Olmsted County

New mixed-income apartments built without subsidy

Real Estate Equities, Greater Minnesota Housing Fund, and Merchants Capital have teamed up to create Technology Park, a 164-unit housing complex in Rochester, Minnesota. The apartments will provide naturally affordable rental housing to Rochester’s workforce without subsidy. Technology Park, to be renamed upon the building’s opening, will help ease Rochester’s affordable housing crisis. Rochester was recently… Read more

Group seeks Clinic’s help with affordable housing

Randy Petersen reports in the Post-Bulletin that group of 40 to 50 local residents asked Mayo Clinic to lead in an effort to raise $60 million during the next five years to help create affordable housing in Rochester. In a letter to Dr. John Noseworthy, CURE — Communities United for Rochester Empowerment — also asked… Read more

Addressing the Need for Affordable Housing in Southeast Minnesota

From KAAL-TV: Affordable housing is a topic on the minds of many local leaders, and as Rochester and Southeast Minnesota continues to grow that topic is a top priority.“Workforce development is a huge issue for our entire economic region,” said Steve Borchardt with the Rochester Area Foundation. Concerned members of the public, city leaders and… Read more

GMHF releases Olmsted County Housing Framework

The 2016-2020 Housing Framework is the result of a multi-year, community-based planning process jointly led by Olmsted County and Rochester Area Foundation. These and other community partners are already taking steps to address the area’s affordable housing shortage. The 2016-2020 Housing Framework presents “high,” “medium,” and “low” goal options for accelerating affordable housing production in… Read more

John Errigo, GMHF Syndication & Loan Officer

City to study affordable housing options

The Rochester City Council on Monday took action to hire a consultant firm, Grounded Solutions Network, to provide recommendations on an inclusionary housing policy. The firm has provided consultations to more than 50 U.S. cities and organizations, according to a proposal it submitted to the city April 15. Olmsted County housing staff and a representative… Read more

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