The county’s investment is part of a $25 million metro-area initiative by the Greater Minnesota Housing Fund, to acquire these units to keep them affordable. The program will target rental properties that are at risk of being converted to higher rents, and where low- and moderate-income residents are at risk of being displaced.
In Hennepin County, housing costs for 150,000 families consume more than 30 percent of their gross incomes; for about 60,000 households, rent is in excess of 50 percent of their incomes
Greater Minnesota Housing Fund
332 Minnesota Street
Suite 1650 West
Saint Paul, MN 55101
Main 651.221.1997
800.277.2258
Fax 651.221.1904
info@gmhf.com
