CommonBond Communities, a Homes for All endorsing organization, celebrated the grand opening of its 50-unit Dublin Crossing housing development in Mankato on October 30th. Dublin Crossing is the first workforce housing development in Mankato since 2012 and is located in the growing neighborhood of Northeast Mankato.
Dublin Crossing's rents are set at below-market rates to be affordable for individuals earning 60% of the area’s median income. This means someone earning $16 an hour can afford a one-bedroom unit, while households earning a combined $22 an hour can afford a two-bedroom unit. In addition to 12 one-bedroom apartments, 25 two-bedroom apartments and 13 three-bedroom apartments, the complex also has seven units reserved for people experiencing long-term homelessness and five units for people with disabilities. Other amenities include a community room, an internet-ready computer lab and a playground. CommonBond is also offering services such as job assistance and health and wellness classes to qualifying residents.
Dublin Crossing was funded through collaboration among the Minnesota Housing Finance Agency, non-profit organizations, government, and local businesses. It is the first in what will hopefully be a series of affordable housing developments for Mankato, including another CommonBond property that will be completed next year and two others currently applying for state and federal funding. These developments will help fill the gap between the area’s growing workforce and the affordable housing they need to thrive in the community. As CommonBond Communities' CEO Deidre Schmidt put it, “It’s really about providing people who do good and necessary jobs in Mankato with a place they can afford to live in a good location.”