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ST PAUL, MN - Leading multifamily financing provider Merchants Capital today announces it has provided more than $77 million in financing for the development of Soul, an affordable, mixed-use development in Saint Paul, Minnesota. The property – owned and developed by the key partner on the project, Schafer Richardson – is a crucial redevelopment project for the city and an important factor in its commitment to expanding and improving access to affordable housing within Saint Paul...

Schafer Richardson has secured $77 million in financing for Soul, a 178-unit affordable housing development in Saint Paul, Minn.

Richard Heppelmann of Bellechester was called to his heavenly home on December 18, 2022. Born to Frank and Mary (Krick) Heppelmann on September 2, 1936, he was raised on the

Richard Heppelmann of Bellechester was called to his heavenly home on December 18, 2022. Born to Frank and Mary (Krick) Heppelmann on September 2, 1936, he was raised on the family farm outside of Bellechester, attending Lake City Schools. When he was 15, his father had a farm accident and acquired tetanus, so Rich quit school to tend to the family farm during the recovery. As a young adult, his brother, Arnie recommended he consider attending a trade school to become a bricklayer, and Richard found his life’s work. He was a proud 50-year member of the Bricklayers and Allied Craftsmen Union....

The development would include a mix of housing, commercial and public spaces.