The City of Saint Paul has also established a Tax Increment Financing (TIF) district and the project will benefit from the increment generated by both the market rate and affordable buildings at Highland Bridge. Paul Public Housing Agency, along with $4.5M in Capital Improvement Bond financing from Ramsey County. In addition, the project was awarded 60 Project Based Vouchers (PBVs) from the St. The Lumin will be financed with a LMIR First Mortgage from Minnesota Housing and four percent Tax Credits. The development will include 3,800 housing units, 265,000 square feet of employment and institutional space, approximately 150,000 square feet of retail space, and 55 acres of public and open space. Highland Bridge is a 122-acre mixed-use development on the former site of Ford Motor Company’s Twin Cities assembly plant. will serve as the civil engineer and LHB, Inc. Ryan Companies US, Inc., Highland Bridge’s master developer, is the general contractor for The Lumin Ryan A+E, Inc. We look forward to seeing The Lumin, and future developments, provide safe, stable housing for many who need it.” “This senior housing will foster wellness, community, and connection. We are thrilled to make the Highland Bridge experience accessible to a range of Saint Paul residents, including seniors with limited income,” s ays CommonBond Communities President and CEO, Deidre Schmidt. “Highland Bridge is going to be an incredible place to live. It will also feature sustainable building elements to reduce energy, water consumption, and carbon emissions. Th e property will include a wellness room, a community room, and bike storage. Located at the intersection of Cretin and Bohland avenues, The Lumin is the first of 10 planned affordable rental developments at Highland Bridge. Seven units will be reserved for formerly homeless seniors. A project-based Section 8 subsidy allows residents to pay 30 percent of their income in rent. Residents will be people ages 62 and older who earn 30 percent or less of the Area Median Income (AMI). If you are interested in living at The Lumin please visit or call 87ĬommonBond Communities is proud to begin construction on The Lumin, which will provide 60 units of housing for seniors in the Highland Bridge development in Saint Paul. CommonBond C ommunities begins construction on The Lumin, the first affordable housing development in Saint Paul’s Highland Bridge
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