Phase One Now Open in Brooklyn Park
Sambatek is proud to support the delivery of Decatur Landing, a 175-unit affordable housing community now open in Brooklyn Park, Minnesota. Developed by Real Estate Equities, the project began welcoming residents on July 7, marking a major milestone for the community and the development team.
Our team provided engineering, surveying, and landscape architecture services to help bring this affordable housing project to life. The first phase of Decatur Landing includes one-, two-, and three-bedroom units available at 30%, 60%, and 70% of the area median income (AMI), offering high-quality, income-sensitive housing options to local families.
The launch of leasing at Decatur Landing highlights the critical need for affordable housing in the Brooklyn Park community. As the first residents move in, this development marks meaningful progress toward providing stable, quality housing options for individuals and families at a range of income levels.
Financing for Phase One was made possible through a diverse network of partners and programs, including:
- $16.2 million in low-income housing tax credit equity from Stratford Capital Group
- $33 million first mortgage underwritten by Colliers Securities
- $2.8 million in financial assistance from the City of Brooklyn Park via TIF
- $1 million loan from the Greater Minnesota Housing Fund
- $11 million equity bridge loan from Huntington National Bank
Additional partners included City of Brooklyn Park, Real Estate Equities, Kaas Wilson Architects, Colliers Securities, Stratford Capital, Huntington National Bank, Greater Minnesota Housing Fund, Minnwest Bank, Guaranty Commercial Title, and Big-D Construction Midwest.
With Phase One now open, Real Estate Equities is actively moving forward with Phase Two, which will bring an additional 175 affordable apartment homes to the Brooklyn Park community. Leasing for the next phase is expected to begin this fall.
We’re honored to contribute to this impactful project, helping to create thriving, inclusive communities.
