The award-winning nonprofit has built or renovated 1,705 apartments and townhomes, which provide stability to more than 3,000 people each year – including individuals and families with low to moderate incomes and formerly homeless individuals.

The organization’s inspiration to create community assets that last for generations stems from its name “Aeon,” which means “forever.” Its vision is that every person has a home and is interconnected within community.

Aeon was established in 1986 as Central Community Housing Trust (CCHT). Learn why the organization changed its name to Aeon in October 2007. 

Services
Aeon provides the following services:

• Housing Development: Renovating and constructing apartment buildings and town homes with a strong emphasis on quality, community participation, and people-centered design.
  
• Asset Management: Provide long-term sustainability planning, and work with professional property management companies for day-to-day management.
  
• Resident Connections: Helps residents create home by connecting them to each other and community resources.
  
• Property Management: Makes certain that Aeon’s values and high standards are reflected in the daily operations of each property, ensuring that properties are assets to residents and the greater community.

Residents
Aeon aims to provide housing options for people with low or moderate incomes, though some properties offer market-rate components as well. Aeon's supportive housing serves homeless youth, homeless adults, and homeless adults seeking a sober community.

In 2008, Aeon residents:

• Earned a median household income of $16,507

• Were 35% African-American, 30% African immigrants, 26% Caucasian, 2% Asian/Pacific Islanders, 2% Latino/Hispanic, 1% Native American, and 3% unknown/other.

Funding
Aeon raises the money needed to buy and build properties from city, state, and federal programs; public and private loans; and donations from private foundations, corporations, and individuals.

Aeon's yearly organizational expenses are funded through corporate and foundation grants, individual donations, developer fees, and government funding.

Property operating expenses are funded primarily by resident rents. Many very-low income families and individuals receive government rental assistance.

Properties
Aeon owns and manages 29 properties and 1,705 units of affordable homes in Minneapolis, St. Paul and Roseville.