The City of Minneapolis has just closed it’s Request for Proposals for development on the 415/417 Taylor Street parcel. The City received three different proposals for the space and now is seeking comment on what proposal the neighborhood prefers. You can make your voice heard one of several ways: attend the Community meeting (developers will also be in attendance to give overviews and answer questions), or view the development proposals online and email the BNC with your comments.
The Community Meeting will be held at the Beltrami Park Building on Wednesday, August 2nd, from 6:30 – 8:30. We highly encourage anyone with questions to attend. BNC Staff is not equipped with all the specifics about each plan to answer questions about each proposal. What you see in the attached documents is all the information our organization has at this time. However, the main purpose of the Community Meeting is to have representatives for each development on hand to answer any questions from the public.
Click on each option below to view site plans, similar project examples, floor plans, and other information.
Option #1 – Greater Metropolitan Housing Corporation – Bungalow Cluster Development – These homes would be listed on the open market once construction is completed. The estimated market price for the homes would be $300,000. There are no restrictions on who can purchase the homes other than the homes must be owner-occupied.
Option #2 – City of Lakes Community Land Trust – Pocket Neighborhood Development – These homes would go on the market once construction is completed. The current estimated market price for the homes is $200,000. This price may be subject to change if an appraisal is done after the construction is completed. Buyers of these homes must have an income that is at or below 80% of the Area Median Income for the household size. There will also be a resale restriction on the homes in order to ensure they remain affordable into the future. Common areas would be managed by a homeowners association.
Option #3 – Abdulle Family – Family Housing Cluster Development and House Plan – This development is a custom build for a family (5 adult children and their parents) who plan to move into all six housing units after construction is completed.
Representatives from all three projects will be at the Community Meeting to answer questions and take comments from the neighborhood.
If you were unable to make the meeting but would like to indicate your preference for one of these housing projects, please email that preference to email@example.com. Community preference will be used by the BNC Board of Directors to make a recommendation to the City on behalf of the neighborhood.