Met Council grants help developments become shovel-ready
[Originally published by Metropolitan Council: View Source]
The Metropolitan Council in September approved $1,050,000 in Livable Communities Act predevelopment grants for seven projects in five cities and one $50,000 grant for policy development...
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JO Cos. proposes affordable apartment complex on Penn Avenue in Richfield
[Originally published by Minneapolis / St. Paul Business Journal, written by Alyxandra Sego: View Source]
Twin Cities housing developer JO Cos. wants to build an affordable apartment complex on Penn Avenue in Richfield. The firm's proposal is for approximately 40 affordable units to be built at 6501 Penn Ave. S., currently a vacant lot that has been owned by the Richfield Housing and Redevelopment Authority (HRA) since 2018. JO Cos. CEO Johny Opara presented his preliminary plans to Richfield City Council, HRA and Planning Commission during Monday’s hearing...
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Low-cost housing pitched for key Richfield corridor
[Originally published by Finance & Commerce, written by Brian Johnson: View Source]
Like other metro-area cities, Richfield has identified a need for more affordable housing, larger rental units suitable for low-income families, and investments in key corridors. A local developer’s pitch for a city-owned site in the heart of town could check all three boxes...
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