City of Falcon Heights Planning Commission Agenda Packet 2026-06-23
Velair Proposes 30-Year Affordable Senior Housing Project
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Description
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.
Contract Details
Vendor
VELAIR DEVELOPMENT COMPANY
Agency
City of Falcon Heights, MN
Contract Type
CONSTRUCTION
Document Date
June 19, 2026
Contract Term
minimum of 30 years (affordability restriction)
Renewal Date
2056-03-24
Renewal Info
Project tied to funding terms; minimum affordability restriction of 30 years required.
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