Mixed Affordable and Market-Rate Student Housing: Akron Flats Proposal

Report and poster completed by students enrolled in HSG 4461: Housing Development and Management, taught by Lyn Bruin and Becky Yust in spring 2015.This project was completed as part of a year-long partnership between the City of Rosemount and the University of Minnesota’s Resilient Communities Project (http://www.rcp.umn.edu). Since Rosemount became its home nearly 50 years ago, Dakota County Technical College (DCTC) has served primarily as a commuter college. However, as admissions continue to grow, DCTC is moving toward offering a more complete college experience and wants to explore student housing options near the campus. At the same time, the City of Rosemount expects demand for affordable housing to significantly increase in coming years. The goal of this project was to explore the potential for the two entities to collaborate on a housing development that would include both affordable and market-rate housing geared toward students. In collaboration with city project lead Eric Zweber, a planner for the City of Rosemount, a team of students in HSG 4461: Housing Development and Management designed a proposal for a housing development that would include both affordable and market-rate housing geared toward students, complete with floor plans, marketing strategies, and financial pro formas. A final report and poster from the project are available.This project was supported by the Resilient Communities Project (RCP), a program at the University of Minnesota that convenes the wide-ranging expertise of U of M faculty and students to address strategic local projects that advance community resilience and sustainability. RCP is a program of the Center for Urban and Regional Affairs (CURA). More information at http://www.rcp.umn.edu