Nolte River Place Apartments

5th Avenue South & Grant Street, Anoka, MN 55303

Project Type: New Construction


Project Stage: Construction

Size: 80 affordable rental units for seniors

Year Constructed: 2024

Developer: Volunteers of America (Alexandria, VA)

Project Cost: $26.1 million

Funding Sources: 4% LIHTC, Met Council, HIB bonds, first mortgage

Landon Group role: Secure financing, coordinate closing, coordinate draws, project closeout

The new Nolte River Place Apartments development will serve 80 senior households on a campus designed to provide easy access to a future onsite Allina clinic as well as to allow residents to thrive as they age in place. By co-locating Anoka Senior Housing on a VOA-operated senior living campus with a wide range of housing opportunities, seniors will have the opportunity to stay on a campus that provides independent living, assisted living, and nursing care as their needs change over time.

For more than 123 years, VOA has responded to the nation’s health care needs. Today, VOA is a major provider of professional long-term nursing care for seniors and others coping with illness or injury. VOA offers a continuum of services that extends to the elderly and disabled people requiring long-term health support including nursing care, assisted living, memory support, home health care, rehabilitation and much more. VOA owns and operates over 20 senior living and care communities throughout the United States, providing supportive, nurturing environments with services designed specifically for each individual.