A safe, stable home is the foundation for everything in life. Everything. That’s why we believe a home is more than a building. It must be a place where each person can find what they need to meet their goals and build their best life. In other words, a CommonBond community.
For nearly five decades, CommonBond has witnessed the profound transformations that occur when people step into an environment of stability and support. Children do better in school. Teens graduate from high school. Adults find jobs, and older adults maintain their independence.
This 47-unit family housing property is part of a major community development effort in Ramsey, Minnesota to bring jobs, expand the regional economy, and provide access to parks, trails, shopping, and the Northstar Rail. It offers a mix of one-, two-, and three-bedroom units. Sunwood Village is reserved for households earning 30% to 60% of the area median income.
Lexington Commons is designed for single adults who meet the state definition of long-term homelessness, and single adults who meet the federal definition of chronic homelessness. It features 48 efficiency apartments. An adaptive reuse of a former nursing home built in the 1960s, Lexington Commons was designed to achieve LEED certification.
The purchase of Boulder Ridge is the first of many in CommonBond’s deliberate effort to counter the loss of affordable housing options. Boulder Ridge was the first naturally occurring affordable housing (NOAH) acquisition through our CommonBond Housing Opportunity Fund. It provides affordable housing for those with low to moderate incomes.
The Cooperage is a new construction project in Minneapolis that provides 60 units of housing for seniors ages 62 and older. Conveniently located within ¼ mile of a Central Corridor Light Rail Transit stop, it’s also connected to trails. This is CommonBond’s first project to feature solar panels. It’s also one of the first two mixed-financing HUD 202 projects in Minnesota.