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Description
City leaders highlight $16.8 million in investments in affordable housing, including $15.7 million in direct investment and $1.1 million in 10-year federal tax credits as part of the City’s Affordable Housing Trust Fund and Federal Low-Income Housing Tax Credit programs.
A
Well,
good
afternoon,
everyone
today
is
an
exciting
day
as
we
get
to
announce
our
allocations
for
the
affordable
housing
production
that
we
would
like
to
see
in
the
coming
year.
It's
a
nearly
17
million
dollar
investment
in
affordable
housing,
with
a
focus
on
deeply
affordable
housing
at
30
percent
of
area
median
income
and
under.
A
You've
heard
me
talk
about
the
investment
that
we
made
over
the
last
year,
which
dramatically
increased
the
production
of
deeply
affordable
units
at
30
percent
of
area,
median
income,
bringing
the
the
city
to
273
units
in
this
last
year
in
total,
by
the
way
that
was
six
times
over
six
times.
What
we
previously
did
on
an
annual
average,
which
used
to
be
41
so
used
to
be
doing
41
units
in
deeply
affordable
housing
on
an
annual
basis
now
we're
at
273..
A
This
is
a
really
big
improvement
and
it's
one
that
we
want
to
continue
year
after
year,
because
we
know
if
we
just
go
in
on
a
one-time
basis,
we're
not
going
to
sufficiently
attack
the
issue,
and
the
issue
is
that
housing
is
a
right.
People
deserve
a
safe
place
to
go
home
to
at
the
end
of
the
night,
to
rest,
their
head
on
the
pillow
and
to
rejuvenate
for
the
next
day,
and
the
city
of
minneapolis
is
taking
some
really
aggressive
efforts
to
ultimately
get
there.
A
A
A
You
need
partners
in
doing
this,
and
one
of
my
favorite
partners
over
here
in
the
council
is
our
newly
sworn
in
council
president
andrea
jenkins.
She
has
been
a
a
proponent
and
advocate
and
a
servant
in
the
area
of
housing
and
I'm
so
proud
to
be
working.
Alongside
of
her
come
on
up.
B
Thank
you.
Thank
you.
Thank
you
so
much
mayor,
frye
and,
as
you
know,
that
we
do
need
partnership,
and
so
I
am
thrilled
to
be
working
in
partnership
with
you
as
we
make
these
historic
investments
in
affordable
housing.
It
is
a
very
exciting
day.
B
I
just
want
to
take
a
moment
to
thank
our
staff,
our
incredible
staff
that
goes
out
every
day
and
tries
to
make
housing
the
statement.
Housing
is
a
human
right,
come
to
reality,
and
so
we're
really
grateful
for
those
efforts.
I
do
want
to
just
highlight
that
these
significant
investments
will
make
a
huge,
significant
difference
for
people
in
our
city
for
low-income
people
in
our
city
for
people
of
color,
particularly,
I
think
women
with
children.
B
Again,
shout
out
to
city
staff
in
analyzing
the
request
and
making
the
recommendations
shout
out
to
the
developers
who
do
yeoman's
work
every
day
to
try
to
make
housing
a
human
right
for
all
of
our
residents,
particularly,
I
want
to
give
a
shout
out
to
ppl
for
the
project
that
they
are
developing
over
at
30
30
nicolette
avenue
in
ward
8..
B
It
is
a
project
that
I
think
is
going
to
transform
this
that
entire
community
and
as
we
work
as
the
city
to
reopen
nikola.
That
will
be
one
of
the
significant
housing
developments
that
provides
housing
for
people
at
all
levels,
but
certainly
many
low-income,
low-wealth
communities
will
be
able
to
to
benefit
from
that.
B
I
also
want
to
highlight
the
calvary
apartments
at
3901,
chicago
avenue,
which
is
literally
directly
across
the
street
from
my
home,
but
also
in
the
shadow
of
george
floyd
square
and,
as
we
know,
one
of
the
demands,
the
24
justice
demands
that
we
heard
loud
and
clear
from
our
community
is.
We
need
affordable
housing
in
this
community
and
so
trellis
company,
along
with
calvary,
lutheran
church,
is
stepping
up
to
develop
41
units
of
deeply
affordable.
A
Thank
you,
council
president,
our
next
speaker,
who
can
give
you
the
full
rundown
because
he's
got
all
the
expertise,
is
alfred
port
he's
our
housing
director
and
has
a
long
list
of
accomplishments
and
the
I
can
give
you
the
rundown
in
the
work.
That's
a
play.
C
Thanks
a
lot
mayor
good
afternoon,
this
investment
marks
another
great
step
in
addressing
the
affordable
housing
challenges
in
the
city,
where
we
find
housing
costs
increasing
at
a
higher
rate
than
incomes
where
approximately
fifty
thousand
minneapolis
rental
housing
households
earn
less
than
sixty
percent
of
the
area
median
income
and
that's
sixty
three
000,
approximately
63
000
dollars
for
a
family
of
four
and,
more
importantly,
where
there
are
70
percent
of
bypac
households
that
have
incomes
below
sixty
percent
of
the
area,
median
income
recognizing
the
affordable
housing
challenges.
C
C
This
year's
investment
aligns
with
the
2040
plan
that
envisions
all
minneapolis
residents
will
be
able
to
afford
and
access
affordable
housing.
