- Project Name: Midway Village
- Client: Episcopal Homes of MN
- Landon Group Role: Secure financing; draw management
- Address: 1890 University Avenue West, Saint Paul
- Project Cost: $48 million
- Financing: 501(c)(3) Tax-Exempt Revenue Bonds – Public offering; HUD 202 Capital Grant; Deferred financing from Minnesota Housing, City of Saint Paul, Ramsey County, Metropolitan Council, and MN Dept of Employment & Economic Development; Owner Capital Campaign
- Project Size: 174 new affordable rental units for seniors
- Contractor: Benson-Orth Associates
- Architect: Trossen Wright Plutowski, PA
Episcopal Homes has been providing housing and care to seniors in Saint Paul for 118 years. A respected leader for its innovative and high quality facilities, Episcopal Homes has designed an ambitious development that will address the rapidly growing senior housing needs of its community. Midway Village was recognized by Finance and Commerce in its “Top Project Series” for 2014.
The expansion features four different types of housing:
- 20 units of Memory Care, designed for residents with Alzheimer’s disease or other memory impairments. These units follow the “Green House” model, an emerging form of care on the national scene where each house has 10 residents and where the “universal worker” model is fully employed.
- A Skilled Nursing Facility of 40 units will also follow the Green House model and will be for private pay and for those on Medical Assistance.
- 64 units are “Catered Living Units,” responsive to the needs of the person. They can purchase as little or as much care as they need, adjusting as the years go by with increasing frailty – from meals to housekeeping to home care, etc.
- 50 units for independent, low-income seniors funded by a HUD 202 capital grant for the construction, followed by a 40-year Project Rental Assistance Contract grant from HUD for ongoing operational cost needs. This allows resident to pay no more than 30% of their income for rent.
The Catered Living units opened for occupancy in November 2014; the HUD 202 units were completed in December 2015 and the Green House in February 2015.