Project Impact(s):
Aging, Housing
This project is in Plan Phase
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Collaborators Lead Organization:
TBD
Contact:
TBD
; Email:
TBD
; Phone:
TBD
Known/Likely Collaborators:
Potential Collaborators:
Related Projects
Impacts Major Impact:
PlanScape Impacts : Level 1:
Aging, Housing
Level 2:
Housing: Affordable Rate
DMC Impacts:
Community Health Impacts:
Financial Stress/Homelessness
Type of Project
Building
Valleyhigh Senior Living has targeted property north of Valleyhigh Road Northwest and east of Kenosha Drive Northwest. The project would require financial assistance, and the developers have applied for tax-increment financing and a federal low-income housing tax credit, said Chris Stokka, project consultant.
Weis said a recent housing study published by Maxfield Research showed great need for affordable senior housing, but there have been few financing options for developers to make projects viable.
"We're not sure this is going to work but we're willing to take a run at the financing if you're of a mind to approve (the project plans)," Weis said. |
Other Community News and Reports having impacts on:
Aging, Housing
 5 Year Housing Demand vs Supply (Production)
Rochester, Olmsted County, and Township Production
Avg Demand vs Avg Production Shortfall
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 City Council Study Session:
Video Recording Link
Presentation
Collaboration Commitment
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 Feb 2025 DMC Board Meeting Report: Community Co-design, Equity Alliance Topics, Community Connection & Capacity Building, Pitch Event, Targeted Business Metrics, Affordable Housing
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 A Collaborative Community Effort Led by: Olmsted County Public Health Services, Olmsted Medical Center, and Mayo Clinic
The Community Health Assessment and Planning (CHAP) Process is about improving the health and well-being of residents in Olmsted County. Every three years the community conducts a health needs assessment to determine Olmsted County’s health priorities; formulate a plan to address the needs; and publish an annual progress report. Olmsted County Public Health Services, Mayo Clinic, and Olmsted Medical Center engage with diverse partners across our community to lead this process.
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Feb 2025 DMCC Board Meeting Memo
PB reporting re Jan 6 City Council Meeting
"A final plan for dividing a 14.1-acre Mayo Clinic parking lot into developable sections is expected to be reviewed Monday by the Rochester City Council. The site, being dubbed “West Transit Village,” sits between Second Street Southwest and Cascade Lake. It is currently used as a Mayo Clinic employee shuttle lot, and Mayo Clinic plans to construct a 2,500-stall parking structure."
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Home Ownership Creation Program - Prairie Ridge: "NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of Rochester, MN hereby approves the contribution of $4,000,000 to the Prairie Ridge development to support the creation of 201 for-sale homes via the Home Ownership Creation Program.
PB Reporting regarding TIF $14M Requests (Sherman and Prairie Ridge) 2024-12-14
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 The current Rochester-Olmsted County 4(d) Affordable Housing Incentive Program application is for the Tax Assessment Year 2025 - Tax Payable Year 2026, the tax savings for this application will not be realized until the Tax Payable Year 2026.
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City of Rochester Receives $84.92 Million Federal Grant for Transformative Link Bus Rapid Transit Project
LINK Progress Report to City Council
Rochester eyes TIF to support Transit Village, Public Parking
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 Proceedings
September 2024 DMCC Board Meeting with 2025 Workplan Breakout
May 2024 DMCC Board Meeting and City, County, DMC Joint Meeting
Feb 2024 DMCC Board Meeting
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 September 2024 DMCC Board Update
September 2022 DMCC Board Status: NTH to run a developer selection process with Mayo
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City teammates providing an update on this work, specifically regarding legacy public infrastructure projects, Unbound, infrastructure investments and regulatory milestones.
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CMRC pausing public activities and investment potential white paper availability announcement.
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PB reporting: A local program providing tax breaks to landlords in exchange for maintaining lower rents is being tweaked to encourage future development of affordable housing.
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