Minneapolis, MN

St. Louis Park Legacy Program partners up with property owners to provide affordable housing

Stephanie Moua

https://img.particlenews.com/image.php?url=3dUgKu_0aYSxmyu00
Matt Donders/Unsplash

SAINT LOUIS PARK, MN — Partnering with property owners, the City of St. Louis Park creates the Park Legacy Program to promote affordable housing in the community. Through this program, the city commits to avoiding the loss of existing affordable housing.

The Legacy Program will provide connections to private philanthropic and public investors in affordable housing, for-profit and nonprofit developers providing affordable homes. It will also provide connections with the local organizations that offer investments to support affordable rental housing in the Minnesota area.

Many investors are buying Naturally Occurring Affordable Housing (NOAH) properties across the Twin Cities and increasing the rent. That is why the City of St. Louis Park is encouraging NOAH property owners who want to sell the property to involve themselves with an investor who preserves the affordability of their development.

Affordable housing will reduce the burden of families. It would result in families being able to afford quality food and basic health care. It would also help families achieve mobility and better economic opportunity. And hopefully, families will have the opportunity to get healthier and children will achieve better educational outcomes.

The program does not only benefit people who need affordable housing, but also property owners participating in the legacy program. Below are the benefits:

  • A preservation buyer maintains the seller's legacy
  • Current residents have the chance to remain in their homes
  • Positive social return of preserving an affordable housing resource
  • Streamlined sales process
  • No broker fees and limited tours/walk-throughs by multiple parties as is typical by brokered sales
  • Potential tax benefits available, if sold to a nonprofit buyer
  • Property is reinvested in for the long-term

Interested parties can contact The Community development deputy director/housing supervisor, Michele Schnitker, by email at mschnitker@stlouispark.org, or call at 952.924.2571

For more information, please visit https://www.stlouispark.org/government/departments-divisions/housing/property-owners/st-louis-park-legacy-program.

Read full story in "NewsBreak" App

This is original content from NewsBreak’s Creator Program. Join today to publish and share your own content.

Comments / 0

Published by

Feeling the pulse

Minneapolis, MN
513 followers

More from Stephanie Moua

Minnesota State

Get to know how to organize the Minnesota Goodbye tradition as a host or guest

MINNEAPOLIS, MN – Farewell can be a special moment to wrap up the togetherness that has been passed and welcoming the new phase. Minnesota has a unique tradition of this, called the long goodbye. It is not just an ordinary party to comfort the loss but it relates to the characteristic of the city’s residents.

Read full story
Minneapolis, MN

Department of Natural Resources shares allowed things to do in wildland for its sustainability

MINNEAPOLIS, MN – Come to nature will be a great solitude experience as only serenity and beauty that you find. Department of Natural Resources shares the list of activities to spend the time in the wildland. Take a note of the treatment, so you will keep it sustainable.

Read full story
Minneapolis, MN

Check out these 9 magical spots in Twin Cities that represents fairy tale

MINNEAPOLIS, MN – Fairy tale serves picturesque image to entertain nor delivers its value for spreading hope. It is no longer imagination as there are magical spots in Twin Cities to lead your gratitude about life is good. Are you ready to explore the list below?

Read full story
Golden Valley, MN

The city of Golden Valley shares tips to handle over road salt

GOLDEN VALLEY, MN – Road salt and deicing chemicals are materials to melt snow. It is an easy attempt, therefore, followed by a negative impact. Fish nor plants cannot survive due to toxicity. Sewer, stream, and lake become too salty, ruining endemic organisms to grow within thirty years. These facts are found by Mississippi Watershed Management Organization, or MWMO, through research.

Read full story
Golden Valley, MN

The debatable history of Golden Valley naming through its landscape

GOLDEN VALLEY, MN – Golden Valley is a village that was incorporated on December 16, 1886. The development started from the 1912 destruction of Electric Luce Line Railroad as the landscape supported agriculture to grow. There are farms, mills, and dairies to provide residents’ income.

Read full story
Minnesota State

History of Minnesota: Morrill Hall conquest the University of Minnesota

MINNEAPOLIS, MN - In 1969, hundreds of African-American students protested at the University of Minnesota in Morrill Hall. The event led to the establishment of the university's Afro-American Studies department.

Read full story
Minnesota State

Inside Minnesota Correctional Facility - Oak Park Heights

OAK PARK HEIGHT, MN - Located in Minnesota, the Oak Park Heights prison can house up to 471 male inmates. It is also known to house federal inmates with violent histories. This facility holds the majority of inmates at maximum and close custody. Some of them require a higher level of security.

Read full story
4 comments
Minnesota State

Explore new excitement in Southern Minnesota

ST. PAUL, MN - As the weather warms up, let southern Minnesota's festivals and fairs serve as the place to experience the outdoors. Here are some fun festivals you can find in southern Minnesota.

