Minnesota Housing Partnership (MHP) is disappointed in Governor Walz’s proposed budget for FY2025. While no cuts to housing were proposed, Minnesota needs serious and robust long-term solutions to provide the housing our state needs to thrive. Inflationary pressures and chronically underfunded resources for housing mean that existing budgets are not keeping up with the stress of the housing needs of hard working Minnesota families and businesses.

MHP Executive Director Anne Mavity responded with a call for action:

“Housing is central to Minnesota’s prosperity. Having no cuts to the housing budget avoids further harm, but in the face of rising housing costs, growing demand, and the urgent need for solutions, flat funding isn’t enough. We need bold, forward-thinking policies and investments to meet the scale of the challenge.”

Mavity continued:

“Housing is a bipartisan issue that benefits every Minnesotan. Smart investments in housing strengthen businesses, support local economies, and prevent costly interventions later. By creating homes for workers near job opportunities, we help businesses grow and communities thrive. The future of Minnesota depends on our ability to invest in the resources that allow everyone to live, work, and contribute to our shared prosperity.”

Looking ahead, MHP urges state leaders to address stabilizing and preserving the housing we have and pursue zoning reforms and land use policies that unlock opportunity to create more homes more cost efficiently. In addition, capital investments, including Housing Infrastructure Bonds (HIBs) will be a critical tool for ensuring new homes can be created to keep up with population and job growth. As legislative discussions begin, we are looking forward to bipartisan collaboration to ensure that Minnesota remains a leader in housing solutions that benefit all.