Hot Property: The Glen at Valley Creek in Woodbury

Address: 7987 Afton Road, Woodbury

Type: Senior housing

Units: 42

Cost: $12.5 million

Developer: Washington County Community Development Agency

Architect: Cermak Rhoades Architects

Details: Washington County has gained city approvals for the Glen at Valley Creek, a 42-unit affordable senior housing apartment building on a redevelopment spot in Woodbury.

The CDA acquired the 2.3-acre parcel last year after landing a deferred mortgage loan from the Minnesota Housing Finance Agency, as well as tax credits and funding through a new state pilot program. The Metropolitan Council and the city also contributed grants.

The apartments will be restricted to seniors with incomes below 50 percent of the area median income, which in Woodbury is $31,560 for a household of one, or $36,200 for a household of two. City officials said there are currently only 61 units in Woodbury that are restricted to such extremely low-income households, which tend to be led by seniors. Amenities will include reading and community rooms, a family/meeting room, fitness room and front screened porch.