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Rivertown Court Aims to Meet Senior Housing Demand

HASTING, MN-The 63-unit senior housing complex underscores the shortage of senior housing and affordable housing in Dakota County, one of the fastest growing in Minnesota. The project is part of the county's senior housing program and is being built by CBS Construction.

By Jim McCartney | Updated on February 07, 2005

HASTING, MN-Rivertown Court, a 63-unit multifamily rental complex under construction, underscores the rising demand for senior housing, according to the Dakota County Community Development Agency. Dakota County, the third largest in Minnesota with about 400,000 residents and one of its fastest-growing counties, also has about 65,000 residents who are 55 years old or older.

In the next 15 years, that number is projected to double, according to state demographers. By the end of 2005, the county will be home to 1,079 senior residences — but that falls far short of demand. The typical wait these days for senior housing in Dakota County can be from one year to four years, so county officials are already pursuing such options as senior co-operatives, condominiums, one-level town homes. The DHASTING, MN-Rivertown Court, a 63-unit multifamily rental complex under construction, underscores the rising demand for senior housing, according to the Dakota County Community Development Agency. Dakota County, the third largest in Minnesota with about 400,000 residents and one of its fastest-growing counties, also has about 65,000 residents who are 55 years old or older.

In the next 15 years, that number is projected to double, according to state demographers. By the end of 2005, the county will be home to 1,079 senior residences–but that falls far short of demand. The typical wait these days for senior housing in Dakota County can be from one year to four years, so county officials are already pursuing such options as senior cooperatives, condominiums and one-level town homes. The Dakota County Commission recently agreed to borrow up to $14 million for the new housing sites.

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