As reported in the Feb. 2017 Novogradac Journal of Tax Credits by senior writer Mark O’Meara. In Minnesota, children and adults 24 and younger are the most likely population to be homeless, according to the 2015 Minnesota Housing Study, a statewide study on homelessness. This includes children with their parents (35 percent) and minors and young…
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Minnesota-based developer Beacon Interfaith Housing Collaborative found strong neighborhood support for converting The Lonoke from market-rate apartments into 19 units of affordable housing for low-income households and formerly homeless individuals. Lee Blons, Beacon’s executive director, credits local support for The Lonoke to the success of nearby Lydia Apartments, Beacon’s 40 units of supportive housing for…
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transforming the 100-year-old property into a new 19-unit affordable-housing community with support services for area homeless and people in need of permanent housing. Rehabilitation of the building, to be renamed The Lonoke, located at 1926 Third Avenue South in Minneapolis, includes renovating the 19 existing one-bedroom apartments with upgraded mechanical, electrical and plumbing systems, new…
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