The Views on 7th, Little Falls
The Views on 7th is a new construction, family housing development located in Little Falls, MN. Construction was completed in July 2026, and by early August, tenants were moving in. This property features 45 total units, with unit sizes ranging from one to four bedrooms. The property provides affordable housing options for individuals and families with annual household incomes at or below 60% of area median income. The property also has designated units for homeless individuals and people with disabilities. In addition, there are fourteen units of project-based rental assistance for eligible households.
Property amenities include temperature controlled underground parking, central A/C, in-unit laundry, tenant storage areas, large community room, activity rooms for children, exterior patios/balconies, community garden area, playground, outdoor sitting/grilling spaces, and a dog run. The total development cost of The Views on 7th was $19,894,578. Project funding sources included the following:
• Minnesota Housing Bridge Loan: $7,300,000
• Minnesota Housing First Mortgage: $2,415,000
• National Development Council tax credit equity: $7,898,951
• Minnesota Housing Infrastructure Appropriations: $7,730,000
• Federal HOME Funds: $1,426,000
• Sales tax refund: $408,772
• Energy rebates: $12,855
Heritage Court Apartments, North Branch
Heritage Court Apartments is a new construction, senior housing development located in North Branch, MN. Construction was completed in December 2022, and lease up started shortly after. This property features 32 one-bedroom plus den units for households with at least one member of the household age 55 or older. The property features an onsite tenant services coordinator to assist tenants with securing transportation, meals and also to coordinate tenant activities. Property amenities include temperature controlled underground parking, central A/C, in-unit laundry, large community room, exterior patios, community garden area, dog run and walking trails. The total development cost of Heritage Court Apartments was $10,179,114. Project funding sources included the following:
- Minnesota Housing construction bridge loan: $3,000,000
- Minnesota Housing Housing Infrastructure Bonds: $5,850,000
- Minnesota Housing first mortgage: $881,000
- National Development Council tax credit equity: $3,253,954
- Sales tax refund: $189,125
- Energy rebates: $13,920
The Mill Townhomes, Staples
The Mill Townhomes is a new construction, Housing Tax Credit project located in Staples, MN. This townhome project, consisting of 4 buildings and 42 total units, was completed in the winter of 2020. The project features one, two- and three-bedroom individual and family townhome units. Eight units are designated for High Priority Homeless and persons with a disability, with support services available to those tenants. The project is situated in a quiet location on the edge of town, with features including a large playground area, unit patios, central A/C, in-unit laundry and attached single stall garages. The Mill Townhomes had a total development cost of $10,903,909. Project funding sources included the following:
- Minnwest Bank construction loan: $8,157,000
- Minnesota Housing first mortgage: $904,000
- MHEG tax credit equity: $9,700,467
- Sales tax refund: $181,800
- Energy rebates: $30,246
- Local donations: $1,000
- Deferred developer fee: $86,396
