Hibbing HRA selected for funding for $24.5 million project for final phase of major housing development
Dec. 29, 2025
For immediate release
Hibbing HRA selected for funding for $24.5 million project for final phase of major housing development
HIBBING – The Hibbing Housing & Redevelopment Authority (HRA) has been selected for funding of a $24.5 million project in Minnesota Housing’s 2025 Super RFP to complete the final phase of a major housing redevelopment project that will replace deteriorating public housing with modern, energy-efficient housing.
The award of 9% tax credits by the Minnesota Housing Finance Agency (MHFA) supports Phase 2 of the Greenhaven redevelopment known as Missabe Manor, a 48-unit workforce housing development.
Combined with Phase 1 funding awarded in 2024 for Cobb Cook Place, this project will fully replace the aging Greenhaven Apartments with 100 new affordable housing units.
Minnesota Housing cited strong local commitment, the City of Hibbing’s partnership and having a clear plan as key factors in the award. The city will contribute the project site and is committed to road and utility development as well as environmental remediation.
Being selected for a second consecutive year is a huge win for Hibbing, opined Hibbing HRA Executive Director Jackie Prescott.
“This selection represents far more than a construction award — it reflects a shared commitment to replacing aging housing with safe, modern, and energy-efficient housing.” she said.
“Missabe Manor and Cobb Cook Place will complete the Greenhaven Apartments Redevelopment Project, delivering high quality housing, which will replace the current outdated housing at Greenhaven Apartments and move into modern, sustainable and efficient housing our families deserve.”
Phase 1 of the project, selected in December 2024 through Minnesota Housing’s Super RFP, will result in 52 new units known as Cobb Cook Place. Rent subsidies from the existing Greenhaven Apartments will be transferred to the new development to ensure long-term affordability and financial stability. Groundbreaking for Phase 1 is anticipated in spring 2026.
Phase 2 funding will allow the remaining 48 Greenhaven units to be replaced through the three-story development Missabe Manor, completing the full redevelopment plan. Once both phases are constructed, the existing Greenhaven Apartments will be decommissioned and demolished, eliminating obsolete structures and long-standing maintenance challenges.
This latest round of funding for Missabe Manor comes with a commitment of more than $3.3 million from local resources, including the City of Hibbing, St. Louis County, Iron Range Resources & Rehabilitation (IRRR) and HRA of Hibbing.
“These investments — local and statewide — show that our partners believe in this project and in Hibbing’s future,” Prescott said. “Without the City of Hibbing’s support, this project wouldn’t have scored competitively enough to move forward. Replacing 100 aging units with high-quality workforce housing isn’t just construction — it’s overdue progress for our community.”
Mayor Pete Hyduke concurs, adding that this funding represents far more than a construction award — it reflects a shared commitment to replacing aging housing.
“Housing is foundational to a strong community, and this project shows what can happen when the City and HRA work side by side,” he added. “By committing local resources and planning for the long term, Hibbing demonstrated that we are serious about reinvesting in our housing stock and supporting families and our workforce.”
Cobb Cook Place will locate in the 4000 block of 5th Avenue West. Missabe Manor will be located east of Cobb Cook Place. Occupancy is slated for summer of 2027 for Cobb Cook Place, followed by groundbreaking for Missabe Manor in Spring 2027 and occupancy in summer 2028.
“This investment is about people — about ensuring residents have safe, affordable homes they can be proud of,” said Hyduke while also acknowledging the city council’s support.
“We’re grateful to Jackie Prescott for her passion, commitment and fortitude in moving this important project forward, and to Minnesota Housing for recognizing Hibbing’s commitment.”
Prescott said this reinforces to residents — and to future funders — that Hibbing is a serious, capable partner.
“We’re looking forward to getting this underway next spring,” she added. “We’re not just replacing buildings — we’re strengthening neighborhoods and setting the stage for Hibbing’s future.”
The Missabe Manor project is part of a broader statewide investment announced by Minnesota Housing, which awarded more than $166 million to housing developments across Minnesota to address housing shortages, preserve affordability, and support economic growth.
Breakout:
· Phase 1: Cobb Cook Place -
o 52 units funded in 2024
o Estimated Project Cost: $26.7 million – Funded through 9% tax credits, state and local sources and a mortgage.
o Will break ground in 2026
o Occupancy in 2027
· Phase 2: Missabe Manor -
o 48 units funded in 2025
o Estimated Project Cost: $24.5 million -Funded through 9% tax credits, state and local sources and a mortgage.
o Will break ground in 2027
o Occupancy in 2028
· End result: 100 modern, energy-efficient replacement units