2107 Cedar Avenue South, Minneapolis, MN 55404
Landon Group role: secure financing, provide project management services, and coordinate underwriting and closing
Tax-Exempt Housing Revenue Bonds; TCF mortgage; 4% Low Income Housing Tax Credit Equity; Deferred financing from Minnesota Housing, City of Minneapolis, Metropolitan Council and Hennepin County; Federal Home Loan Bank; Owner equity
- 110 affordable rental units, and 16,000 square feet of Community Service Facility space
- $41.5 million total development cost
- Loeffler Construction
- Cuningham Group Architects
Red Lake Band of Chippewa Indians (RLBC) will soon break ground on a 110-unit, mixed-use development in South Minneapolis. Mino-bimaadiziwin (an Ojibwe phrase meaning “the good life”) will offer 10 studios, 15 one-bedroom, 55 two-bedroom and 30 three-bedroom apartments in a six-story building with ample green space, shared underground parking, and a complete amenity package.
RLBC will co-locate their Wellness Center and Red Lake Nation Embassy on the building’s first floor. Mino-bimaadiziwin provides mixed-use, mixed-income, workforce housing for families on a distressed site along a transit-oriented commercial corridor. Plans for the development include a walkway to access the Franklin Avenue Blue Line station for the convenience of residents and their visitors.
RLBC intentionally and thoughtfully selected this site for its first development off the Red Lake Reservation because this is where many of its members live.