Council awards more than $5 million to local communities to expand affordable housing.

Posted In: Communities, Housing, Planning
Date: 2/5/2018

The Metropolitan Council has approved more than $5.2 million to four Twin Cities metro area communities to support development of affordable housing. Livable Communities grants support job growth and economic opportunity, as well as leverage millions in private investment.

This is the second round of Livable Communities grant awards in 2018, going to projects in Minneapolis, Saint Paul, Roseville, and Minnetonka.

"For more than two decades, the Livable Communities Grant Program has turned polluted land across the Twin Cities into fertile ground for economic growth and opportunity and invested in our local communities,” said Governor Mark Dayton. “These grants will create 70 jobs and support the development of more than 560 new units of housing.”

“Investing in local communities is one of our most effective ways to support the creation of affordable housing,” said Council Chair Alene Tchourumoff.

“The Council investment will help to create more than 350 units of affordable housing, increase the net tax capacity by nearly $832,000 and leverage more than $12 million in other public funding and more than $146 million in private investment. I’d say that’s an excellent return on investment,” Tchourumoff said.

Grants

  • The Mariner, Minnetonka - $1,876,500 towards a mixed-income housing development near the Green Line Extension Opus station.

  • Mino-Bimaadiziwin, Minneapolis - $1.8 million towards development of affordable apartments with community wellness and office space. The Council recently awarded a grant for brownfield clean up at the site.

  • Penn Avenue Union, Minneapolis - $1,069,819 towards a mixed-income, mixed-use development near the future C-Line Penn Avenue/Golden Valley Road station, which includes residential units, commercial space, a restaurant and youth after-school programming.

  • Pioneer Press, Saint Pau l - $250,000 towards renovation and conversion of the former Pioneer Press building into 143 affordable apartment units with a teen tech center, run by the YMCA, and future retail space.

  • Edison, Roseville - $248,288 towards development of a mixed-income community for veterans and people who previously experienced long-term homelessness.

The Council typically awards communities throughout the metro area about $12 million a year for brownfield clean up, affordable housing and models of mixed-use and transit-oriented development, promoting job growth and economic opportunity.

More about the Livable Communities program and grants.

 

Posted In: Communities, Housing, Planning

Tags: grants, brownfields, Livable Communities, Housing, equity, opportunity, investment

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