Architecture, Development, and Infrastructure of the Twin Cities
https://urbanmsp.com/
Seems strange for an event center, especially when I thought the event center that was next to Tugs expanded as part of the old Potter restaurant space in St. Anthony Main, facing first. Seems strange to try and make two go so close together.
The report calls these buildings POSH developments, Politically Opportune Subsidized Housing. They’re priced in such a way that families with children or those who are extremely poor could not afford them. To be considered affordable for those whose income is 60 percent of the area median income, rents can be 30 percent of the set income level. But often, the rents for these buildings are at the very upper end of the spectrum. For a one-person household in Minneapolis, the maximum allowable rent is $910. A-Mill studios rent for $898. Most tax-credit developers don’t set the rents that high because their projects are in lower-income neighborhoods and because they are targeting lower-income tenants. But developers of POSH properties do. The buildings also require application fees and reservation fees (to keep a unit off the market while the application is processed), additional costs that would make units out of reach for low-income families, the authors say.
[...] POSH properties like A-Mill Artists Lofts are 86 percent white, the Buzza Historic Lofts, Carleton Place Lofts, and Schmidt Artists lofts are 81, 88, and 80 percent white, respectively.