Commissioners improve plan for first $20 million, with $16.1 million earmarked to build homes, help homeless. Written By: Randy Petersen | ×
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Olmsted County plans to invest more than half the $30.7 million it’s receiving through the federal American Rescue Plan in housing.
“I think this is a generational investment you are making in affordable housing,” County Administrator Heidi Welsch told commissioners as they unanimously approved a plan for nearly $20 million of the federal funds.
The plan calls for using $10 million as a five-year investment in creating and preserving affordable housing in the county by working with Rochester Area Foundation to leverage additional funding.
Created: July 01, 2021 10:44 PM
(ABC 6 News) - A new affordable housing project is coming to Rochester, and this one s different. Many community partners came together to make this happen.
It s called Bryk on Broadway. This property will include 180 units of mixed income-affordable housing and around 7,500 square feet of commercial retail space. City leaders and developers met on North Broadway Avenue for the groundbreaking Thursday evening. We want to build a strong community within our four walls. We want to be close with everyone, create an atmosphere that s wonderful, Dirk Erickson, a member of the development team for Bryk on Broadway said.