Establish a Twin Cities metropolitan-wide fund for affordable housing that is locally raised and controlled.
Between the years 2000 and 2013 the number of households spending half of their monthly income on housing nearly doubled, increasing to 13 percent of all Twin Cities families. The need for affordable housing continues to grow. Workers struggle to find housing near their jobs, seniors must choose between rent and medication, and children without a stable home have difficulty succeeding at school. It’s time we establish a sustainable financial resource for affordable housing that is significant in scale, available for incorporation into local planning processes, and targeted toward the most significant housing need in the region.