Parkview Apartments

1201, 1121 12th Avenue North & 1221 Banneker Ave N, Minneapolis, MN

Project Type: New Construction

DETAILS:

Project Stage: Completed

Size: 223 Project-Based Section 8 units across 4 buildings

Year Constructed: 2021

Developer: DeSola Development Associates (Park City, Utah)

Project Cost: $43.7 million

Funding Sources: 4% LIHTC, commercial mortgage

Landon Group role: Compile and submit applications for 42M and 8609 approvals

The rehabilitation of Parkview Apartments, originally constructed in 1972, in North Minneapolis ensures that its 223 project-based section 8 units will remain as an affordable housing option for residents for decades to come. Its large family housing units are situated in a convenient mixed residential and commercial neighborhood in Minneapolis.