St. Peter townhomes

Vista View Townhomes, off North Washington Street north of Dodd Avenue, will be rehabilitated using tax-free bonds obtained through the city. The development is affordable housing. Photo by Pat Christman

ST. PETER — The St. Peter Council approved acting as a conduit for borrowing money to rehabilitate Vista View Townhomes during its meeting Monday night.

The development, off North Washington Street north of Dodd Avenue, has 32 units built in 1999. A change in investment partners will lead to the sale to Vista View Townhomes II LLC and the new company will put about $428,000 in renovations into the units. Vista View Townhomes will have the responsibility of repaying the bonds, but the city’s actions will allow the $2 million bonds to be issued without taxes, aiding the rehabilitation of the affordable-housing units.

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