Dakota County OKs Eagan affordable housing project for seniors, veterans
An affordable housing project in Eagan that caters to seniors and veterans was approved to receive up to $9 million in American Rescue Plan funds Tuesday by the Dakota County Board of Commissioners.
The 24-unit housing project, called Nicols Pointe, will be built near the Twin Cities Premium Outlets, said Tony Schertler, executive director for the Dakota County Community Development Agency, to offer residents a nearby workplace.
The housing project’s units will be income-qualified and available to individuals 55 and older with a preference for veterans, said Schertler.
The units will be open to households that earn no more than 60 percent of the Area Median Income, which currently would set the limit at $49,320. Rent is also regulated for the units so no renter will have to pay more than 30 percent of their income, Schertler said.
Nicols Pointe will span over an acre and offer only single bedroom units, Schertler said. Rent prices in the apartment building, which will be owned and operated by the CDA, have yet to be set.
The apartment complex will also be located near the Cedar Grove transit station, which will allow for easy access to the VA, said Schertler.
“Eagan is continually identifying ways to diversify housing options within our city. Projects like this help us ensure that we have housing options to serve the diversity of people who call Eagan home, including seniors and veterans,” Eagan City Administrator Dianne Miller said in a statement.
The estimated cost for the project is just under $9 million, with city fees coming in at roughly $345,000, another $343,000 for sewer water access and more than $7 million allocated for construction, per the CDA’s presentation.
Final development agreement should be signed this spring, Schertler said, with the project bid to follow this summer and construction beginning this fall.
The plan is for Nicols Pointe to welcome residents in 2024 and Schertler anticipates the units will fill up quickly.
Dakota County received more than $83 million in 2021 from the ARP State and Local Fiscal Recovery Funds, intended to help government agencies support local businesses and vital services in response to the COVID-19 pandemic.
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