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City of Rochester Home Ownership Creation Program

It is the policy of the City of Rochester to promote and provide diverse and affordable housing options for residents. The City of Rochester Home Ownership Creation Program specifically addresses these goals by supporting the development of affordable housing.

Project Impact(s): Diversity and Inclusion, Governance/Public Policy, Housing

This project is in Available Phase.

  • Please scroll the following to view Beam's understanding of the project's strategy, indicators, expected results, and monitored metrics.
  • Please click this Link to get to the mainline view of the project.

 

Collaborators, Project Type, Impacts, Related Projects

 

Collaborators 

Lead Organization: City of Rochester, MN

Contact: ; Email: ; Phone:

Known/Likely Collaborators: City of Rochester, MN ; Coalition for Rochester Area Housing ; DMC EDA ; Olmsted County Housing Redevelopment Authority

Potential Collaborators:

Related Projects

Impacts 

Major Impact:  Housing

PlanScape Impacts :

Level 1: Diversity and Inclusion, Governance/Public Policy, Housing

Level 2: Asian American and Pacific Islander, Housing: Affordable Rate

DMC Impacts:

Community Health Impacts:

Type of Project

Programming  

 

 

Detailed Description

Program Guidelines

 

 

Strategy
Unknown

 

 

 

Metrics
Unknown

 

Key reports on: City of Rochester Home Ownership Creation Program

City Housing Support (July 17, 2024)

Home Ownership Creation Program - Prairie Ridge: "NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of Rochester, MN hereby approves the contribution of $4,000,000 to the Prairie Ridge development to support the creation of 201 for-sale homes via the Home Ownership Creation Program.

 

Read more ...

Mayowood Phase II for fee waivers (April 22, 2024)

Allocate $272,959.00 to Mayowood Phase II for fee waivers (frees funding for Home Ownership creation program)

2. Allocate $ 272,967 to revolving Abatement program for homeowners

Read more ...


 

Last modified by allnode on 2024/07/23
Created by support on 2019/09/17

 

 

 

Site Information
Project Phase Definitions
The following defines the various project phases:
  1. Available - a product, program or service is in production
  2. Develop - program or application is being developed
  3. Plan - idea is solid, stakeholders are identified, and there is strong commitment to go forward from all parties.
  4. Concept Phase - idea scoped out with enough details to give an early sizing and/or to build a proof of concept
    demonstration
  5. Pre-concept Phase - an early idea or a requirement.
About Beam

Community Beam (dmcbeam.org) is a registry of private and public resources (organizations, projects, initiatives, programs) that underpin economic and social developments of greater Rochester:

  • For the commercial sector, we tend to register startup activities (new companies and new commercial projects) that bring diversification and high-impact opportunities to the area.
  • For the non-profit sector, we wish to shine light on all the organizations and services that otherwise labor under relative obscurity.
  • Our hope is that dmcbeam.org will encourage cross-sector collaborations and creative solutions.

While there are a number of registries in the community, dmcbeam.org's  distinct value is to pilot a database with a data structure and categorizations that answer the questions such as: What organizations or projects/programs in our community that have purported relevance with some of the over-arching focuses put forward by initiatives such as DMC, J2G and Health Improvements?

This database could be used as one of the ways to explore the capacities of the community. If you are someone on an exploratory journey to learn about the greater Rochester community. dmcbeam.org could be an interesting first step.

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