CHEDA Board says selling the house is most important, not maximizing the bottom line
Once the house built by the 2015-16 Crookston High School Construction Trades class sold and all of the bills were paid, the program that year – a partnership between the school district and Crookston Housing & Economic Development Authority – made a profit of around $7,000. Financially speaking, it was one of the program’s most successful years in memory, and CHEDA and the school district split the profits.
The 2016-17 house that teacher Travis Oliver and his CT students are currently finishing up on Barrette Street has already been sold and likely will make a tidy little profit, too, which the two collaborating entities will likely share once again.
But could the program be more profitable? Should it be a goal to make the program more profitable?
That’s a question CHEDA Executive Director Craig Hoiseth poised to his board of directors this week, after he said school district officials asked CHEDA staff to go through the program’s budget and other numbers to see what works, what doesn’t work, and what could possibly work better to potentially generate a larger profit.
Board members were leery about tinkering with a program that seems to have found its footing once again in recent years, and said they’d prefer to maintain the status quo for the foreseeable future.
“The program’s working; I don’t know why we’d want to change it,” Craig Morgan said. “It was their program, and we kind of came in as the white night. They have all…
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