- Created: Tuesday, 30 July 2019 15:30
- Written by Laura Proescholdt
St. Paul, MN (July 30, 2019) — Today, Minnesota Housing Partnership is announcing the release of its Local Housing Trust Fund Manual for Minnesota. Local Housing Trust Funds are established by a local government by dedicating local public revenue for housing. With 80 pages of references, case studies and explainers, the Local Housing Trust Fund Manual for Minnesota provides an in-depth discussion of key decisions local communities will make to establish a Local Housing Trust Fund (LHTF) — from creating priorities to choosing revenue sources.
When it comes to housing, Goodhue County Commissioner Brad Anderson's view is, "Not doing anything is not an option." That’s why he and other local leaders established a housing trust fund in Goodhue County as a resource to creatively address evolving local needs. Minnesota Housing Partnership released this manual to help other Minnesota communities do the same.
“Local communities aren’t going to let Minnesota’s affordable housing shortage hold them back any longer,” said Anne Mavity, Executive Director. “They’re ready to innovate and take action. By creating a Local Housing Trust Fund, communities can implement programs that meet their unique needs and leverage the resources they need to thrive.”