At the March Minnesota Housing Board meeting, the board touched upon many upcoming events. A new board member was introduced, and Commissioner Tingerthal discussed legislative updates and a recent workforce housing editorial. The board weighed in on a draft of the 2016-2019 Strategic Plan, and the April meeting agenda was also discussed.
In a previous blog post, MHP discussed the nation’s growing need for affordable and accessible senior housing. Thanks to a new, Minnesota study on the demand for senior affordable housing released in November, we can dig deeper and examine the more specific affordable housing needs of Minnesota’s seniors*. Already, 1 in 5 Minnesota counties have populations where more than 40% of residents are age 55 or older, and the number of seniors statewide is expected to increase nearly 40% by 2030. The study, commissioned by a group of housing authorities and developers, highlights four major findings facing Minnesota in the next 15 years, and provides a foundation for housing policy proposals currently being discussed at the Capitol.
Rural Capacity Building Grant award locationsAs the result of a recent federal grant, MHP staff are preparing for work in three rural US communities: Osage County, Oklahoma, the Lakes & Pines Region of E. Central Minnesota, and Bowman and Golden Valley counties in North Dakota. All three communities, which have undertaken extensive planning and strategizing, are poised to implement a wide variety of development projects under the grant.
Just a few weeks into their tenure, MHP’s newest board members represent a broad cross-section of industry leaders from both the Metro and greater MN and from the private, public, and nonprofit sectors. The diversity and perspectives brought by the new board members will expand the organization’s capacity in areas of finance, real estate development, and racial equity. New to the MHP Board are: