Awards from the Livable Communities Fund for affordable housing went to the cities of Apple Valley and Vadnais Heights.
An award of $165,000 to the City of Vadnais Heights for the Talmadge Pointe Apartments will help develop new housing at County Road E and Talmadge Avenue as part of a 100-unit, $12.8 million development near retail services and schools.
A Council award of $150,000 for Lebanon Valley Place in Apple Valley will help develop new housing at 153rd Street and Founders Lane, near a large mixed-use development that's underway in the city's downtown.
"The Council continues to play an active role in helping communities meet the needs of local residents. This is a good investment in a critical resource and demonstrates the importance of partnerships in making any significant progress in this area," said Council Chair Peter Bell.
The Council, since 1996, has awarded $15.5 million for affordable housing projects to 47 communities, leveraging $405 million in other public and private investment.
The Metropolitan Council is the regional planning organization for the seven-county metro area.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
