Adora now has backing from both of the city bodies it needed. The Bloomington Housing and Redevelopment Authority board voted 4-0 to approve a resolution of support for the 52-unit project. The resolution commits up to $300,000 in funding, paid from LAHA or in-lieu fee dollars, and sets up a housing TIF district for the development.
City of Bloomington@CityofBloomingtonMNThe board voted 4-0 to approve a resolution of support and up to $300,000 in funding (LAHA or in-lieu fee dollars) plus a housing TIF district for the 52-unit Adora affordable housing development at 13th and American, proposed by developer JO Companies on city-owned land.06/23
The project would go up at 13th and American, on land the city already owns. That's why the deal involves a land sale as well as financing. The developer is JO Companies, and the units are aimed at households below the area's median income.
The HRA vote follows the City Council's own approval. Council member Dalisandro moved to adopt a resolution supporting tax increment financing assistance for Adora and to authorize a letter of intent to purchase between the city and JO Companies. The motion passed.
City of Bloomington@CityofBloomingtonMNCouncil member Dalisandro moved to adopt a resolution supporting tax increment financing assistance for the Adora affordable housing project and to authorize a letter of intent to purchase between the city and JO Companies.06/29
As proposed, Adora would have 52 units and 66 underground parking spaces. That's more stalls than apartments, which is unusual for a building like this. TIF lets the city help pay for a project out of the extra property tax the new building generates, so the money doesn't come out of the general budget. The housing TIF district the HRA approved is how that works here. The HRA's up-to-$300,000 commitment is separate money, on top of the TIF.
The letter of intent to purchase is a framework, not a closed sale. It lays out how the city and JO Companies will work toward a formal land deal, which usually comes before a project like this can break ground. Neither meeting excerpt included the sale price, a construction timeline or a full financing breakdown.
Next comes the paperwork: a final purchase agreement for the city-owned site and the formal steps to set up the TIF district. No date for those steps has been announced. We'll update this story as the project moves forward.
From the meetings: City Council Meeting, June 29, 2026 and Housing and Redevelopment Authority Meeting, June 23, 2026.
