A large group of residents and officials attended the grand opening of The Landing in downtown Chaska on Tuesday afternoon.
The Landing, at the southeast corner of Highway 41 and First Street, has 54 affordable units for seniors and was built by nonprofit developer Aeon.
Renters can earn up to $29,050 per year and rent is established at 30 percent of renters’ incomes, according to an Aeon press release.
The Landing may have received the last federal funding through the U.S. Department of Housing and Urban Development’s Section 202 program, according to an Aeon press release. Since 1969, the Section 202 program has helped construct nearly 400,000 affordable senior apartment homes, the release stated.
“You’re part of something bigger,” Harriet Tregoning told the crowd. Tregoning, director of HUD’s Office of Economic Resilience in Washington, D.C., lauded the facility’s environmental initiatives.
According to Aeon, the facility has a geothermal heating and cooling system, and a number of other energy saving features.
The development is Aeon’s first affordable housing development exclusively for seniors, according to a release.
“Cities throughout the state of Minnesota desperately need more senior developments like The Landing and we are thankful for HUD’s support and proud to have brought it to the city of Chaska,” stated Aeon President and CEO Alan Arthur, in a press release.