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Minnesota Housing programs

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IMPACT 20/20 Housing Summit
November 16, 2016

Published in: Government & Nonprofit
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Minnesota Housing programs

  1. 1. 1 Impact 20/20 Housing Summit: Minnesota Housing Activities, Programs, and Resources November 16, 2016
  2. 2. 2 Our Mission: Housing is the foundation for success, so we collaborate with individuals, communities and partners to create, preserve and finance affordable housing.
  3. 3. 3 Our Impact • 63,696 households served in 2015 • 2,329 units of new affordable rental units and affordable rental units preserved – Median annual income of renters assisted (excluding Section 8): $12,223 • 4,089 mortgages – Median annual income of homebuyers assisted $50,185 • $1.04 billion total resources allocated
  4. 4. 4 Our Housing Continuum Homelessness Prevention Supportive Housing Affordable Rental Housing Affordable Homeownership • Prevent homelessness before it begins • Permanent supportive housing for households experiencing homelessness • New construction or acquisition and rehabilitation of affordable rental housing • Preservation of existing affordable housing • First time homebuyer loans • Home improvement loans • Single family development Technical Assistance and Capacity Building
  5. 5. 5 Program Delivery • Nothing happens without our partners – Lenders – Developers/property managers – Social service providers • Programs accessed through a variety of delivery methods – Consolidated RFP – Pipeline basis • We do not own and operate any housing
  6. 6. 6 What We’re Doing in Northwest Minnesota
  7. 7. 7 2012-2016 Multifamily RFP Selections
  8. 8. 8 POHP and RRDL Projects
  9. 9. 9 2012-2016 Impact Fund RFP Selections
  10. 10. 10 Home Ownership Activity (10/2010-9/2015)
  11. 11. 11 Home Improvement Activity (10/2010-9/2015)
  12. 12. 12 Example: Thief River Falls Rental Housing • 24 units of rental housing funded through Housing & Job Growth Initiative • Need for affordable workforce housing cited as key to city’s economic health • Strong community support, housing study, technical assistance, and an experienced developer River Pointe Townhomes
  13. 13. 13 Example: Thief River Falls Homeownership Development • Two rounds of Single Family development • Leveraged contributions from a variety of sources • Strong local support, land use changes to accommodate development, housing study supporting the market need, technical assistance Building a Better Neighborhood
  14. 14. 14 Example: Crookston Rental Housing • Agassiz Townhomes • Family Housing for a growing workforce • Strong community support, experienced development partners, technical assistance, housing study supporting the need for rental housing
  15. 15. 15 Example: Bemidji Supportive Housing • 60 new construction units • Permanent supportive housing including 10 units for people who have experienced long term homelessness • Strong cross sector local support, clear and compelling community need, experienced developer, strong partnership with tribes, took advantage of technical assistance
  16. 16. 16 I have an idea…now what?  Do a housing study and create a housing plan  Learn to tell your story  Secure local support  Connect with Minnesota Housing and other potential funding partners  Connect up with developers  Take advantage of technical assistance opportunities
  17. 17. 17 For More Information Contact: Margaret Kaplan Margaret.kaplan@state.mn.us 651.296.3617 www.mnhousing.gov Hear more stories by watching the Housing is the Foundation for Success video series at www.youtube.com/Minnesota Housing

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