Senate Proposal Includes $80 Million for Housing

This morning, the long-awaited Senate bonding proposal was released by the Capital Investment Committee. The proposal includes $80 million for housing. We are grateful to Senate Capital Investment Committee Chair Stumpf and the entire committee for such a strong showing for housing. How does this compare to the House proposal,…

Post-Session Housing Highlights for 2014 in Minnesota

The 2014 legislative session might be well behind us. But this year’s short session brought huge achievements for housing, and we wanted to provide a recap. The most notable accomplishment of the session was hard to miss: passage of a full $100 million in bonds for affordable housing in the…

Congressman Ellison Calls Housing Funding Policies “Upside-Down”

Congressman Keith Ellison’s “Housing Funding Strategy is Upside-Down” opinion piece, recently published in the Star Tribune, outlines how the federal government’s investment in housing is “upside-down.”  Homeowners, especially a small minority of the wealthiest homeowners, benefit significantly from several government subsidies, especially the mortgage interest deduction…

National Housing Trust Fund victory faces threat

Housing advocates are still rejoicing after the action taken by Federal Housing Finance Agency Director Mel Watt to direct Fannie Mae and Freddie Mac to begin sending a portion of their profits to the National Housing Trust Fund (NHTF) and Capital Magnet Fund (CMF) to meet the housing and community…

Housing update from the Minnesota Capitol

It’s been a busy legislative session at the state capitol, and MHP has been actively engaged. We have two main priorities this year: 1) the Homes for All proposal to increase funding for housing and services by $39 million for 2016-17 and 2) expanding workforce housing in Greater Minnesota in…

MN House proposes cuts, inefficient housing policy

Workforce housing has been a key policy priority for MHP, along with strong support for affordable housing through Homes for All. However, the MN House of Representatives’ budget proposal for housing, released last week, funds workforce housing at the direct expense of programs that serve lower-income Minnesotans. The House proposal cuts…

Housing Tax Credits up for extension – take action

The Senate Finance Committee, House Ways and Means Committee, Congressional and White House leadership are finalizing details on legislation that would extend dozens of expired tax provisions either temporarily or permanently before the December 11 deadline. Take action today to influence the bill in support of permanent 9 and 4…