Sunwood Village Real Estate Case Study
Affordable Housing in Ramsey
Sunwood Village is new construction, 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.
Development Partners
Anoka County
Anoka County Housing & Redevelopment Authority
City of Ramsey
Enterprise Community Investment
Metropolitan Council
Minnesota Housing
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
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
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