To meet increasing affordable housing needs of seniors, Aeon’s Goldenrod Glen property will include 74 units for adults aged 55+
Aeon, a nonprofit developer, owner and manager of almost 6,000 affordable homes across the Twin Cities, is expanding to Big Lake, MN. On December 28, 2023, Aeon closed on Goldenrod Glen, new construction that will become a senior housing property.
“Senior citizens are among the fastest-growing populations in need of affordable housing, and I am thrilled that we will be able to help meet that need with the construction of Goldenrod Glen,” says Dr. Eric Anthony Johnson, Aeon president and CEO who was recently named one of Finance & Commerce’s Power 30 Developers. Johnson was named to the list for his work in creating a pipeline of affordable housing that stretches beyond the Twin Cities Metro. Expanding Aeon’s properties to Big Lake will build on this work and provide essential resources to low-income seniors.
Johnson continues: “The future residents of these homes deserve a welcoming, accessible and comfortable place to call their own, and that’s what we will give them.”
A few years ago, Big Lake’s primary senior housing building transitioned to exclusively assisted living. To meet the needs of seniors aged 55+ who do not need assistance, Aeon began assembling financing for Goldenrod Glen. Now, with funding from MN Housing and US Bank, the project can begin. Goldenrod Glen will be constructed next to the Big Lake Station of the North Star Commuter Rail, addressing the need for transportation accessibility among the senior community. The 74-unit property will also feature indoor and outdoor community spaces.
