Feb 20, 2020 | First Homes, Housing, News
On Wednesday, February 19, First Homes (doing business as Center Street Properties, LLC), a subsidiary of Rochester Area Foundation, closed on the purchase of Center Street Village Apartments to preserve the apartments as naturally occurring affordable housing. Center...
Jan 7, 2020 | First Homes, Housing, In the News, News
First Homes, a subsidiary of Rochester Area Foundation, is conducting due diligence after signing an agreement to purchase the Center Street Village apartments (626 E Center St, Rochester, MN) to preserve the apartments as naturally occurring affordable housing....
Sep 20, 2019 | First Homes, Housing, In the News
(ABC 6 News) — Affordable housing is an ongoing issue in our community and communities across the country. “It’s very difficult to buy a house in this county if you make less than $75,000 a year because there just isn’t a lot of inventory,” said Steve Borchardt,...
Aug 7, 2019 | Community Convener, First Homes, Housing, Impact Finance, In the News
Rochester Area Foundation was joined by representatives from Zumbro Ridge Estates, The Coalition for Rochester Area Housing, and numerous company representatives who collaborated to improve Zumbro Ridge Estates for a ribbon-cutting celebration. In 2017, residents of...
May 28, 2019 | First Homes, Housing
Thank you to everyone who joined us to preview the new construction home built by Rochester Area Foundation’s First Homes program in the Gardens. It was a wonderful opportunity to preview the property and discuss what’s next for First Homes and the...
