MHP Connect

Welcome to MHP Connect! The news blog that covers a variety of housing issues in Minnesota.

March meeting of the Minnesota Housing Board

The March Minnesota Housing board meeting included a summary of the Agency's 2013 investments by income and race, by strategic priority, and by geography.  It also included state and federal legislative updates, approval of the 2015 tax credit allocation plan and approval of a multi-agency plan to stabilize the Duluth Seaway Apartments.

   

$16.46 per hour required for 2 bedroom apartment in MN, finds Out of Reach report

midwest map 2014 minwageOn Monday, the annual Out of Reach report was released, with sobering findings for Minnesota.

According to the report, a minimum wage earner in Minnesota would have to work 91 hours per week – or hold 2.3 full time jobs -- to afford a modest two-bedroom apartment in the state of Minnesota. For the fourth year running, Minnesota has ranked the worst in the Midwest for affordability for minimum wage workers.

The Minnesota Out of Reach 2014 report, released jointly by the National Low Income Housing Coalition and MHP in Minnesota, provides rental affordability data for every state, metro area, and county in the US.

   

February Meeting of Minnesota Housing Board

The February Minnesota Housing board meeting included preliminary approval of the 2016 Qualified Allocation Plan, which are the guidelines the Agency uses to rank competitive applications for federal Housing Tax Credits ($12 million to be allocated by MHFA in 2016).   Other meeting highlights include approval of the Tribal Nations Consultation Policy as required of all state agencies, announcement of a new fund for energy efficient improvements to single family homes, and announcement of program administrators for increased funding to the Bridges Rental Assistance program which provides temporary rental subsidy payments for persons with a serious mental illness. 

   

Minnesota among most affordable states for working households, but more affordable housing needed

A study released last week by the Center for Housing Policy shows modest gains in housing affordability for working households from 2009 - 2012 for many cities and states across the U.S., including Minnesota and the Minneapolis-St. Paul-Bloomington Metropolitan Statistical Area (MSA).  The report concludes that we must continue to invest in housing production aggressively, to counterbalance rising rents and home prices.  

   

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Announcements on the Blog

Project for Pride in Living, the Center for Urban and Regional Affairs, MSR Architects, Watson Forsberg, and their partners were selected to participate in Phase II of the MN Challenge to Lower the Cost of Affordable Housing. Congrats!

Affordable Housing Loan Funds
Up to $300,000 Available for Your Project/Program. Learn More & Apply Today! 

Impact Spotlight of the Month

Hawthorne EcoVillage

Minneapolis, MN

EcoVillage MURL House

 

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MHP Connect was formerly known as The Bulletin. Access back issues of The Bulletin here.