Square on 31st Gets Multimillion Dollar Facelift
ROCHESTER, Minn. (KTTC) -- The first affordable housing project in Rochester has received a multimillion-dollar facelift.
Alongside city officials and developers, the Rochester Area Chamber of Commerce held a ribbon cutting ceremony outside The Square on 31st on Thursday afternoon.
The complex was originally built in the 1970s, but has not been updated since then. Some of the renovations include a new security camera system, and fresh carpeting, paint, and appliances in each unit.
A study released in May found a high demand for affordable housing in Rochester, but only 10 percent of that need was being met.
The developer behind the project said the complex attempts to fill that gap in the community.
"Unfortunately, wages haven't kept up with rent and the cost of living. A lot of people, even though they are working, can't afford an apartment or a house. This is a means, through the federal government, of subsidizing the rent down to a rent that they can afford with their incomes," said Joe Weis of Joseph Development.
The $10.2 million renovation project was funded by a variety of sources, including the Department of Housing and Urban Development and the Minnesota Attainable Housing Corporation.
The Square on 31st has a total of 104 units.
Posted on Mon, October 20, 2014
by Chad Weis