Department of Community Planning & Economic Development (CPED) presentation from One Minneapolis: A Call to Action! conference December 2, 2011 hosted by the Minneapolis Department of Civil Rights

1. Tom Streitz
Director of Housing Policy &
Development
City of Minneapolis

2. Racial Disparity in Home
Ownership
Volume and percentage rate of homeownership by
white and non-white Minneapolis households
Sources: 2000 Census and 2000-2009 American Community Survey
100,000 63% 63% 64% 63% 70%
61% 60% 60% 61% 60% 61%
90,000 58%
60%
80,000
70,000 50%
Housing units
60,000 36%
40%
50,000
31% 31% 29% 30% 31% 28%
28%
26% 30%
40,000 21% 23%
30,000 20%
20,000
10%
10,000
- 0%
2000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Census ACS ACS ACS ACS ACS ACS ACS ACS ACS ACS
White Non-white
White homeownership rate Non-white homeownership rate

3. Emerging Market
Homeownership in Minneapolis
o 2010:
o White Non-Hispanic 59%
o Emerging Market 25%
o Gap 34%
o Source: 2010 Minnesota Baseline Housing Measures Report,
o McKnight Foundation & HousingLink

7. o Concentration of
Vacant, Boarded, and
Condemned
Properties

8. o Concentration of
Foreclosures

9. o Minneapolis Housing
Investments, 2010

11. Prevention
o Outreach and
counseling
o Costs:
o $500 to prevent a
foreclosure,
o $78,000 once in
foreclosure

12. Reinvestment
o Aggressive property acquisition and
development
o Neighborhood Stabilization Program
o Lank Banking and First Look
o Northside Cluster Developments
o Strategic Acquisition Fund

13. Minneapolis NSP Employment
o NSP Contractors include:
o 28% Minority-owned Business,
o 12% Women-owned Business, and
o 27% Section 3 low-income contractors.
o $9,484,243 total contracted.
o NSP provided nearly 84,000 hours of
employment to these contractors.

14. Neighborhood Investments
That Work
Before
After

15. Cluster Strategy

16. EcoVillage

17. Repositioning
o Community Building and Marketing
o Minneapolis Advantage
o Minneapolis Advantage NSP

18. Impact of Neighborhood
Stabilization

19. Leveraging the AHTF
$140,000,000.00
$120,000,000.00
$100,000,000.00
PROJECT FUNDING
$80,000,000.00
AHTF
LEVERAGED
$60,000,000.00
FUNDING
$40,000,000.00
$20,000,000.00
$-
2003 2004 2005 2006 2007 2008 2009 2010
YEAR

20. Housing Development
Rank 2006 2007 2008 2009 2010
1 Minneapolis Minneapolis Bloomington Shakopee Minneapolis
1,571 1,012 464 328 865
2 Woodbury Woodbury Minneapolis Minneapolis Woodbury
696 459 417 & Blaine 517
274 (tie)
3 Lakeville St Paul Lakeville - Blaine
448 409 414 331
4 Otsego Lakeville Woodbury Woodbury Maple Grove
428 374 351 245 309
5 Brooklyn Park St Paul Park Maple Grove Maple Grove Bloomington
419 308 328 232 286

21. Minneapolis Affordable Rentals
o 2010:
o 207 new affordable units created
o 442 units preserved or stabilized
o Source: 2010 Minnesota Baseline Housing Measures Report,
o McKnight Foundation & HousingLink