Woda Cooper to Acquire 46-Unit Affordable Housing Project in Downtown Minneapolis
MINNEAPOLIS — Woda Cooper Cos. Inc. and Venture for Pleasure (PPL) in Dwelling will co-develop Shelby Commons, a 46-unit reasonably priced housing job in the North Loop community of downtown Minneapolis. The Minnesota Housing Finance Agency awarded $967,549 in housing tax credits for the undertaking, which will be the to start with for Woda Cooper in the point out of Minnesota. The four-tale creating will contain underground parking, laundry services, a community home, lobby, playground and neighborhood gardens.
Models will be accessible to inhabitants who make 30 to 80 % of the region median revenue. The Minnesota Community Housing Authority has fully commited 12 venture-primarily based vouchers for rental support. Woda Cooper will occupy a administration business at the property and PPL will keep an onsite business to deliver supportive companies, which includes assistance to people in the seven units established apart for people with homelessness and the five units set apart for folks with disabilities.
Rochester, Minn.-dependent CRW Architecture & Style Group and Minneapolis-dependent BKV Group are the job architects. Kelly Construction & Design and style is the standard contractor. Completion is slated for the next or third quarter of 2022.