Minneapolis City Council committee approves $18 million for Affordable Housing Trust Fund projects

"A landmark day," mayor says after the unanimous council committee vote."

Drawing on $18 million from its beefed-up fund for affordable housing, Minneapolis City Council members tentatively approved projects that will create or preserve 1,022 units across the city.

The council’s housing committee voted unanimously to approve 12 projects for housing trust-fund dollars. The housing options include senior housing, culturally specific housing for Minneapolis’ Native community, mixed-use housing and low-income housing including units for Section 8 aid recipients.

The approved funding marks “a landmark day” for the city in its continued efforts to bolster affordable housing, Mayor Jacob Frey said at a news conference Wednesday afternoon.

“We were intentional about making sure we were striking while the market was hot, making sure that we’re producing as many affordable housing units as possible,” Frey said. “We were intentional about making sure that we had affordable housing throughout our city, and we were preserving naturally occurring affordable housing in every neighborhood, and what you’re seeing today is a convergence of those two ideas.”

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"Minneapolis City Council committee approves $18 million for Affordable Housing Trust Fund projects"; By Marissa Evans; StarTribune; November 13, 2019

Keywords: Affordabilit; HousingCrisis; Projects

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