The document presents data on racial disparities in homeownership in Minneapolis, highlighting a significant gap between white (59%) and non-white (25%) ownership rates in 2010. It outlines initiatives for neighborhood stabilization and investments aimed at reducing foreclosure impacts and improving homeownership rates among minority communities. The document also mentions the involvement of minority- and women-owned businesses in housing contracts and details funding allocations for housing development projects.

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