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Minnesota’s Red Lake Nation in $42M Affordable Housing Project

Minnesota’s Red Lake Nation in $42M Affordable Housing Project

Red Lake Nation in partnership with design firm Cunningham are building a $42 million, 110-unit affordable housing development located in the American Cultural Corridor of Minneapolis. The project will provide housing for Red Lake Ojibwe Band members and other local Native American residents.

Sam Olbekson, founder of Full Circle Indigenous Planning and Design, says the project is the first major tribal real estate development in a major city. With project financing coming from the city of Minneapolis, the Shakopee Mdewakanton Sioux Community and 15 other sources, the six-story development will have  a Red Lake Nation embassy and healthcare clinic in addition to the housing units.

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Sam Olbekson

About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

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