Ending Homelessness in Minneapolis, One Apartment Building at a Time
- Jun 11, 2015
U.S. officials have been struggling with homelessness for many years, and it affects every sector of our community. According to the U.S. Department of Housing and Urban Development, nearly 600,000 people across the country are living without a permanent roof over their heads.
In the context of this crisis, developers are shifting their focus toward providing affordable housing options for those in need. In Minneapolis, UnitedHealth Group Inc. is providing $1.9 million in equity for the conversion of an apartment building at 1926 Third Ave. S. into 19 affordable housing units for those without a permanent home. Developed by St. Paul-based Beacon Interfaith Housing Collaborative, the 100-year-old apartment building will incorporate one-bedroom apartments with upgraded electrical and plumbing systems and renovated kitchens and bathrooms. The Minneapolis/St. Paul Business Journal reports that 10 of the apartments will provide support services for homeless people, while the other nine units will be reserved for tenants who earn between 30 and 50 percent of the area’s median income. Frierichs Construction Co. will handle the renovation work on the project, which is scheduled for completion in the fall of 2015.
The building will be renamed The Lonoke and is expected to provide much-needed support and care for the homeless people in Minneapolis, whose numbers are growing at a worrying pace. Funding for the project is being provided with the support of state and local housing funds, private contributions and other community partners through tax credit financing, according to a news release.
Image courtesy of Greg Page via the Beacon Interfaith Housing Collaborative