Realife Cooperative of Burnsville is the first limited equity cooperative Dick Hanson worked on since 7500 York in Edina. Nichols worked tirelessly to educate the market analyst at the housing and Department of Urban Development that cooperatives are a housing choice that would not negatively affect other senior types of housing in the market. This development approval opened the doors for future cooperative developments to be insured by the Department of Housing and Urban Development. Nichols acted as a partner to ensure the successful finance and development of this innovative and valuable housing option succeeded allowing others to follow.
