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Affordable Housing Development By Targeted Income and Ownership Group
Why This Is Important
In order to continually grow and thrive, Minneapolis needs a range of affordable housing options for people at every stage of life and facing a variety of circumstances. This includes housing for single-parent families, low-wage workers, the elderly, homeless youths, people with special needs and recent immigrants. City policy encourages this housing to be near jobs and transit wherever possible.
What's Being Done
The City of Minneapolis supports the construction and preservation of affordable housing opportunities throughout Minneapolis using dollars from its own budget, as well as funding secured from federal and state agencies, Hennepin County and charitable foundations. The City uses these resources and leverages its own investment to continually build an inventory of attractive, high quality and affordable housing that also enhances neighborhood stability and sparks reinvestment by residents, businesses and other sectors of the community.
About This Measure
The chart displays recent levels of affordable housing production at two levels of affordability: 50 percent and below metropolitan median income, and 51 percent to 80 percent. The data for the chart is from the Housing and Urban Development Consolidated Plan, a report the City of Minneapolis is required to complete and maintain on an annual basis.
Last updated Feb. 23, 2012
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