October 25, 2016

Winhaven Grand Reopening

Winhaven Court

Congratulations are in order, as Security Properties is celebrating the Grand Reopening of Winhaven Court, in Winona, Minnesota! Winhaven Court provides 118 homes affordable to seniors and disabled individuals who will pay no more than 30% of their income on rent. The 10-month rehabilitation has preserved affordable homes in the heart of downtown Winona and will qualify the property as a Minnesota Green Property.

Minnesota Housing Finance Agency supported this project with $7 million of construction financing via tax exempt bonds. Permanent financing was provided by a $6.5 million Section 223f loan from Pillar Finance and $2.28 million loan from MHFA Preservation Affordable Rental Investment Fund. Enterprise provided $3.97 million of equity.

Opp360 logo

For full access to our tools and resources, please provide the information below.

We use this data to better understand our users; we do not sell or share this data. By providing this information, you can expect to receive newsletters and other updates from Opportunity360.