MHP Connect

February 2013 MN Housing Board Meeting

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Created: Tuesday, 26 March 2013 09:25

The February Minnesota Housing board meeting included updates on a range of topics, from the financial picture of the Agency, to changes in loan programs, and more.

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Family Homelessness at Record High, Foreclosures Drop in Latest 2x4 Report

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Created: Tuesday, 26 March 2013 16:06

The latest 2x4 Report was released today, with findings that remind us that though the economy has improved for some, many others are being left behind. In sum, record numbers of homeless families sought shelter in Hennepin County, while rents continued to rise. On the other hand, falling foreclosures and mortgage delinquencies spelled good news for the beleaguered home ownership market.

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Homes for All gaining momentum at the Capitol

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Created: Friday, 22 March 2013 14:21

The Homes for All bills to help stabilize families with affordable housing, prevent homelessness, and create housing that serves our state's workforce continue to move forward, and support is growing. Over 70 organizations have now endorsed our coalition's legislation requesting a $50 million increase in state funding split between Minnesota Housing and four DHS homelessness programs, along with a $50 million in housing bonds.  Between successful recent hearings and favorable budget "targets" being set, we are one step closer realizing our shared Homes for All goals.

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Sequestration Impacts Hit Home

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Created: Friday, 22 March 2013 14:48

Sequestration, automatic across-the-board cuts to federal defense and non-defense discretionary spending, was meant to be a disincentive for political gridlock.  However, it apparently did not serve its intended purpose as federal lawmakers were not able to agree on a deficit reduction package by the March 1st deadline.

Though advocates hoped Congress would craft an alternative deficit reduction package when it recently took up the 2013 budget bill, on March 21, 2013, Congress passed a 2013 budget bill that reaffirms sequestration. Needless to say, this is bad news for housing and the impacts of sequestration are already being felt in Minnesota. A federal and state summary follows, along with a call for advocates to make their voices heard in light of the devastating cuts.

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