Velair Proposes 30-Year Affordable Senior Housing Project

Velair Development Company presented its Fairway Commons affordable senior housing project as part of a PUD amendment application before the Falcon Heights Planning Commission. The project will be age-restricted and affordable for a minimum of 30 years, as required by funding agreements. No final contract award was made pending city approval processes.

Document date · June 19, 2026

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Scope & details

The full contract record, as filed.

Contract type

CONSTRUCTION

Contract term

minimum of 30 years (affordability restriction)

Renewal date

2056-03-24

Renewal

Project tied to funding terms; minimum affordability restriction of 30 years required.

Document type

AgendaPacket

Source document

City of Falcon Heights Planning Commission Agenda Packet 2026-06-23

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by City of Falcon Heights?

Velair Development Company was awarded this construction contract by City of Falcon Heights, as recorded on June 19, 2026.

What type of contract is this?

This is a Construction contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Falcon Heights Planning Commission Agenda Packet 2026-06-23 (AgendaPacket), dated June 19, 2026 from City of Falcon Heights. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Velair Development Company hold?

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