Free meeting summary
Rochester Approves Development with Affordable Housing at Civic Center North
- Meeting Overview:
Overview: During the latest Rochester Economic Development Authority meeting, the board approved development assistance agreements for the Civic Center North apartment project in Tax Increment Financing (TIF) District Number 82. This significant decision involved a public-private partnership aimed at maximizing city-owned land usage, enhancing riverfront access, and incorporating affordable housing. The project will feature 341 residential units, with 76 designated for deeper affordability at 30% to 50% of the area median income (AMI).
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Economic Development Board Officials:
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Meeting Type:
Economic Development Board
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Committee:
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Meeting Date:
06/16/2025
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Recording Published:
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Duration:
13 Minutes
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Notability Score:
Routine
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State:
Minnesota
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County:
Olmsted County
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Towns:
Rochester
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