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Minnesota Developer Lands Financing For Planned Affordable Housing Complex Near Phoenix

 Minnesota Developer Lands Financing For Planned Affordable Housing Complex Near Phoenix

Buckeye is getting 200 units of affordable housing, thanks to real estate development firm Roers Cos., based near Minneapolis. Merchants Capital out of St. Paul financed the project, Solana Villas, and says it’s expanding its presence in affordable and multifamily housing. The eight-building, garden-style development on 10.7 acres will include a mix of one-, two- and three-bedroom apartments for people earning up to 60 percent of the area median income. Roers Cos. hasn’t released a timeline for construction or rent estimates yet.

Source: https://www.orionprop.com/topfive/minnesota-developer-lands-financing-for-planned-affordable-housing-complex-near-phoenix/

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