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

Experts Forum features housing solutions

A state task force on affordable housing released a report last year that contained some sobering findings. Not least of those was that more than 554,000 Minnesota households struggle to afford quality housing, a 58 percent increase since 2000. Minnesota has an affordable housing crisis, and families looking for a home they can afford are… 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

Olmsted County

Report: Majority of Olmsted County Renters Cannot Afford Market Rate

Affordable housing was the focus of a discussion Monday night in a joint meeting between the Olmsted County Board of Commissioners and Rochester City Council. At the Committee of the Whole meeting in April, officials said they are looking into ordinance changes to give developers incentives to include affordable housing units. The need for affordable… Read more

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City seeks inclusionary housing policy

The Rochester City Council on Monday met with affordable housing leaders from the city and Olmsted County to craft a plan for continued action in addressing a growing housing crisis. The city has invested in affordable housing in the past — including $14.7 million in tax increment financing to affordable housing projects since 1999 —… Read more

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Greater Minnesota Housing Fund
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