Affordable Housing - Minneapolis-St. Paul
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Aeon Expands Minnesota Footprint
The nonprofit purchased the second-largest affordable housing community in the state, preserving 834 low-income units.
31 January 2020 19:16 -
Upzoning: Building More to Rent for Less
A few U.S. cities are overhauling zoning rules to increase density and expand the supply of affordable housing. It might take years, however, to find out if significant improvements were made.
25 September 2019 15:45 -
Aeon Opens Twin Cities Affordable Community
Situated in Minneapolis’ growing Towerside district, The Louis directly responds to the neighborhood’s lack of affordable housing.
23 September 2019 09:34 -
Dekel Capital Arranges $41M Loan for MN Community
Central Park West includes a total of 199 units, of which six are affordable, according to Yardi Matrix data. The community is close to downtown Minneapolis.
31 May 2019 17:17 -
Affordable Senior Housing Community Opens in MN
The Legends of Spring Lake Park is close to a variety of parks, shopping venues and restaurants, and includes a mix of one-, two- and three-bedroom units.
31 January 2019 11:05 -
Minnesota Affordable Housing Secures Freddie Mac Loan
Merchants Capital secured financing for Real Estate Equities for the $20 million Technology Park Apartments in Rochester.
02 January 2019 14:53 -
Nonprofit Breaks Ground on MN Affordable Housing
Developed by Aeon, The Louis will add 70 units near the Prospect Park neighborhood. A quarter of the apartments will serve residents earning 30 percent of the area’s median income.
20 August 2018 16:06 -
Dougherty Closes Acquisition Loan for Minneapolis Asset
The company worked on behalf of the borrower to secure the 35-year term HID 223(f) acquisition and rehabilitation loan. The borrower will invest $34,000 per unit in upgrades.
02 July 2018 16:17 -
Aeon Acquires MN Affordable Community
The purchase of the 118 apartment homes in Little Canada was a joint venture which also included the NOAH Impact Fund of Greater Minnesota Housing Fund.
19 June 2018 18:15 -
Timberland Breaks Ground on MN Asset
The 222-unit Elevate at SouthWest Station Apartments, located in the Twin Cities suburbs, is scheduled for completion by August 2019.
17 May 2018 09:32 -
Dougherty Lines Up HUD Financing for Minneapolis Community
Working on behalf of Albright LP, the company has arranged an $8.5 million loan for the rehabilitation of Albright Townhomes, an 89-unit affordable housing property.
11 May 2018 15:42 -
Affordable MN Property Lands $6M Construction Loan
Dougherty Mortgage facilitated the HUD loan for the planned Thomas Avenue Flats in St. Paul. The community is expected to open in spring 2019.
10 May 2018 14:55 -
Dougherty Closes Fannie Mae Loan for Twin Cities-Area Community
The mortgage banking firm facilitated a $7.3 million loan to refinance Green Twig Villas, a 62-unit affordable housing property in Oak Park Heights, Minn.
06 March 2018 16:16 -
Mixed-Income Asset Coming to Minneapolis
Dougherty Mortgage has closed $42.8 million for Prospect Park Properties and Timberland Partners’ Green on Fourth, a 243-unit community located in the Prospect Park neighborhood.
06 February 2018 17:28 -
2 MN Communities Land $5M Fannie Mae Loan
The 16-year term loan with a 30-year amortization schedule was arranged by Dougherty’s Minneapolis office on behalf of the borrower, Amorce II Limited Partnership.
09 January 2018 21:01