Gus Johnson Plaza

413 North 4th Street, Mankato, MN

Project Type: Rehabilitation

DETAILS:

Project Stage: Completed

Size: 108 Project-Based Section 8 rental units

Original Construction Date: 1981

Rehab Completion: 2013

Developer: National Foundation for Affordable Housing Solutions (Saint Paul)

Project Cost: $12.6 million

Funding Sources: LIHTC, State deferred, debt

Landon Group role: Secure financing

The Gus Johnson Plaza project involved the acquisiton and rehabilitation of an aging Project-Based Section 8 building in Mankato, MN.  The project was financed with tax credits, debt, and deferred financing from Minnesota Housing.