2014 County Profiles2014 County ProfilesMHP's 2014 County Profiles, released this week, reveal that affording rent is now more difficult for renters than it was in the year 2000 in all but three of Minnesota's 87 counties. Rising rents and falling incomes for renters are to blame.
Since 2000, Minnesota's median rents have risen by 6%, while incomes for renters have fallen by 17%. This pattern plays out in most of the state's counties, with median rents rising in all but six counties, and renter incomes falling in most. The gap between rents and incomes has worsened in all but three Western Minnesota counties (Wilkin, Marshall, and Stevens) since 2000.
In addition to information about changes in rents and renter incomes, the 2014 profiles are packed with other information, including data about homelessness, the housing stock, costs to rent and own, and workers' wages. Profiles for Minnesota's 87 counties and the state as a whole, as well as charts, maps, and analysis, are available here.
Minnesota is fortunate to have several well-respected organizations producing timely and useful reports on our state's top housing and community issues. This resource round-up features recent work from three local organizations: Family Housing Fund, Minnesota Homeownership Center, and the Wilder Foundation, looking at children, rental, homeownership, and homelessness.
For the June meeting of Minnesota Housing’s board, a highlight of the discussion was the volume of housing development applications received this year after the Agency was awarded an additional $100 million in bonding funds at the legislature. Staff reviewed strategies the Agency is using to try to contain costs of developments. Some funds were approved for usage to augment supportive housing services for people who’ve been homeless long term. A new board member was introduced, and the board was informed of a slight increase in the Agency’s administrative costs.
GMHF seeks developers to respond to MN's shortage of workforce housing in new pilot program: Workforce Housing 2.0
Calling educators, health care workers, and law enforcement officers who believe that safe, affordable housing is critical for students, patients, and citizens. Homes for All wants your commentary or testimony! Please contact Leigh Rosenberg.
Live Q&A Webinar on the 2015 Multifamily RFP and Housing Tax Credit Round 1, Tues., May 5 from 10-11:30am