How many hours per week do hard-working Minnesotans need to work to afford rent? According to our new 2015 Out of Reach Minnesota report, a minimum wage worker in Minnesota must work 68 hours a week, 52 weeks a year to afford a typical one-bedroom apartment at fair market rent. For a two-bedroom apartment, 86 hours per week would be needed. The national Out of Reach is produced annually by the National Low Income Housing Coalition (NLIHC) with rental affordability data for every state, metro area, and county in the US. The Minnesota report is produced by MHP using NLIHC data. How does Minnesota compare to other states? What wages are required to afford housing? Read the report to find out how your county stacks up.
Loan pools, POD’s, and collaboration. MHP’s newest Impact Spotlight features the leadership of Urban Homeworks and the vibrant set of development solutions the organization employs to overcome obstacle and rebuild community.
The Spotlight covers the organization’s innovative people-focused development model and the creative financial strategies that fuel the work. As Urban Homeworks’ story reveals, when these solutions are paired with a commitment to equity and a visionary drive, dramatic changes result in the community landscape: a housing stock is restored, a sense of hope is renewed, a community is reclaimed.
This month's meeting of the Minnesota Housing Board included a legislative update and final approval of the scoring criteria for 2017 low income housing tax credits. The board approved several changes in downpayment and closing cost assistance to help reach more homeowners. Board members also approved two new contracts using HUD 811 resources, which offer project-based rental assistance for people with disabilities.
Since at least the 1940s, there have been lawsuits nationwide regarding racial segregation and affordable housing. A recent controversial report from the Institute for Metropolitan Opportunity at the University of Minnesota and a related fair-housing complaint have amplified the discussion in Minnesota.
To help readers consider the issues surrounding racial segregation and affordable housing, MHP has compiled a sampling of reports, studies, and articles from various perspectives on this issue, as well as some historical context. Look for more posts in the coming months, as MHP moves towards formulating a policy position to help guide this important public discussion.