STORIES OF IMPACT AND PROGRESS ON MINNESOTA’S SIX HOUSING GOALS
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New Companies Pursue Cost-saving Innovations in Construction
Story of Impact submitted by Rise Modular for Minnesota’s Housing Scorecard Feb. 2020 Housing Goal Three – Build More Homes Rise Modular began renovating a plant in Owatonna in the fall of 2019 to produce modular apartments and hotels under factory conditions, enabling cost reductions and faster speed to market. This type of ingenuity will…
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2,300+ Units of Naturally Occurring Affordable Housing (NOAH) Preserved
Story of Impact from Minnesota’s Housing Scorecard, Feb. 2020: Housing Goal Two – Preserve the Homes We Have A new focus on preservation has saved more than 2,300 units of NOAH in the last four years alone and progress is accelerating. Nonprofit partners, including Greater Minnesota Housing Fund, Aeon, CommonBond Communities, Real Estate Equities, and…
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LISC Uses Largest Loan Package Ever in Twin Cities to Preserve 834 NOAH Units in Brooklyn Park
Shared by Peter McLaughlin, Executive Director LISC Twin Cities Housing Goal Two – Preserve the Homes We Have In late January, Local Initiative Support Corporation (LISC) used its largest loan package ever in the Twin Cities — $76.6MM — to finance Aeon’s acquisition of 834 units of Naturally Occurring Affordable Housing (NOAH) at Huntington Place…