
New owners for Nokoma in Minneapolis
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Against the odds of this economy, the Nokoma is paving the way for homebuyers in a south Minneapolis community. The historic 19-unit apartment rental building on 3rd Avenue and Franklin in Minneapolis is now a housing cooperative with a focus on affordable ownership options, thanks to the Plymouth Church Neighborhood Foundation. The nonprofit organization, which focuses on improvements for affordable housing, purchased the building and updated the units. They will hold an open house for the community on Sunday, August 16. “(The project) started at the request of the neighborhood four years ago,” said Jennifer Larson, Housing Operations Manager for the Plymouth Church Neighborhood Foundation, adding that community members were interested in preserving home ownership opportunities in an area where a majority of residents are renters. Continue Reading