During its November meeting, the board of the Minnesota Housing Finance Agency (MHFA) dedicated most of its discussion to proposed changes to the 2017 and 2018 Qualified Allocation Plan (QAP) and the public’s response to those changes. The board also considered the history, governance, and use of tax exempt bonding…
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Micro-grants available for fair housing community engagement in the suburbs
In May, a group of government officials and community leaders started a year-long process to more deeply investigate the barriers to fair housing faced by communities of color — and rewrite a key document that informs how federal dollars flow into the Twin Cities region. After…
MN Housing board update: Proposed changes to 4 percent tax credit
During its October meeting, the board of the Minnesota Housing Finance Agency (MHFA) covered several critical topics, including $80 million in funding awards from the 2016 Consolidated RFP and proposed changes to the allocation of 4 percent federal housing tax credits. In her opening remarks, Commissioner Mary Tingerthal informed the…
The Little HRA that Could: MHFA Funds White Pine Apartments in Cloquet
“I wanted to pinch myself,” says Debra Shaff, Executive Director of Cloquet Housing and Redevelopment Authority. Last month, Minnesota Housing Finance Agency (MHFA) announced that it would provide $542,000 in funding and an estimated $5,717,724 in 9 percent tax credit equity…
$80 million for affordable housing far short of growing need
In April 2015, Janet Troutman-Simmons got news she could only describe as “devastating.” Along with scores of other seniors, the 89-year-old St. Paul resident faced the prospect of having to find new housing when the owner of Como By The Lake decided to discontinue acceptance of Section 8…
Seeking Solutions: Eric Hauge, HOME Line
This month, MHP released a new report that examines the pace, price and locations of more than 1,000 apartment property sales in the seven-county metro region. The findings are clear: Over the past decade, renters at low- to moderate- income levels have had an increasingly difficult…
Sold Out: Vicki Olson
Sold Out, a report released this month by MHP, analyzed more than 1,000 apartment property sales in the Twin Cities metro region over the past decade. One trend to emerge: higher income households are driving the rental market — putting many low- to moderate- income renters at risk…
Sold Out: Bernard Campbell
Last week, MHP released a new report examining more than 1,000 apartment property sales in the Twin Cities region over the past decade. Sold Out reveals that a hot rental market is putting many metro renters at risk of displacement — and includes the experiences of…
Housing Institute model proves collaboration creates progress
This month, MHP celebrated the six year anniversary of the Housing Institute with our partners at Greater Minnesota Housing Fund — and rural housing leaders from across the state. To mark the milestone, we examined the evolution, successes and impact of this transformative program…
Seeking Solutions: Tim Thompson, HJC
For residents of Crossroads at Penn in Richfield, a new owner and the complex’s subsequent rebranding as “Concierge Apartments,” meant embarking on a challenging search to find a new housing. Over a year ago, Tim Thompson of the HJC decided to step in on behalf of those tenants. Thompson…