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Case RESIDENTIAL DEVELOPMENT EXAMPLES By: Amy Geisler, Community Development Department Background: At its February 20th meeting, the Housing Committee requested information on some of the differences between various types of residential development, Observations: The following list describes a number of different types of residential development: Habitat for Humanity - affordable owner-occupied housing Habitat for Humanity builds primarily single-family housing for people who could typically not afford to become homeowners. The housing is made affordable by providing 0% mortgages to Habitat homebuyers, who must provide several hundred hours of labor on their or another house. Private organizations and individuals often provide materials for Habitat houses, and a combination of professional and volunteer labor keeps construction costs low. Public agencies have participated by donating lots or providing them at low cost. Savannah Oaks - market-rate senior rental housing The Savannah Oaks project is the result of a collaboration of the City of Ramsey and Anoka County HRA. The City was involved in land acquisition and entered into an HRA levy with the County. Anoka County HRA owns the building and contracts with Great Lakes Management Co. to operate the facility. Savannah Oaks is a market-rate, seniors-only rental facility. Ramsey residents and their relatives are given first priority when vacancies arise. The City also waived some of the fees associated with the project. Anoka - Walker on the River - affordable senior rental housing Walker on the River is a publicly-subsidized (Section 8) senior rental facility (45 units) in the City of Anoka. The project was a collaboration between Walker Methodist, the City, and HUD. Walker on the River is privately owned and managed by Walker Methodist. The City had limited participation in the project but did assist with land assembly. Anoka - Walker Plaza - market rate senior rental housing and assisted living Walker Plaza is a newer project that combines senior rental housing (87 units) and assisted living (15 units); all units are market-rate. This project was a joint venture between the City and Walker Methodist. The city assisted in land acquisition and established a TIF district for the project. TIF financing was used to construct a parking ramp underneath the facility; the city owns the ramp and leases part of it to Walker Methodist. The air rights were sold to Walker Methodist to construct the facility.