Sunwood Village Real Estate Case Study

Sunwood Village

New Construction

Sunwood Village, a 47-unit family housing community, is part of a major community development effort in Ramsey, Minnesota to bring jobs, expand the regional economy, and provide easy access to parks, trails, shopping, and the Northstar Commuter Rail. A mix of one-, two-, and three-bedroom units, it’s one of the first affordable housing communities in Ramsey.  This new construction project was completed in July 2016.

Project Financing

 Anoka County
Deferred Developer Fee
Enterprise Tax Credit Equity
Minnesota Housing – Housing Infrastructure Bonds
Minnesota Housing Low and Moderate Income Rental Mortgage
Metropolitan Council
Sales Tax Rebate

Total Sources: $10,431,982

Development Partners

Anoka County
Anoka County Housing & RedevelopmentAuthority
City of Ramsey
Enterprise Community Investment
Metropoli­tan Council
Minnesota Housing

Amenities

Smoke-Free
Controlled Access Entry
Surveillance Cameras Throughout
On-Site Laundry Facilities
Individually Controlled Heat and Air Conditioning
Large Closet in Each Unit
Community Room with Serving Kitchen
Children’s Play Area
Computer Lab