Affordable Housing

Park Avenue Apartments

Address: 2400 Park Avenue South, Minneapolis
Units: 48 rental units; 13 units designated for long-term homeless
Type: New construction
Total Budget: $11.2M
Funding Sources: Low Income Housing Tax Credits, GO Bonds, Hennepin County Affordable Housing Incentive Fund, City of Minneapolis Affordable Housing Trust Fund, State of Minnesota, Minnesota Housing Ending Long-Term Homelessness Initiative Fund, Minnesota Green Communities, Family Housing Fund, General Partner Equity
Client: Lutheran Social Service of Minnesota

Penn Avenue Apartments

Address: 333 Penn Avenue North, Minneapolis
Units: 12 units of permanent supportive housing for ex-offenders
Type: Acquisition & Rehab
Total Budget: $1.7M
Funding Sources: HUD Supportive Housing Funds, the City of Minneapolis, Minnesota Housing Finance Agency (capital and operating subsidy), Federal Home Loan Bank, Corporation For Supportive Housing, Group Residential Housing
Client: Christian Restoration Services

King’s Crossing Apartments at Frogtown Square

Address: 500 Dale Street North, Saint Paul
Units: 50 one-bedroom rental apartments for seniors
Type: New construction
Funding Sources: HUD Predevelopment Grant, HUD 202 Capital Financing, Bigelow Foundation, Federal Home Loan Bank Grant, City of St. Paul financing, US Dept. of Health & Human Services’ Office of Community Services, City of St. Paul STAR Grant/Loan, Metropolitan Council, Minnesota Department of Employment & Economic Development Grant, Ramsey County Environmental Response Fund Grant Twin Cities Local Initiative Support Corporation, Neighborhood Development Center, Greater Metropolitan Housing Corporation (GMHC), Western Bank
Clients: NEDU, LLC, comprised of Model Cities, Aurora-St. Anthony Neighborhood Development Corporation, Frogtown CDC, Neighborhood Development Center, Episcopal Homes

Castleview Apartments

Address: 120 North Broadway, Rochester, MN
Units: 32 units, including 16 reserved for long-term homeless
Type: New construction
Total Budget: $6.4M
Funding Sources: Low-Income Housing Tax Credits, Greater Minnesota Housing Fund, HUD Supportive Housing Program
Client: Salvation Army

The Greenleaf

Address: 610 28th Street West, Minneapolis
Units: 61 residential units + 8700 sqft of commercial space
Type: New construction + historic preservation/rehab
Total Budget: $17M
Funding Sources: Tax-exempt bonds, Tax Increment Financing, City of Minneapolis Affordable Housing Trust Fund, City of Minneapolis Great Streets Program, Hennepin County Transit-Oriented Development, Hennepin County Affordable Housing Incentive Fund, Met Council Livable Communities Demonstration Account, Met Council Tax-Based Revitalization Account, Hennepin County Environmental Response Fund
Client: Brighton Development

The Bridge for Youth

Address: 1111 West 22nd Street, Minneapolis
Units: 19 beds of transitional housing for homeless youth
Type: New construction
Total Budget: $7.6M
Funding Sources:
Client: The Bridge for Runaway Youth