Old Third Avenue Townhomes: Creating a Residential Community
Old Third Avenue Townhomes is the last of a three-phase development bringing diverse housing options to a St. Anthony East neighborhood block that had long been underutilized.
Phase I, completed from 2003 to the present, included razing of substandard structures and site reconfiguration to accommodate future development.
Phase II, a partnership between Aeon and Clare Housing completed in 2005, included the creation of Clare Apartments, 32 affordable apartment homes for persons living with HIV/AIDS and very low incomes.
Phase III is a partnership between Aeon and Twin Cities Habitat for Humanity to create Old Third Avenue Townhomes that will offer homeownership opportunities for eight households earning low incomes. Habitat for Humanity has successfully matched all eight units with first-time homeowners. These households, earning less than 50 percent of the median income, will transition from rentals to ownership in 2012. (For more information about Habitat for Humanity's homeownership process, contact John Blamo at 612-305-7135.)
Old Third Avenue Townhomes, located at the intersection of Third and Central Avenues in Minneapolis, will allow eight households earning less than 50% of the Area Median Income to transition from rental to homeownership.
Creating a vibrant community
The St. Anthony East Neighborhood Association has worked for decades to develop this once blighted and deteriorating site. Aeon and Twin Cities Habitat for Humanity share the neighborhood’s commitment to create a vibrant residential community.
Learn more about Old Third Avenue Townhomes – including its funders and impact on the community.