MHP Connect

The money tree was shaken hard at the Minnesota Housing October board meeting. In making its annual funding awards, the Agency committed $134 million. This commitment will result in development of 3,070 housing units and will sustain 4,500 jobs. The Agency's October board report ran 320 pages. That's what it took to describe one of the largest funding commitments ever made by Minnesota Housing through the Consolidated Request for Proposals (RFP).

A recent poll commissioned by the National Low Income Housing Coalition shows that while a majority of Americans support the Mortgage Interest Deduction, a majority also support reforming it to make it more beneficial for middle and low income homeowners and renters. 

The September board meeting for Minnesota Housing included an overview of a new web-based housing counseling program and cost-saving measures and budgets to be proposed to the Governor. In addition, the Board approved the 2013 Affordable Housing Plan.

While the national housing picture is finally showing some improvement, a new study has uncovered some startling figures about the number of unnecessary foreclosures that took place during the peak of the housing crisis.  You can also see housing information about Minnesota in state profiles from NLIHC and MHP.  Finally, two new books address what works in community development and workforce housing intiatives, and what can be done to improve these important efforts.