Community Asset Development Group (CADG), out of the Twin Cities, has expressed a serious interest in creating a 43 unit apartment building to fall within affordable housing rules on the east side of Montgomery.
A parcel where it would reside currently owned by the city off the roundabout on 7th Street SE, just north of Elm Avenue SE, has been sitting vacant for some time and not earning any taxes.
“The site plan is pretty conceptual,” said Dave Pokorney, one of the two CADG partners. “We are just doing the financial modeling of approximately 43 units.”
