Lupe Development and Wall Companies broke ground on a new affordable housing community in the Minneapolis’ Hiawatha neighborhood.
The four-story, 95-unit building will rise on the site of a former City of Minneapolis Public Works maintenance and storage facility and complete the partners’ vision for the site as an affordable, intergenerational community.Â
Located at 3601 E 44th St., Snelling Yards features generously sized units affordable to families earning 30%-80% of area median income, with 13 units reserved for veterans experiencing homelessness. The new building will share amenities with the Hillock, the neighboring 100-unit 55+ community managed by Ecumen, including an outdoor community area and playground.
Construction is expected to be completed by fall 2026.
Snelling Yards received funding from the City of Minneapolis, Hennepin County and Minneapolis Public Housing Authority. Allianz Investment Management provided tax-exempt bond financing and a construction bridge loan. R4 Capital is the low-income housing tax credit investor.
