full report can be found on the Greater Minnesota Housing Fund’s website