New Report: Growing Number of Minnesotans Can’t Afford Rent
The Out of Reach report, produced annually by the National Low Income Housing Coalition, spotlights the growing gap between what rental housing costs and how much renters earn. According to analysis by the Minnesota Housing Partnership, Minnesota residents in every corner of the state face significant housing hardships.
“Minnesota must face the growing crisis of families being unable to cover housing costs,” said Chip Halbach, Executive Director of the Minnesota Housing Partnership. “The price we will pay for our inaction will be seen across the age spectrum, from school children with unstable homes falling behind in their studies to senior citizens forgoing medicine and food to retain their shelter.”
“The shortage of stable and sustainable rental housing is hurting communities throughout Minnesota — and we need to address this issue now,” said Jeremy Schroeder, Policy Director for the Minnesota Housing Partnership. “The rising costs of rent and the shrinking supply of available units makes growth in greater Minnesota impossible. It’s clear that the most important way we can help struggling working families is to provide more access to affordable, stable housing.”