Do you wonder what it can take to get an affordable housing project to be financially feasible?
Want to tour a brand-new affordable multi-family development as a sneak peek before residents move in?

You are invited to attend!
This educational event and property tour is being hosted by our ULI Minnesota Young Leaders Group, but everyone is welcome to attend.

Agenda:

3:30-4:00PM, Arrival and Networking
4:00-4:30PM, Rivkin Financials - Deep Dive on Affordable Housing Capital Stack 
4:30-5:00PM, Tour of Rivkin Apartments

**Please note that this event is a behind the scenes tour before this project opens. We do not anticipate that there will be seating available to our group during the session or walking tour.**   

Speakers and Tour Guides: 
David Wellington, President of Wellington Management
Cameron Olson, Development Associate at Wellington Management 

 

Rivkin Apartments is a six-story mixed-use building with underground parking and 155 units spanning the affordability spectrum. Rivkin contains one studio, 56 one-bedroom units, 48 two-bedroom units, 44 three-bedroom units and 6 four-bedroom. 62 of the units will have rent/incomes restricted at 60% AMI levels, 47 of the units will have rents/incomes restricted at 50% AMI, and the remaining 46 units will be restricted to households earning at/below 30% AMI. 18 of the 30% AMI units will be designated as supportive housing for individuals and families with children. 10 of these units will be designated as High Priority Homeless (HPH) units and 8 will serve People with Disabilities (PWD). Learn more here.