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Council approves bonds and contract amendments for 82-unit Beltline Station affordable housing project
Summary
Council approved issuance of multifamily housing bonds and related contract amendments to finance the 82-unit Beltline Station affordable housing development at 3120 Monterey Drive; financing includes bonds, TIF, affordable housing trust funds, LIHTC and project-based vouchers, with construction expected in early 2026 and completion around 2027.
The St. Louis Park City Council approved resolutions authorizing multifamily housing bond issuance and related contract amendments for the Beltline Station affordable housing development, a planned 82-unit project at 3120 Monterey Drive.
Redevelopment Administrator Dean Porter Nelson told the council the financing package includes city and EDA financing, housing bonds, tax increment financing, an affordable…
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