Bloomington progresses affordable senior housing project

Photo & Story: Finance and Commerce

MWF Properties, a Richfield-based developer that specializes in multifamily projects, is moving forward with a 125-unit building geared toward people 55 and older. The project, which will provide a mix of studios and one- and two-bedroom apartments, will provide nine units available to those making 30% of the area median income (AMI), 23 units at 50% AMI, 43 units at 60% AMI and the other 50 units at 70% AMI. The project is moving through the city council now, and MWF plans to break ground in 2023. This will be the developer’s third project in Bloomington.