Manor Homes Minneapolis, MN 55414 | North East
The Manor Homes in Northeast Minneapolis, specifically Spring Manor (809 and 828 Spring St NE), are undergoing a $65 million renovation and expansion project, according to the Minneapolis Public Housing Authority. This project will preserve 221 existing units and add 15 new, accessible, public housing units. The project also includes the construction of a new 4,200-square-foot community space.
Manor Homes For Sale & Rent
Manor Homes Minneapolis Condo & Loft Guide
| Average Price | $644K |
|---|---|
| Lowest Price | $850 |
| Highest Price | $50M |
| Total Listings | 5,270 |
| Avg. Days On Market | 63 |
| Avg. Price/SQFT | $240 |
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Key Details:
- Renovation and Expansion: The project involves renovating two existing buildings (Spring Manor One and Two) and constructing a new, four-story building with 15 units.
- **Funding:**The project is funded by a combination of federal, state, and local resources, including a $7.3 million investment from the City of Minneapolis.
- **Community Space:**The new building will include an internet lounge, fitness room, indoor bike storage, and community gathering space.
- **Resident Relocation:**Existing residents will be temporarily relocated during construction, and MPHA will cover moving costs.
- **Affordability:**Units will be restricted to those making 60% or less of the area median income.
- **Project Timeline:**Financing is expected to close in spring 2025, with construction following shortly after, according to the Minneapolis Public Housing Authority.
- **Public Housing:**The project utilizes the Rental Assistance Demonstration (RAD) program to preserve and rehabilitate the existing public housing units, according to the City of Minneapolis.
- **Accessibility:**The new units will be handicapped accessible.
- **MPHA Involvement:**The Minneapolis Public Housing Authority (MPHA) is the lead agency for the project.
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