SEWARD REDESIGN INC
2619 EAST FRANKLIN AVENUE, MINNEAPOLIS, MN 55406 www.sewardredesign.org

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Organizations Filed Purposes: PLAN AND IMPLEMENT DEVELOPMENTS THAT RESPOND TO COMMUNITY PRIORITIES, CREATE LIVING WAGE JOBS, AFFORDABLE HOUSING, QUALITY GOODS, AND SERVICES. REDESIGN ENVISIONS A VIBRANT, DIVERSE, MIXED-INCOME COMMUNITY WHERE ALL PEOPLE HAVE THE OPPORTUNITY TO THRIVE.

BUILD VITAL NEIGHBORHOODS WITH LIVING-WAGE JOBS, AFFORDABLE HOUSING, QUALITY GOODS AND SERVICES.

REAL ESTATE DEVELOPMENT-HOUSING REDESIGN IMPLEMENTS RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL REAL ESTATE DEVELOPMENT PROJECTS THAT SERVE THE NEEDS OF LOW AND MODERATE-INCOME RESIDENTS, WOMEN AND MINORITIES WITHIN 20-YEAR EXTENSION OF THE SECTION 8 CONTRACT THE SEWARD NEIGHBORHOOD, THE GREATER LONGFELLOW COMMUNITY, AND THE SURROUNDING NEIGHBORHOODS.IN THE LAST FEW YEARS, REDESIGN IN PARTNERSHIP WITH COMMONBOND COMMUNITIES COMPLETED THE LEASE-UP OF 60 APARTMENTS FOR VERY LOW-INCOME SENIORS AT THE COOPERAGE, AND THE REFINANCING AND RENOVATION OF 640 AFFORDABLE APARTMENTS AT SEWARD TOWERS EAST AND WEST.REDESIGN ALSO COMPLETED 20-YEAR EXTENSIONS OF THE SECTION 8 CONTRACTS AT MATTHEWS PARK HOUSING AND MILWAUKEE AVENUE TOWNHOMES, HOUSING FOR VERY LOW-INCOME FAMILIES.REDESIGN HAS WORKED WITH A PRIVATE DEVELOPMENT PARTNER, SCHAFER RICHARDSON, TO COMPLETE THE DESIGN AND FINALIZE ALL APPROVALS, FINANCING AND CONSTRUCTION OF BESSEMER APARTMENTNS, A 128-UNIT APARTMENT PROJECT AT SEWARD COMMONS. CLOSING AND CONSTRUCTION START ARE TARGETED FOR LATE SPRING 2020 WITH LEASE-UP AND OCCUPANCY IN THE FALL OF 2021.REDESIGN HAS BEGUN THE PROCESS FOR FINANCING AND DEVELOPMENT OF A 32-UNIT APARTMENT PROJECT FOR VERY LOW-INCOME FAMILIES AT SEWARD COMMONS IN PARTNERSHIP WITH NAWAL NOOR, THE MAJORITY OF WHICH WILL BE THREE- AND FOUR-BEDROOM UNITS. CLOSING AND COSTRUCTION START ARE ANTICIPATED FOR THE SPRING OF 2021 OR 2022.

COMMERIAL PROPERTY REDEVELOPMENT AND MANAGEMENTREDESIGN CONTINUES TO OPERATE MULTI-TENANT COMMERCIAL PROPERTIES IN THE GREATER LONGFELLOW COMMUNITY INCLUDING THE FRANKLIN EAST OFFICE BUILDING, 3300 EAST LAKE AND 2210 EAST 32ND STREET. IN 2018, REDESIGN PURCHASED, REFINANCED AND RENOVATED 2200 MINNEHAHA AVENUE AND IN 2018-2019 PURCHASED, FINANCED AND RENOVATED 2500 EAST FRANKLIN. BOTH ARE FULLY LEASED TO MULTIPLE SMALL BUSINESS TENANTS, THE GREAT MAJORITY OF WHICH ARE WOMEN AND MINORITY-OWNED.IN LATE 2019, REDESIGN CLOSED ON THE ACQUISITION AND FINANCING FOR THE FOCUS ARTS BUILDING, A MULTI-TENANT COMMERCIAL BUILDING AT 2215 SNELLING AVENUE. ARTS ORGANIZATIONS WILL BE GIVEN PRIORITY FOR LEASING WITH THE INTENTION OF MAINTAINING RENTS AT LEVELS AFFORDABLE FOR THE LONG TERM.REDESIGN LEASES AND MANAGES ALL OF THE COMMERCIAL PROPERTIES THAT IT OWNS.

BUSINESS DEVELOPMENTREDESIGN SEEKS OUT AND ATTRACTS NEW BUSINESSES TO THE SEWARD NEIGHBORHOOD AND THE GREATER LONGFELLOW AND STANDISH ERICSSON COMMUNITIES BY PROVIDING TECHNICAL ASSISTANCE, LOAN COUNSELING, AND REAL ESTATE DEVELOPMENT ASSISTANCE AND BY ENGAGING EXISTING RESIDENTS, BUSINESSES AND PROPERTY OWNERS IN PRO-ACTIVE PLANNING FOR FUTURE DEVELOPMENT AND TO ADVOCATE ON BEHALF OF COMMUNITY BASED DEVELOPMENT THAT SERVES THE NEEDS OF ALL RESIDENTS, INCLUDING THOSE OF LOW AND MODERATE INCOME.REDESIGN PROVIDES COMMERCIAL BROKERAGE SERVICES TO LOCAL BUSINESSES TO ASSIST THEM IN FINDING SPACE TO LEASE IN THE COMMUNITY OR PROPERTIES TO PURCHASE IN THE COMMUNITY, INCLUDING DEVELOPING PLANS FOR THE IMPROVEMENT OF SPACES AND THE FINANCING FOR THOSE IMPROVEMENTS.REDESIGN ALSO MANAGES THE HIAWATHA REVOLVING LOAN FUND WHICH MAKES BELOW-MARKET LOANS TO SMALL BUSINESSES THAT CREATE JOBS WITHIN THE COMMUNITY THAT OTHERWISE DO NOT HAVE ACCESS TO NEEDED CAPITAL.

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