Trellis, a nonprofit affordable housing developer, and Missions Inc. Programs, a provider of supportive services, have successfully partnered to preserve 56 deeply affordable apartment homes in St. Louis Park. The acquisition, finalized on September 10, 2024, ensures that the former Perspectives apartment complex remains affordable for low-income families and prevents the displacement of residents. The property will now be known as Bickham Court, in honor of George Bickham, a longtime community teacher and mentor whose dedication to local families has left a lasting impact.
Trellis’ preservation offer was a response to Perspectives Inc.’s bankruptcy, which placed the property up for sale earlier this year. An alternative buyer’s offer would have removed affordability restrictions, converting the units to market-rate housing and displacing residents. Trellis’ successful bid, approved by the bankruptcy court, prevents that conversion and maintains the development as an affordable housing resource.
“Our goal is not only to maintain affordability but also to create a renewed sense of pride and community for Bickham Court residents,” said Dan Walsh, Vice President for Housing Development at Trellis. “We’re thrilled to honor George Bickham’s legacy and provide families with a vibrant, supportive environment where they can thrive.”
Trellis plans to undertake a comprehensive renovation of Bickham Court, with work anticipated to begin in late 2025. The planned improvements include updates to plumbing, mechanical systems, and roofs, as well as enhancements to unit interiors, common areas, and building exteriors. Additionally, the renovation will add office space and a community room for children’s programming.
This vital initiative would not be possible without the support and commitment of funding partners: Greater Minnesota Housing Fund, Minnesota Housing, Hennepin County, the City of St. Louis Park, and the Family Housing Fund.
Read the full press release on the Trellis website.
Photo credit: Trellis
Rise on 7 Delivers Affordable Housing and Child Care