Hennepin County became the first government in the region Tuesday to pitch in on a new effort to help preserve what is termed “naturally occurring” affordable housing in the metro area. The county’s $3 million will be combined with money from other sources, including foundations and banks, to build a $25 million fund led by…
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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. See the…
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