Westgate Apartments

4020 9th Avenue West, Hibbing, MN 55746

Project Type: Rehabilitation


Project Stage: Completed

Size: 34 market rate, 66 affordable rental units, with 30 units project-based section 8

Year Constructed: 1976

Developer: The Schuett Companies, Inc. (Golden Valley, MN)

Project Cost: $12.4 million

Funding Sources: 9% LIHTC, State deferred funding, MN Housing mortgage

Landon Group role: Secure financing

Built in 1976, Westgate Apartments is comprised of 34 market rate units and 66 affordable units, of which 30 are Project-Based Section 8. In need of rehabilitation and at risk of losing its Project-Based Section 8 contract, Westgate Apartments was acquired and renovated by The Schuett Companies, a development company committed to maintaining the affordability of its properties throughout the State. Of the 66 affordable units, five will be reserved specifically for families experiencing long-term homelessness.

Westgate Apartments is a three-story elevator building on the Iron Range in Hibbing, MN.  The 5.44-acre site sits at the gateway to Hibbing’s traditional downtown, surrounded by hundreds of miles of trails, lakes, and rivers. Amenities at the site are numerous including an exercise facility, garages, three community rooms, a sauna, a playground, basketball court, and field/pet area.