HOUSING FOR A GROWING COMMUNITY With industrial expansion and job creation comes the inevitable need for housing. Fischer notes,“We’re reviewing two new residential developments—one single-family and one mixed single- and multifamily—along with a new 60-unit apartment complex and a 24-unit senior living facility.” Affordability, however, remains a challenge. “The state is looking at ways to help,” says Fischer, “but we haven’t seen substantial funding reach the city level yet.” Still, North Mankato is laying the groundwork for future solutions. “We receive around $30,000 annually from the state for affordable housing,” McCann explains.“We’ve set up a fund to grow that amount until we can make a meaningful investment in a major project. Our goal is to be ready when a development opportunity arises that aligns with our affordability goals. In the meantime, the city continues to collaborate closely with developers to promote a range of housing types that cater to the evolving needs of its population. From young professionals and working families to retirees, North Mankato is positioning itself to offer a diverse range of living options— balancing market-rate development with a focus on long-term affordability and accessibility. LOOKING AHEAD WITH PURPOSE As North Mankato looks toward 2025 and beyond, its priorities are clear: to develop the newly acquired industrial land, expand housing options, and bring significant community projects, such as the regional 8 CIVIL AND MUNICIPAL VOLUME 06, ISSUE 04
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