HRA provides land for private development of affordable housing for renters and homeowners. HRA also assures commercial areas remain vital as the community ages.
HRA's residential projects include Crossings, Southview Estates, and Bloomington Family Townhomes. Commercial projects include the Penn American District redevelopment, home to Fresh Thyme, Red Robin, and Home 2 Suites.
HRA also purchases substandard residential properties, demolishes them and resells the lots to builders to construct new homes. This improves neighborhoods by eliminating structures that negatively impact surrounding homes.
The HRA is responsible for redevelopment within the City except for the South Loop District east of TH77. One of the best known projects of the HRA is the Penn & American Redevelopment District. The HRA also undertook a leadership role to select developers, acquire parcels, and facilitate landscape and infrastructure improvements within the Oxboro district. To date, over 40 million dollars in new development has occurred.
The HRA is also responsible for assembling land at France and Old Shakopee for The Point, the retail shops located on the NE quadrant of the intersection. In the future, the HRA hopes to assist in the development of additional housing and retail opportunities.
In 2007, the HRA purchased the former Bloomington Dodge site, located on the SE quadrant of Penn and American. Future plans for this site and the surrounding area include mixed-use housing, including housing, office, and retail. Click the following link for more information about redevelopment at Penn and American.
As the community ages, the HRA will continue to play a role in assuring that Bloomington's commercial areas remain vital.
Residential development and redevelopment
One of the roles of the HRA is to provide land for the private development of affordable housing for low- and moderate-income households. The HRA has done this for both renters and homeowners.
Among some of the HRA's residential projects are Gideon Pond, Knox Landing, Ridgeview Terrace and Bloomington Family Townhomes.
The HRA also purchases substandard residential properties, demolishes them and resells the lots to builders for the construction of new homes. The goal of the program is to improve neighborhoods by eliminating structures that negatively impact surrounding homes.