DMC’s growth will bring housing need

Post Bulletin reported that the influx of 35,000 to 45,000 jobs brought by Destination Medical Center also will bring an influx of new residents.

And they’ll need places to live at affordable prices because many won’t be highly paid.

A recent survey showed a critical shortage of affordable housing in Olmsted County, and now area leaders are digging in to address that problem.

Creating affordable housing key to DMC success, said Warren Hanson, president and chief executive officer of the Greater Minnesota Housing Fund.

“It’s probably at a crisis level issue for those households that make low-wage incomes,” Hanson said. “They’re going to be left further and further behind as DMC succeeds if there’s no plan to create workforce housing.”

Read the fully story on Post Bulletin.

QUICK FACTS

Olmsted County’s vacancy rate for affordable rental housing was at 1.2 percent, and the rate was 0.8 percent for affordable senior housing.

The county needs 246 new affordable units per year and 126 units per year for affordable senior units.

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