CommonBond Communities, a nonprofit provider of affordable and supportive housing throughout the Midwest, will lay off 117 positions from its St. Paul headquarters, cutting its central workforce by more than half.
In a letter to the Minnesota Department of Employment and Economic Development, officials with CommonBond said they had decided to outsource their property management department and “tangential positions” from 1080 Montreal Ave. to “other companies within the area.”
The layoffs are scheduled to begin July 18 and continue through Jan. 31, impacting a variety of company work units, including community resource advantage services, compliance, facilities, finance, fund development, human resources, information technology, marketing and communications, and property management.
The reduction in workers will leave a team of 107 employees covering the remaining business areas. No further information was immediately available.
Since 1971, CommonBond Communities has managed and developed affordable housing in more than 60 cities across Minnesota, Wisconsin, Iowa and South Dakota. Its properties include Seward Tower East and Seward Tower West on Franklin Avenue in Minneapolis, as well as Skyline Tower, Wilder Square and Lexington Commons in St. Paul.
The nonprofit is also developing five affordable housing developments within Highland Bridge, including the new Lumin and Harken apartments, both of which cater to low-income seniors.
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