Multifamily news in Affordable Housing - Minneapolis-St. Paul
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Dominium Begins Minneapolis Affordable Housing Development
The finish project will add 154 affordable units to Ramsey County.
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Q&A: Solving the Capital Challenge for Affordable Housing
Aeon President & CEO Alan Arthur reveals his concerns regarding the Twin Cities affordable housing market and explains how the metro could avoid a decades-long crisis.
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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.
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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.
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Aeon Opens Twin Cities Affordable Community
Situated in Minneapolis’ growing Towerside district, The Louis directly responds to the neighborhood’s lack of affordable housing.
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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.
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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.
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Minnesota Affordable Housing Secures Freddie Mac Loan
Merchants Capital secured financing for Real Estate Equities for the $20 million Technology Park Apartments in Rochester.
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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.
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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.
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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.
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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.
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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.
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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.
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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.