Minnesota Housing Finance Agency

Dayton creates task force to address ‘persistent crisis’ regarding affordable housing

Gov. Mark Dayton announced Thursday the creation of a large task force to examine and make recommendations on affordable housing, calling it a “persistent crisis” for Minnesota families. The nonpartisan Governor’s Task Force on Housing will make recommendations by July 31 to include specific policy proposals and actions that can be taken by the executive… More

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Report: Investors upgrade apartments, displace renters

Apartment sales in the seven-county metro increased 165 percent between 2010 and 2015, according to the report, which analyzed data from Marquette Advisors, CoStar and Finance & Commerce’s Twin Cities Apartment Sales Tracker. Many units – often in Class B or Class C buildings – are being refurbished, rebranded and leased for more than the… More

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$75M Awarded to Greater MN for Affordable, Workforce Housing

Policymakers and business leaders say a lack of available rentals is stunting economic growth. In addition, the Minnesota Housing Finance Agency and several partner organizations will funnel about $17.2 million into affordable housing projects in the seven-county Twin Cities metro area. All together, the funding announced Thursday will go toward 51 projects that open up or… More

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Income and price changes present challenges for home-buyers in East Central Minnesota

An abundance of resources and programs to make housing easier to obtain are available to aspiring and first-time homeowners, but at the East Central Housing & Community Dialogue in Braham Oct. 6, facilitators of these programs revealed not enough of those in the lending and housing industries are aware of them, especially in rural Minnesota… More

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Historic Minneapolis Apartments to House Formerly Homeless Residents

A century after its construction, The Lonoke apartment building in Minneapolis is undergoing a renovation that development partners say is an important step toward ending homelessness in the city. Minnesota-based developer Beacon Interfaith Housing Collaborative found strong neighborhood support for converting The Lonoke from market-rate apartments into 19 units of affordable housing for low-income households… More

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