Housing Choice Finance Case Studies

These case studies explore options to bring land and home prices within reach for local residents. It is important to understand how to use local public financing tools to facilitate private development as well as to leverage state, county, regional and non-profit financial resources.

Click on one of the photos below to learn more about each case study.

2700 University

At 2700 University Avenue, on the seam between Minneapolis and St. Paul adjacent to the Westgate light rail station, a Central Corridor project combines affordable and market-rate housing.

Grow Perham

In 2007, a group of Perham business owners and corporate executives got together to talk about the shortage of housing for the workers they needed. The group called themselves "Grow Perham" and has financed the construction of 10 apartment buildings in Perham offering a total of 156 apartments and housing over 220 people.

Elevate @ Southwest Station

Elevate @ SouthWest Station will be a vertically integrated mixed use development on currently underutilized parcels just east of the existing SouthWest Station bus facility and future LRT station.

Arlington Gardens

Greater Metropolitan Housing Corporation (GMHC) provides high-risk predevelopment loans to organizations which assist in the development of quality affordable housing. These loans cover expenses such as architectural fees, environmental and soil testing, land costs, consultants, etc., as well as bridge loans. GMHC also administers the funding during the predevelopment phase.

Chasewood Townhomes

Development of affordable housing doesn't stop once the last brick has been set in place. The ability to keep units affordable for the long term can be a struggle even the largest government agencies can't successfully win.

Dakota Heights

Dakota County CDA has experienced great success by using a variety of methods to build and sustain affordable housing. The CDA uses levied funds for its Senior Housing Development Program. Levied funds are used for development related expenses including land and construction costs, as well as for debt service on the bonds issued to finance the buildings. What makes this program noteworthy is the buildings are owned and managed by the CDA.

Glendale Place Senior Housing

Glendale Place is a 62-unit building in the City of Savage that provides affordable senior housing using bonds provided by the Scott County HRA and a land swap with the City of Savage. To make the project a reality County HRA bonds were sold with the city's General Obligation (G.O.) bond backing because it has no taxing authority of its own. The city's general obligation pledge lowered the borrowing rate which results in lower costs of the overall project.

Golden Valley Town Square

Golden Valley Town Square is a 13-acre redevelopment project that exhibits all the characteristics of how redevelopment can include affordable housing along with a variety of land uses. The project includes town homes, stacked condominiums, rental apartments, and 38,000 square feet of office and retail space.

Kingsley Commons

The Affordable Housing Incentive Fund (AHIF) Program was created by the Hennepin County Housing and Redevelopment Authority Board of Commissioners to work with municipalities, other government and nonprofit agencies to encourage the preservation and creation of long-term affordable housing throughout Hennepin County.

The Overlook

The project site is a 3.8-acre site located on the south side of Minnetonka Boulevard, directly west of Highway 169. It is comprised of: (1) property owned by Tonka on the Creek, LLC (2) vacant property owned by the city, which the city has previously indicated a willingness to sell for redevelopment purposes; and (3) undeveloped right-of-way.

River North Senior Apartments

This development provides affordable housing for tenants over the age of 55 who income-qualify, earning no more than 60% of the Area Median Income.

River Oaks Landing: Fergus Falls

River Oaks Landing, an apartment complex for adults 55 and up, is set on the picturesque Otter Tail River in Fergus Falls, Minnesota.

St. Louis Park

The St. Louis Park – "Live Where you Work Home Ownership Program" provides eligible employees of St. Louis Park businesses with a $2,500 forgivable, deferred loan towards the purchase of a home within the city. Employers are encouraged to make a matching contribution towards these loans.

Western U Plaza

A model for equitable TOD that preserves a historic structure and adds new affordable multifamily housing units, commercial space and community space on a 1.6 acre site. Located at the intersection of University and Western Avenues, the former Old Home Foods property occupies an important piece of real estate in St. Paul along the new light rail transit Green Line.

West Ridge Market

West Ridge Market in Minnetonka represents a mix of housing styles and prices with linkages to jobs, transportation, services, and recreation within a compact, mixed-use neighborhood. The 418 new housing units provide a mix of rents and prices, serving those from very low to higher incomes. In addition, 256,000 square feet of commercial space provides jobs and shopping.