Green Twig Villas I & II

13857 Upper 58th St N, Oak Park Heights, MN

Project Type: New Construction

DETAILS:

Project Stage: Completed

Size: 134 affordable housing units

Completion Date: 2016

Developer: Green Twig Villas LLP (Stillwater)

Project Cost: $26.7 million

Funding Sources: 4% LIHTC, TIF, Land loan & GROW fund deferred, HRB - direct purchase by TCF Bank

Landon Group role: 42M and 8609 applications

Green Twig Villas I and II in Oak Park Heights is an affordable senior development for people aged 55+ whose incomes are at or below 60% AMI. Combined, the Green Twig Villas buildings include 134 one- and two-bedroom units, as the fourth and fifth phases of a multifamily development that is designed to allow seniors to age in place. Nearby are market rate active, assisted living, congregate care, and memory care units.

Green Twig Villas I and II help the city of Oak Park Heights meet its goal to expand affordable options for the area’s seniors. Located less than 1/2 mile south of Highway 36, the site is surrounded by retail, healthcare, and other services easily accessed by residents.