Minneapolis Announces 11 New Affordable Housing Projects Totaling Over 800 Units
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Meeting Type:
Housing Authority
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Meeting Date:
12/10/2024
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Recording Published:
12/10/2024
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Duration:
17 Minutes
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State:
Minnesota
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County:
Hennepin County
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Towns:
Minneapolis
- Meeting Overview:
The Minneapolis Affordable Housing Trust Fund meeting announced the allocation of funds for 11 new affordable housing projects, totaling over 800 units, across the city. These projects aim to address homelessness and provide essential housing stability for residents. Additionally, nearly 45% of the units will be dedicated to deeply affordable housing, assisting households at or below 30% of the area median income.
The Native American Community Clinic (NACC) is one of the key projects presented, featuring a mixed-use development with 83 units. This project aims to integrate cultural elements into healthcare and housing, addressing the needs of the Native American community in South Minneapolis. The new clinic will include indigenous gardens and a culturally-centered space to enhance the wellbeing of its users.
Another notable project is Clare Housing, which will add 65 units dedicated to individuals living with HIV/AIDS. The focus on deeply affordable housing was emphasized, with specific units reserved for those at risk of homelessness. The city’s investment in these initiatives represents a shift in policy towards supporting deeply affordable and supportive housing.
The total investment for these projects is $18.5 million, with $17 million from the Affordable Housing Trust Fund and an additional $1.5 million from low-income housing tax credits. The funding and partnerships involved in these developments underscore a collaborative approach to addressing housing needs in Minneapolis.
Jacob Frey
Housing Authority Officials:
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Meeting Type:
Housing Authority
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Committee:
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Meeting Date:
12/10/2024
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Recording Published:
12/10/2024
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Duration:
17 Minutes
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Notability Score:
Routine
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State:
Minnesota
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County:
Hennepin County
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Towns:
Minneapolis
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