$26 million renovation will give Elliot Twins more space (Minneapolis Public Housing Authority)

Date Published: 
February 5th, 2020

From Finance & Commerce:

A pair of low-income housing apartment buildings in Minneapolis will get a $26 million refresh thanks to a funding source being used for the first time by a Minnesota public housing agency.

The Minneapolis Public Housing Authority will receive the funding from the state of Minnesota through housing revenue bonds. The funding source is typically tapped by private and nonprofit housing developers that build affordable housing. The Minneapolis authority will put the money toward a top-to-bottom renovation and partial reconfiguration of the Elliot Twins apartment towers at 1212 Ninth St. S. The buildings are in the southwest quadrant of Interstates 94 and 35W.

The authority sought out the bond funding because federal housing funds are “deeply underfunded,” said Jeff Horwich, Minneapolis Public Housing’s policy director. The authority’s successful application for the money might open up a new avenue for Minneapolis and other cities to fund future housing renovations, he said in a recent interview.

“We feel like we’ve crossed a major barrier here,” he said.

Read Finance & Commerce's article "$26 million renovation will give Elliot Twins more space," featuring the Minneapolis Public Housing Authority.

Resource type(s): 

Sorry, this content is only available to members.

If you're a member of CLPHA, please click here to log in.

If you have not created your CLPHA.org account, it’s easy to create one. Click here for step-by-step instructions.

You can also click here to watch a webinar site tour that shows CLPHA members how to create website accounts for themselves and provides an overview of the site's functionality.

Otherwise, we invite you to learn more about the many benefits of CLPHA membership.