The idea for the 48 new homes and supportive services for low-income individual and families came out of the 18-month Housing Institute co-hosted by the Greater Minnesota Housing Fund and the Minnesota Housing Partnership.
Itasca County HRA worked closely with a close-knit group of project partners on the Beacon Hill project, including the Minnesota Department of Corrections, the City of Grand Rapids, Itasca County, Northland Counseling Center, and developer D.W. Jones.
Project details
- 48 units of affordable housing for formerly homeless individuals, families, vets, and other individuals
- 20 supportive housing units: 10 for formerly homeless individuals/families; 10 for persons with disabilities
- 28 two- and three-bedroom units for families with children
- All units income restricted at or below 60% AMI
- Total Development Cost: $8.6 million
- Minnesota Equity Fund provided $2.5 million in tax credit equity
New Fund Can Help Preserve Affordable Housing Stock