Minneapolis Approves $18 Million for Affordable Housing

Minneapolis has announced an investment of nearly $18 million through the Affordable Housing Trust Fund (AHTF) and the Federal Low Income Housing Tax Credit Program to support 11 new affordable rental housing projects. Among these projects is the Native American Community Clinic, which will receive approximately $1.15 million to create 83 rental units integrated with the clinic, addressing the historical homelessness faced by Indigenous populations. Mayor Jacob Frey emphasized that the city is committed to making safe, affordable housing a reality for all residents, citing a significant increase in the rate of affordable housing development compared to previous years. The city received over 25 proposals, highlighting the urgent need for affordable housing, with decisions made based on various standards including financial feasibility and project readiness. The funding aims to stabilize vulnerable communities affected by the housing crisis while enhancing local facilities and support systems. This initiative reflects Minneapolis's ongoing efforts to address housing accessibility and community support.