HPI provides family housing in Minnesota

 
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Note: this article appeared in "the Point," a weekly news letter distributed to employees of Alliant Energy and its subsidaries.
Two-dozen families in need of affordable housing have a new home, thanks to Heartland Properties, Inc. (HPI), an Alliant Energy Resources company. A ribbon-cutting ceremony was held June 29 at the site of the newly completed Pickerel Park Townhomes, located at 1825 Ninth Street West in Albert Lea, Minn. Pickerel Park Townhomes
Pickerel Park Townhomes
Alliant Energy board member Alan Arends, from Albert Lea, attended the ceremony along with many state and local officials.
The 24-unit family housing facility has 12 two-bedroom and 12 three -bedroom apartments.
The partnership between HPI and the City of Albert Lea began in 1999, when the two parties met to identify housing needs for the city's growing work force. HPI agreed to invest more than $1.3 million, and recruited Newbury Development Company of Des Moines to manage the development process.
"Quality, affordable housing is a key component of economic development," says Larry Nelson, manager - Economic Development. "Pickerel Park Townhomes helps meet the family housing needs for the growing work force in the Albert Lea area."
The Minnesota Housing Finance Authority, the Greater Minnesota Housing Fund, the Department of Trade and Economic Development and the City of Albert Lea also provided financial support to keep rents affordable for area families. Heartland Management Co. of Des Moines will manage the facility.

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