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  1. Local Study of Innovative Affordable Housing Design
  2. HOME Line Saves Tenants Millions
  3. Real Estate Investments that Serve Neighborhoods
  4. HousingLink Reports Detail Twin Cities Production and Availability

Local Study of Innovative Affordable Housing Design

In early 2010 Minnesota agencies held a series of forums to understand how Minnesota can improve the design of affordable housing. Based on this series, Innovation Beyond the Facade: Local and National Case Studies of Good Design in Affordable Housing examines seven Minnesota affordable housing projects and compares them to outstanding projects nationally. The report includes key findings and 14 recommendations for enhancing affordable housing design in Minnesota. The report was sponsored by McKnight Foundation, UM College of Design and several other agencies.

 

HOME Line Saves Tenants Millions

Minnesota’s tenant advocacy organization HOME Line has saved tenants an estimated $15.4 million and prevented 8,700 evictions over the past 18 years, finds a {jcomments on}new study.  Based on a survey of past clients by HOME Line’s Samuel Spaid and statistical analysis by U of M PhD candidate Craig Rolling, the organization is estimated to have saved renters living in foreclosed properties an estimated $4.2 between 2006 and 2010. For additional information and to see more results visit the HOME Line blog.

 

Real Estate Investments that Serve Neighborhoods

As fallout from the mortgage crisis, property investors now play a larger role in the real estate market through purchase of “real-estate owned” (REO) and other distressed properties. Responsible investors and landlords can serve neighborhoods and renters well, but irresponsible ones can produce long-lasting destabilizing effects. In a new report titled The Challenge of Distressed Property Investors in America’s Neighborhoods, Alan Mallach describes four types of property investors and how their strategies may serve or harm communities under different housing market conditions. The report devotes two chapters to the importance of strong local regulations and support to promote positive investor behavior and to strengthen affordable housing.

 

HousingLink Reports Detail Twin Cities Production and Availability

Two new reports released by HousingLink shed new light on affordable housing opportunities in the Twin Cities metropolitan area. 

  • The hSum report reveals that subsidized rental housing opportunities exist for only 1/3 of Twin Cities households earning less than 30% of area median income. Learn more about this "Opportunity Gap" by visiting the website.
  • The Housing Counts report provides annual production and preservation information about affordable housing projects that closed in the previous year in the Twin Cities seven-county metro area. The 2009 report found that 354 new rental units and 65 new ownership units were produced for families earning under 60 percent of area median income, and that 1,450 rental units were preserved or stabilized. MHP analysis of HousingLink’s Housing Counts data since 2002 shows that new rental unit production was down in recent years (see chart).