ST. PAUL, MN-The Metropolitan Council recently approved $12 million in grants for a variety of housing and redevelopment projects across the Twin Cities. Altogether, the grants for affordable housing, transit-oriented development and redevelopment site environmental cleanup will leverage more than $280 million more in other government grants and private investment, according to the Met Council, a Twin Cities planning agency.

The recipients include:

* Burnsville’s Heart of the City project, which will create a pedestrian-friendly, mixed-use downtown, will get $2.5 million.

* In Hastings, the Guardian Angels Redevelopment will receive $558,350, and an affordable housing development called the Hastings Marketplace Family Townhomes will receive $297,600.

* A $500,000 grant will help build Hidden Ponds, an apartment complex in Apple Valley.

* $302,046 for pollution removal to help redevelop the former Cenex headquarters in South St. Paul.

* Minneapolis was awarded $4 million for to five projects, more grant money than was granted to St. Paul. Among the five projects is a 145-acre mixed-income housing development on the site of a former public housing development.

* Just under $1 million of the grants will go to three projects in St. Paul, including $534,000 for contaminant removal in the James J. Hill warehouse in Lowertown, which is being converted to condominiums, and $350,000 will go to the Phalen Village Main Street project, and $86,000 is earmarked for contaminant removal to make way for parking expansion at 750 Pelham Boulevard in St. Paul. City officials say the nearly $1 million in grants the city will receive will help spur more than $50 million of additional investment. Since 1996, the program has awarded $27.2 million to 45 mixed-use or transit-friendly developments, leveraging about $907 million in additional investment, according to the council. Another $31.4 million in clean up funds has gone to 77 redevelopment projects. And $10.2 million, generating about $230 million in additional investment, went to affordable housing projects.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt. Multifamily Spring 2023Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt. Multifamily Fall 2023Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.