Twin Cities Apartment Construction Accelerates To Highest Level Since 1980s
Owen Metz, vice president and project partner with Dominium, one of the largest apartment developers in the Twin Cities, said the firm has several deals in the pipeline, including some that are considered affordable to low-income families, but would do more if the financing environment were more favorable.
The company is poised to start construction on 400 to 500 units of affordable apartments and another 200 to 400 affordable units targeted at seniors.
The company is also working on the Upper Post at Fort Snelling to do family housing with a preference for veteran residents. That project, he added, “is very much at risk due to lack of availability of tax-exempt bonds.”
Additional Articles
Dominium Announces the Acquisition of Land for New Affordable Housing Community…
Hidden Earth Apartments will add 324 affordable apartment homes to the Austin metro
Dominium’s Paul Sween Recognized by the National Housing Partnership Foundation…
Sween receives award for his initiative and contributions to affordable housing development across the nation
Dominium Acquires Land for Anchor at Gulf Harbors, Plans to Develop 388…
The affordable housing development marks developer’s first ever new construction development within the Tampa metropolitan statistical area