January 31, 2017
The City of Richfield was recently awarded $1.36 million in a Livable Communities Grants for the Cedar Point South redevelopment project. The city, WSB, and Inland Development Partners worked together to acquire the necessary grant funding to make the project a reality.
The Cedar Pointe South project will provide over 300 units of multi-family housing, with a significant number of those units being affordable housing units. The project includes three buildings along the extended Richfield Parkway, including both pedestrian paths and bike trail connections. The grant will assist in the acquisition of the current buildings on the site of the roadway extension.
The project serves as a major catalyst for the redevelopment of this area as it becomes a more bike and pedestrian friendly community. The city will be able to more fully realize their future vision of the community with the completion of this project.
Steve Schwanke of Inland Development Partners is excited about the progress. “We are impressed with the leadership shown by the City of Richfield in the completion of the grant application and helping make the project a success for the community and all of their partners. Without the assistance from both the city and WSB to attain this grant funding, this project would not have become a reality.”
Since the Livable Communities Program became law in 1995, the Metropolitan Council has approved grants totaling $315 million to assist projects that have created or retained 41,000 jobs, cleaned up 2,100 acres of polluted property for redevelopment, created or preserved 20,000 affordable housing units, and leveraged billions in additional public and private funds. Grants are awarded on a competitive basis and applicants are local units of government that participate in the Livable Communities Program. Proposed projects must meet criteria that the Council has vetted and approved.
If you or your community is interested in applying for a Livable Communities Grant or other grant sources, please contact WSB’s Grant Resource team at (763) 762-2837.