We are excited to announce that two Aeon projects were awarded funding from Minnesota Housing. You can read the official announcement here. These two properties will create 162 new affordable homes. You made this possible! Thank you for supporting affordable homes at a time when our community needs them most. Learn more about these future homes below.
A new construction project will create 74 affordable homes for seniors in Big Lake, Minnesota. The property will be located across the street from the Northstar Line’s Big Lake Station. It will have a mix of one- and two-bedroom homes, a community room and outdoor space. Ten of the homes will serve seniors leaving homeless and earning $31,470 or less each year. The other 64 homes will serve households earning $52,950 or less each year. Construction will begin in fall 2022. This property is highlighted in this video from Minnesota Housing.
Aeon is renovating a historic building in downtown St. Paul, formerly known as Mary Hall. The renovation will create 88 new affordable homes. The property offers easy access to the light rail, growing bikeway system, and other amenities and services. The homes will serve residents with extremely low incomes and who have experienced homelessness. Half of the homes will serve people leaving homelessness. These residents will receive supportive services from Touchstone Mental Health. All the homes will be deeply affordable, serving households earning $22,050 or less each year. Construction will begin in fall 2022.
Photo courtesy of Catholic Charities