CITY OF NORTH BRANCH PRESS RELEASE
Subject: Minnesota Housing Announces the 2017 Housing Projects Selected to Receive Funding – Two North Branch Proposals Received Funding.
Today, Minnesota Housing held a press conference to announce and celebrate 60 housing projects throughout the state that were selected for funding, resulting in nearly $350 million of new development to create or preserve much needed housing options for Minnesota residents. North Branch is very excited to announce that the two projects submitted for funding last June were selected for financial assistance. The application process is very competitive and receiving funding for two projects in the same community and in the same year is unprecedented. Mayor Hagen-Kennedy joined state leaders, including Mary Tingerthal, Commissioner of Minnesota Housing, Congresswoman Betty McCollum, and Warren Hanson, President and CEO, Greater Minnesota Housing Fund to speak about housing needs and the local and regional benefits of North Branch’s two projects.
The first project is the Cherokee Place Project sponsored by Commonwealth Management Corporation that will result in the construction of 48 new rental townhomes. The project is tailored to meet the needs of working families. The townhome units will range in sizes from 1 to 3 bedrooms, offer on-site amenities and be served by on-site management. The total development cost is anticipated to be $9,009,701. This project offers family stability, workforce housing and business growth for our community.
The second project receiving funding is the Central Minnesota Housing Partnership’s, Willow Grove project that will serve Region 7E (consisting of Chisago, Isanti, Pine, Kanabec and Mille Lacs counties) by addressing the housing shortage for adults with mental health conditions. The project will result in the construction of a new 20 unit apartment building. The total development cost for this project is anticipated to be $4,138,893. This creates the opportunity for people to live in their community of choice, remaining close to family and friends, while being as independent as possible. CMHP’s supportive housing project will provide additional options for continuum of care for individuals living with severe and persistent mental illness.
Contact:
Renae Fry
651.674.8113
renaef@ci.north-branch.mn.us
City Administrator
