Grand Opening: Sunwood Village
Commonbond Communities is celebrating the Grand Opening of Sunwood Village in Ramsey, Minn. today! With the completion of Sunwood Village, 47 homes have been made available for families who will pay no more than 30% of their income on rent. Sunwood Village is located in the COR, a 400-acre master planned community which is connected to Minneapolis via the Northstar Rail.
Minnesota Housing Finance Agency provided both construction and permanent financing with a $1.3 million permanent loan. Additional financing included $300k in HOME funds from Anoka County and $250k from the Anoka County Housing and Redevelopment Authority. Enterprise provided $2.7 million of equity.
Congratulations to Commonbond Communities!