Wyoming
Real Estate
DFL proposes sales tax increase in metro to fund affordable housing programs, rental assistance
ST. PAUL, Minn. -- Twin Cities-metro residents would pay more when they shop under a plan at the state capitol designed to fix what advocates say is an affordable housing crisis that needs long-term investment.The proposal at Minnesota Legislature implements a .25% sales tax hike in the region, which include Anoka, Carver, Dakota, Hennepin, Ramsey and Scott counties. A tax estimate expects it to generate nearly $200 million per year by 2027.Most of that funding would provide aid to local governments to assist with housing development, but it would also funnel 25% of those revenues to a rent voucher program for...
Norhart Apartments tackles affordable housing crisis one steel stud at a time
When Norhart Apartments experienced the rising costs of lumber – and other supplies – in the early months of the pandemic, CEO Mike Kaeding knew it was time to flip a switch, one he’d been working toward since he took over the family business in 2014. Norhart Apartments bought a facility in Forest Lake off 11th Street in the summer of 2021 to create a “steel stud factory” to manufacture its own materials and pre-construct wall panels for the apartment buildings the company owns and manages. ...
Forest Lake updates zoning code to allow more affordable single-family homes
A change in zoning code recently approved by the Forest Lake City Council will now allow developers to create close-density developments, thus creating the opportunity for more affordable homes in the area. The city updated its zoning code for its MXr1 single-family residential zone to lower its minimum lot size, allowing for developers to build smaller homes on smaller properties. The suggested units per acre for the low-to-medium density for residential use is three to six units per acre. Community Development Director Abbi Wittman said...
American Pacific Mortgage Acquires Lend Smart
Lend Smart will retain its name, leadership, and brand. American Pacific Mortgage (APM) announced Jan. 26 that it had acquired the assets of Lend Smart Mortgage LLC, based in Shoreview, Minn. Terms of the transaction were not disclosed, but APM said Lend Smart Mortgage will retain its name, leadership, and...
Hot homes: 5 houses in the Twin Cities for sale starting at $270k
This week's Hot Homes collection includes a sunny Uptown condo and a custom-built Shoreview home. 818 Fry St. — $269,900 Why we love it: This charming Dutch colonial has unique original features and is just a few blocks from Snelling Avenue. Location: Hamline - Midway Specs: Three bedrooms, one bathroom, 1,276 square feetListed by: Diane M. Kretsch at Edina Realty Inc.Features: Original hardwood floors, wood-burning brick fireplace, built-in hutches and an attached one-car garage. Photo courtesy of Diane Kretsch. Photo courtesy of Diane Kretsch. 715 County Road B2 W. — $300,000Why we love it: This cheery blue home...
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