Skyridge Flats provides affordable senior living with rent capped at $800, including utilities, for residents aged 55 and older.
Affordable Housing Designed for Seniors 55+
Skyridge Flats features 70 apartments exclusively for seniors aged 55 and older. This targeted focus ensures that older adults have access to housing specifically tailored to their needs, enhancing their quality of life while fostering a supportive community environment.
Rent Capped at $800 Inclusive of Utilities
One of the key benefits of Skyridge Flats is the rent cap at $800 per month, which includes all utilities. This pricing model offers seniors a predictable monthly expense, an important factor for those living on fixed incomes. Including utilities eliminates unexpected bills, easing financial stress and supporting better money management.
Dedicated Housing Units for Veterans Exiting Homelessness
Seven units within the development are reserved for veterans transitioning out of homelessness. This allocation directly addresses the needs of a historically underserved group, providing stable housing that supports their reintegration into the community and long-term well-being.
Innovative Multi-Source Financing Model
The $19 million Skyridge Flats project was funded through a combination of state bonds, Duluth Housing and Redevelopment Authority (HRA) assistance, and contributions from city and county funds. This diverse financial approach not only made the project viable but also serves as a replicable model for other affordable housing developments seeking to leverage multiple funding sources.
Alleviating Duluth’s Affordable Housing Shortage
By focusing on senior housing, Skyridge Flats helps relieve pressure on Duluth’s limited affordable housing market. The development frees up single-family homes, allowing families and other homebuyers to enter the housing market, which contributes to greater market balance and availability across different demographics.
Inclusive Utilities Streamline Budgeting and Promote Independence
Including utilities in the rent simplifies monthly budgeting for residents, reducing the complexity of managing separate bills. This not only fosters financial independence among seniors but also encourages community stability by minimizing disruptions caused by utility-related issues.
A Model for Supportive Affordable Housing Communities
Skyridge Flats exemplifies how targeted, affordable housing can address multiple community needs—senior living, veteran support, and affordable housing shortages—while promoting financial stability and independence. The project’s design and funding approach offer valuable insights for similar developments aiming to support vulnerable populations effectively.
Through its comprehensive approach, Skyridge Flats stands as a promising example for cities looking to enhance affordable housing options for seniors, incorporating financial predictability and community support into its framework.