A year from now, Mankatoans of a certain age and income will be offered the ultimate senior discount — an apartment renting for as little as $451 a month in
MANKATO — When about three dozen families sit down to Thanksgiving dinner this year, they might well be counting among their blessings their sparkling new apartment at a not-so-daunting price.
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State officials onThursday announced funding for this new affordable housing building near downtown Mankato. All but 10 apartments in the proposed 48-unit Sinclair Flats building are to be reserved for people making 30-60% of the area median income.
The Neighborhood, a proposed $36 million affordable housing development, should begin construction by fall of 2021 after a portion of the project â the 48-unit apartment building (right) â was awarded state funding Thursday. The two buildings (left) aimed at seniors will be constructed a year later if state funding is awarded next year. The overall project also includes market-rate townhouses and possibly a preschool and day care.