PendingOther

Episcopal Homes conduit revenue bonds — Willows of Ramsey Hill acquisition

Description

Episcopal Homes is asking the HRA to issue up to $18 million in tax-exempt conduit bonds to buy the 58-unit Willows of Ramsey Hill memory care facility. Vote and public hearing come February 4.

Impact summary

Adds 58 memory care beds in Saint Paul for a nonprofit serving about 2,300 people in the Twin Cities with a 100-person waitlist, plus a modest number of new jobs.

Applicant

Name: Episcopal Homes of Minnesota
Address: 80 McCoven Street, Saint Paul (Ward 1)

At a glance

Hearings: 1
Public comments: 1
Total mentions: 1

Last discussed Jan 28, 2026.

Meeting timeline (1)

Jan 28, 2026

Housing & Redevelopment Authority — January 28, 2026

Episcopal Homes is asking the HRA to issue up to $18 million in tax-exempt conduit bonds to buy the 58-unit Willows of Ramsey Hill memory care facility. Vote and public hearing come February 4.

Related issues (1)

Conduit bond financing for Episcopal Homes' Willows Project

Episcopal Homes wants to buy a 58-unit memory care facility using up to $18 million in tax-exempt conduit bonds issued by the HRA. The city takes no repayment risk, and about 100 people are waiting for memory care beds the acquisition would add.

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