City Investments in Housing and
Business Development
Why This Is Important
This map displays the City's Department of Community Planning and Economic Development's (CPED) recent program and project investments in housing and business development. The shaded areas reflect neighborhoods, commercial corridors and neighborhood nodes that have been identified as "target" or "priority" areas for City assistance. Overlaying CPED program investments against designated target and priority areas illustrates the extent to which City investment aligns with its priority areas.
What's Being Done
The projects reflected in the map include a variety of housing, commercial development and business assistance programs, which are described in detail on CPED's Web site at the indicated links. These include housing programs that support Minneapolis residents and communities across the entire housing continuum: from emergency shelters and transitional housing to affordable and market-rate rental and ownership opportunities. They also include commercial or industrial development and redevelopment activities at key areas within the city, such as commercial and transit corridors, neighborhood commercial nodes, industrial business park opportunity areas, in the Riverfront Mill District and the Central Business District. Finally, they include a variety of financing programs, ranging from $1,000 to $10 million, to assist Minneapolis businesses and the city's business associations.
About This Measure
The "commercial corridor," "intervene," "support," "priority commercial nodes," "community corridor" and "CDBG target neighborhood" designations on the map reflect factors such as income, housing stock condition, the prevalence of foreclosures, lagging commercial activity, etc., and collectively can be thought of as areas experiencing market stress. The City's goal is to leverage public development and other tools to revitalize these priority areas and maximize private investment.
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