As announced earlier, Schuett Development LLC was awarded a Developments of Distinction Award from Novogradac & Company LLP. The Novogradac Journal of Tax Credits recognized Schuett’s Park Manor Estates II LP in Detroit Lakes, Minnesota as the “LIHTC Development that Best Preserves Existing Affordable Rental Housing.” Click here for the January 8, 2015 ceremony video.
We are proud to be a part of this exciting development!
CommonBond Communities received $10.24 million in funding from the Minnesota Housing Finance Agency. Plans to rehabilitate property along Saint Anthony Avenue in the Midway neighborhood of Saint Paul are underway for this summer 2015. Congratulations to CommonBond on this funding award! Click here for more details.
Click here to watch a video featuring Park Manor Estates in Detroit Lakes, Minnesota. Landon Group is proud to be part of this great development, preserving 97 units for low-income senior citizens.
Landon Group client Schuett Development LLC was named a winner of the 2014 Developments of Distinction Awards in the category Best Preserves Existing Affordable Rental Housing for the project Park Manor Estates in Detroit Lakes, Minn. This award will be presented at the Novogradac Tax Credit Development Conference, January 8-9, 2015 in Miami, Fla.
Congratulations to Schuett Development for this prestigious award!
Work has started at the Commons @ Penn development site, scheduled to open for business and residents in late summer 2015. Keep watching for progress updates!
Landon Group client Dean Rose thanks Governor Dayton for his commitment to $1.2M in deferred loans for the Broadway Flats development at the Minnesota Housing Finance Authority awards ceremony.
Broadway Flats is a joint project by Rose Development and Lupe Development at the corner of avenues Penn and Broadway in North Minneapolis. The development will combine commercial space with affordable housing and will have a catalytic affect for further developments in an area that was devastated by a tornado in 2011.
The Minnesota Housing Finance Agency (MHFA) announced its funding recipients on Thursday, October 23, 2014. MHFA awarded a grand total of $162 million for various affordable housing projects throughout the state of Minnesota. Click here to read more about the financial boost for these projects.
A few of Landon Group’s projects that received funding from MHFA this year include Broadway Flats, Corcoran Triangle, and Mill City Quarter of the Minneapolis area. A total list of the projects which received funding can be found here.
The Commons @ Penn affordable housing complex broke ground last Tuesday, September 30, 2014. This project by Building Blocks is scheduled to be completed by mid-2015. Click here to read the full article with KSTP news.
“Devean George’s story of a hometown boy returning to his hood to do good is inspiring and hopefully will inspire others to do the same,” said Council Member Blong Yang in an article posted by InsightNews; click here to read more.
We are excited about the progress of this development!
Former NBA player, Devean George, founder of Building Blocks, along with Wes Butler of Minneapolis Community Planning and Economic Development (CPED) interviewed with WCCO Radio on The John Williams show to talk about the Commons @ Penn Avenue project and its impact on the community. Click here to listen to the podcast!