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Rush Estates I & II Acquisition
In 2005 the HRA-EDA began the process of acquiring
Rush Estates I & II Senior Apartments
in Rush City. The initiative involves 22
independent-living senior apartments; the
acquisition process is anticipate to be competed in
late 2006.
Bayview Senior Apartments
The Chisago HRA-EDA is the owner of the newly
constructed
Bayview Senior Apartments
in Center City, completed in 2004. The development
consists of 24 apartments for senior aged 62 and
older. The new building offers spacious one- and
two-bedroom apartments with attached garages, a
central elevator, a community room with a full
kitchen, an activity room and many other fine
amenities. The apartments rent for $680-$780 per
month.
Countryside Senior Apartments
In 2005 the HRA-EDA began construction of a 20-unit
apartment building in Rush City. With completion
slated for June, 2006, the pre-leasing process has
begun for occupants aged 62 and older.
The apartment building will be attached to the new
Rush City Community Center
which will be the new home for the Rush City Senior
Dining site. The HRA-EDA will retain ownership;
rents range from $580—$680 per month.
Wyoming Oakwood Town Homes
The HRA-EDA is a co-owner and asset manager of a
48-unit family townhouse development in Wyoming.
The two story units, located on a four acre site,
include attached garages and very nice park-like
setting. The development was completed in 2000 and
was financed through the
Minnesota Housing Finance Agency.
Southfield Estates
The HRA-EDA is the owner of a 24-unit, market rate,
senior and family townhouse development located in
Rush City. The 10-building development contains 2-3
units per building; single story units with attached
garages. The development was completed in 1997 and
was financed by an HRA-issued revenue bond and
remains a cooperative development between the
HRA-EDA and Rush City.
Taylors Falls Town Homes
The HRA-EDA is the asset manager of a 20-unit town
house development in Taylors Falls. The development
was completed in 2002 and was financed by the
Minnesota Housing Finance Agency.
Kestrel Meadows
The HRA-EDA is the asset manager of a 30-unit
townhouse development in North Branch that was
completed in 1998. All units are two-story,
three-bedroom town homes. The development was
financed through the
Minnesota Housing Finance Agency.
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