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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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