Forwarded on behalf of list member Gregory Luce... The NRP Policy Board today unanimously approved 7 of 10 proposals vying for $4 million in NRP Affordable Housing Reserve Funds.
The winners: Jeremiah Program: 1510 Laurel Avenue (Loring Park)/ $1,000,000. Developer: Jeremiah Program. Project: $4-million, 21-unit expansion of existing residential facility for single mothers and their children (all units presently proposed as affordable to families at 30% MMI). East Phillips Commons, Phase I: 29th Street and Bloomington (East Phillips)/$515,000. Developer: Sherman Associates. Project: $5.4 million construction of 28 unit apartment building and 4 live-work owner-occupied units (all units proposed as affordable to families at 50% MMI. Site assembly not complete and $1 million budgeted for acquisition and demolition). Lofts on Arts Avenue: 18th Street and 3rd Avenue (Stevens Square)/$490,000. Developer: Brighton Development Group. Project: $6.9 million construction of 36 units of owner- occupied housing, 7-1BR, 27- 1+ BR, and 2- 2+ BR. (7 of 36 units--all 1 BR's-- affordable for persons at 50% MMI, and length of affordability somewhat short). Olson Towne Homes: 501 Girard Terrace (Harrison)/$555,000. Developer: Community Housing Development Corp. Project: $1.9 million rehab of 92 unit scattered site development built in 1956 (all units proposed affordable to persons at 30% MMI). Lamoreax Expansion: 706 1st Avenue North (Downtown West)/ $400,000. Developer: Central Community Housing Trust. Project: $5.9 million 39 efficiency unit three story expansion of existing Lamoreaux Apartments in downtown (20 efficiency units affordable at 30% MMI, 19 efficiency units affordable at 50% MMI). Village In Phillips: 24th and Bloomington (East Phillips)/ $360,000. Developer: Powderhorn Residents Group. Project: $6.2 million construction of 28 three BR owner occupied townhomes (8 of 28 units affordable at 50% MMI, though long- term affordability of these not assured--community land trust model mentioned. Site assembly not complete with nearly $1 million budgeted for acquisition/demolition/relocation). Senior Housing: 1900 Central Avenue NE (Holland)/$624,000. Developer: Volunteers of American Minnesota. Project: $6.5 million 51 unit mixed income, mixed use senior housing construction (no units affordable to persons at 30% MMI, 10 of 51 units affordable at 50% MMI). Three proposals were rejected, including the Urban Village proposal in Lowry Hill East (disqualified for failing to meet minimum requirements of fund program); the Ventura Village Carriage House Program ($1 million request to subsidize 50 carriage houses did not meet threshold point system criteria); and the 17th Street Development in Elliot Park ($400,000 request did not score minimum points for criteria). Gregory Luce Project 504/Minneapolis (North Phillips) _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