Read full story
Minneapolis, MN

The top three taco shops in Twin Cities area

MINNEAPOLIS, MN - We searched the area and sifted through hundreds of recommendations to offer you the most incredible tacos in the Twin Cities. This list includes three excellent taco shops, ranging from taco trucks to sit-down restaurants.

Read full story
2 comments
Saint Cloud, MN

Get to know the history of Paramount Theatre & Visual Arts Center

ST. CLOUD, MN - The Paramount Theatre and Visual Arts Center is comprised of a refurbished historical theater, an art gallery, a visual arts workshop, and an office for art organizations in the organization. The Center hosts various performances such as plays, concerts, dance programs, and other activities. It provides exhibitions, seminars, and workshops for adults and children, in addition to a retail gallery showcasing the work of local artists.

Read full story
Minnesota State

Where to find halal restaurants in St, Cloud, Minnesota area

ST. CLOUD, MN - St. Cloud is a city in the state of Minnesota, and it is the most populous city in the state's central area. Without a doubt, the municipality would want to provide inclusiveness to its inhabitants and visitors and not exclude religion or personal views from this. Whether you're searching for halal alternatives in your neighborhood or want to try something new, each of these locally-owned eateries offers distinct tastes and a warm welcome.

Read full story
1 comments
Saint Cloud, MN

Upcoming events in St. Cloud this September 2021

ST. CLOUD, MN - It doesn't matter if summer is drawing to an end or September has arrived in Greater St. Cloud; there's no lack of things to do. The colder temperatures are a welcome change, and they are the ideal complement to the numerous outdoor events taking place this month. Go to a circus or zoo, take a ride for caramel apples, see music at The Ledge, celebrate Pride, look at tractors, or raise a glass to Oktoberfest in the city.

Read full story
Collegeville, MN

The landscape of Saint John's Abbey Arboretum

COLLEGEVILLE, MN - Saint John's Abbey has been governed by the Benedictine ideals of stability, hospitality, and stewardship since it was founded in 1856. A state wildlife sanctuary was established on the abbey grounds in 1933, and the monks' commitment to the long-standing stewardship concept led to the establishment of a natural arboretum on the abbey grounds in 1997, which is still in operation today. Preservation, education, research, and spiritual renewal are currently the primary goals of Saint John's Abbey.

Read full story
Minneapolis, MN

Graco Park, a new riverfront park project in Northeast Minneapolis, is now collecting public input

MINNEAPOLIS, MN - Graco Park, a new park along the Northeast Minneapolis riverfront, is being developed by the Minneapolis Park and Recreation Board, or MPRB. The Board is now seeking initial feedback from the community and has researched the site's opportunities and constraints. The site is located about north of the Plymouth Avenue Bridge and is traversed by the Mississippi East Bank Trail.

Read full story
Plymouth, MN

Plymouth bids farewell to the Four Seasons Mall while welcomes new opportunities

PLYMOUTH, MN - Anyone who lives in east Plymouth or drives near Rockford Road and Highway 169 is certainly familiar with the Four Seasons Mall, a long-vacant, unappealing strip mall on the junction's southwest corner.

Read full story
4 comments
Plymouth, MN

This October, the Plymouth Public Safety Citizens Academy will reopen

PLYMOUTH, MN – The City of Plymouth is now taking applications for the 2021 Public Safety Citizens Academy, a free 36-hour, 12-week course held from 6:30-9:30 p.m. Thursdays starting October 28.

Read full story
Plymouth, MN

The Plymouth Public Safety Department advises pedestrians and motorists sharing the road to use caution

PLYMOUTH, MN - The Plymouth Public Safety Department reminds pedestrians and vehicles who share the road to be cautious of their surroundings. With over 324 miles of municipal roadways and 174 miles of trails in Plymouth, being safe while driving, walking, biking, and utilizing other modes of transportation is critical - and the Plymouth Public Safety Department provides reminders for both pedestrians and vehicles.

Read full story
Washington County, MN

With the addition of new hotspots, networking at the Washington County Library is improving

LAKELAND, MN - With its mission to inspire curiosity, champion innovation, and spark opportunity, Washington County Library has installed 400 Wi-Fi hotspots and 100 Chromebooks to its inventory to assist citizens in using the internet outside of the library. The devices can be checked out for up to a month if you have a Washington County library card.

Read full story
Minneapolis, MN

Top three cake bakeries in Minneapolis

MINNEAPOLIS, MN - Whether you're looking for a delicious, artistic birthday cake or a custom-themed celebration cake in Minneapolis, or you need a last-minute birthday cake to purchase, check out our list below to discover a fantastic spot to get one.

Read full story
Minnesota State

Four gravel races for everyone throughout Minnesota

MINNEAPOLIS, MN - Minnesota has a lot of beautiful places to explore. Some of which can be experienced through cycling. It is quite a common attraction to bike while sightseeing the beautiful parks and trails across Minnesota.

Read full story

Comments / 0

Community Policy