I was an affordable housing advocate for 4 years with PPL in Ventura Village. I am a renter. This gives me a unique understanding of need and opportunity that we have in supplying effectively zoned affordable units that help create livable and equitable neighborhoods in 62A. This is key to success of our neighbors and neighborhoods, as 80 percent of residents in 62A are renters!
We need to create more affordable housing and revitalize existing units, protect the rights of tenants through expanded legal resources and education, and provide residents with the tools they need to have stability, to save money and to thrive. I will be a strong advocate for more state dollars for affordable units to be created and repaired, greater financial and social incentives to home-ownership among POCI residents, as well as other subsidy and education resources for people to become buyers in their communities. We can create wealth and provide strategies and policies that increase standards of living across the board for our residents. We need to commit to certain levels of affordable housing in our communities, and make sure that these units are zoned so that residents have greater access to job resources, transportation, and capital. We need to commit to robust affordable housing funds, and make commitments to expand public transportation
Currently there is a pre-emption law in the state that limits Minneapolis’ ability to set rent control measures, and this allows for landlords to raise rent as they see fit. Through this our our neighborhoods become increasingly unlivable, and renters become priced out. We need to protect naturally occurring affordable housing units, increase affordable high density housing, and work to remove this pre-emption law so that Minneapolis as a city can set it’s own livable standards for renters.
Some statistics and challenges that we need to address:
- 38% of housing is available to families at the median income (AMI) at around 45,000. This is down from 50% in 2000. http://www.startribune.com/minneapolis-leaders-look-to-tackle-affordable-housing-crisis/438395823/
- “More than 1 in 4 Minnesota households pay more than they can afford for housing, totaling nearly 550,000 families”, https://mn.gov/governor/newsroom/?id=1055-283666
- Black median income is at 30,300, well below the threshold of affordability in a an ever shrinking affordable housing stock in the city of Minneapolis.
- 30% of income is the thresh-hold that, once passed, means a household is paying rental costs deemed “cost-burdened”, https://www.minnpost.com/politics-policy/2017/10/there-or-there-not-affordable-housing-crisis-twin-cities
- Redlining through the early part of the 20th century, and the effects of racially motivated “covenants” that restricted people of color from living in certain parts of the city, are still felt today throughout the city.
- There are significant barriers to homeownership for low income and people of color, and higher turnover in rentals due to predatory landlords. Black home-ownership rates have shrunk since 1990, and are at 23% compared to whites, which have leveled out at 75% following 2008 http://www.startribune.com/already-low-homeownership-rates-of-twin-cities-minorities-fall-further-down/441087863/