MHP's New "2 × 4" Report: Quarterly Housing Indicators
MHP’s new “2 × 4” Report covers two indicators for each of four key housing areas: the home ownership market, the rental market, homelessness, and the housing industry. Through quarterly updates, the report is designed to provide a concise and timely overview of housing challenges facing the state. The first release points to continued hardship and challenges for families and the housing industry.
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2009 County Housing Profiles Released
Many, including many employed, still cannot afford to live where they live. That’s the bottom line from the MHP's newest housing profiles of each Minnesota county. The county profiles paint a picture of continuing housing need, especially for lower-paid occupations. MHP’s housing profiles pull together data on changes in home prices, rental costs, foreclosures, homelessness, and unemployment. The profiles also include information about families paying more than they can afford for housing.
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State Housing Investment Creates Jobs and Generates Revenues
This new study finds that state funding for housing infrastructure, both new construction and rehabilitation, is a powerful tool to create jobs, economic activity and public revenues while addressing the housing crisis. Based on the analysis in this report, for every $1 million of state investment in the Challenge Fund, plus the $5.6 million of funding leverage it generates, Minnesota benefits over 5 years from from $8.8 million in wages, $16 million in spending, and $1.1 million in tax revenues. The state also creates 40 affordable homes.
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