As
you
would
see,
most
of
the
awards
that
have
been
made
are
spread
out
across
the
city,
the
city
prioritizes
projects
that
provide
the
deepest
affordability
and,
as
the
mayor
represented
earlier,
291
units
are
affordable
to
households
at
30
percent
of
the
area,
median
income
with
152
serving
homeless
units.
A
Thank
you,
director
for
your
work
and
next
I'd
like
to
bring
up
council
member
jeremiah
ellison
from
the
fifth
ward.
Who's
been
a
longtime
advocate
of
affordable
housing,
both
in
his
ward
and
city-wide
council
member.
D
Sorry
running
from
the
very
long
council
meeting
that
I
took
from
home,
so
thank
you,
mr
mayor,
and
I
really
want
to
thank
city
staff
for
the
administration
of
this
program.
It's
incredible
for
us
to
see
the
amount
of
affordable
housing,
especially
deeply,
affordable
housing,
and
I'm
sure
that
staff
has
spoken
to
that
already,
and
I
really
want
to
thank
the
the
the
our
community
partners
who
create
this
housing.
Without
them.
We
have
nobody
to
give
money
to
right.
D
I'm
sure
elfric
could
speak
to
it
better,
but
seeing
some
of
the
the
doubling
and
tripling
of
30
percent
units
that
we've
made
in
the
last
couple
of
years
is
nothing
short
of
impressive,
and
so
you
know
with
that.
I
just
want
to
say
you
know,
I'm
grateful
for
all
the
projects
in
my
ward,
obviously,
but
really
to
see.
This
is
a
responsibility
that
we
share
as
a
community
city-wide,
everybody
is
owed
a
dignified
place
to
live.
D
Is
there
more
that
we
can
do
absolutely,
and
we
will
continue
to
improve
how
we
deliver
these
services,
but
are
we
doing
more
than
we've
ever
done
as
a
city
before
absolutely
and
that
can't
be
ignored?
So
thank
you,
mr
mayor,
thanks
to
city
staff,
under
the
leadership
of
andrea
brennan
and
my
friend,
alfred
port,
here
and
and
and
grateful
to
all
the
community
partners
who
will
be
constructing
this
housing
and
I'm
excited
to
see
it
all
come
online.
So
thank
you.
A
Thank
you
so
much
councilmember
ellison
next
I'd
like
to
bring
up
lee
blons
who's,
the
the
ceo
and
president
of
beacon,
interfaith
so
proud
to
partner
with
you.
E
I'm
lee
blans
the
ceo
of
beacon,
interfaith
housing,
collaborative
we
believe
in
home
on
behalf
of
the
future
residents
of
emerson,
village
and
all
of
the
new
homes.
I'd
like
to
thank
mayor,
frye,
council,
president
andrea
jenkins,
councilmember,
jeremiah
ellison,
as
well
as
elf
report
and
all
of
the
cped
staff
that
worked
tirelessly
to
create
more
homes
in
minneapolis.
E
We
understand
that
homelessness
and
eviction
disproportionately
impact
bipoc
families
as
a
collaborative
of
a
hundred
congregations.
Our
many
faiths
call
us
to
take
action
to
create
more
equitable
communities,
we're
grateful
for
the
strong
community
support
and
the
tireless
advocacy
exerted
by
our
congregations
that
makes
emerson
village
a
reality.
E
E
An
eviction
on
your
record
will
not
be
a
barrier
to
calling
emerson
village
a
home
with
the
rent
subsidy
from
minneapolis
public
housing
authority.
Parents
that
have
struggled
to
pay
rent
in
the
past
will
now
have
the
support
to
sustain
their
home
while
they
move
up
the
economic
ladder
we'll
also
be
working
with
hennepin
county
child
protection
system
to
help
families
in
crisis
have
a
stable
home
and
support
system
to
disrupt
the
disproportional
removal
of
black
and
indigenous
children
from
their
homes.
E
We're
partnering
with
juxtaposition
arts
to
involve
residents
who
call
north
minneapolis
home
in
the
design
of
the
interior
of
the
building
at
beacon.
We
believe
quality,
affordable
homes
belong
in
all
communities.
Emerson
village
is
one
of
five
housing
developments
creating
over
200
new
apartments
for
families.
That
beacon
is
developing
in
north
minneapolis
and
also
in
suburban
communities.
Hopkins
plymouth,
shakopee
and
our
coming
development
in
the
east
metro
believe
stable
homes,
transform
lives
and
communities.
Emerson
village
has
a
total
development
cost
of
20
million
dollars.
E
E
When
parents
and
kids
do
well,
we
all
do
well
beacon
believes
we
all
benefit
when
we
all
have
a
home.
We
believe
our
society
has
the
resources
for
all
of
us
to
have
a
home.
So
we
thank
the
city
for
their
investments
in
affordable
housing
today,
as
we
continue
to
advocate
with
the
city
with
the
county
and
with
the
state
for
greater
emphasis
on
deeply
affordable
housing
and
more
resources
so
that
all
people
have
a
home.
Thank
you.
F
Thank
you
mayor.
My
name
is
mike
lafave.
I
am
the
senior
vice
president
of
housing,
stability
at
project
for
pride
living
and
I'd
like
to
start
today,
just
again
by
echoing
thanks
to
the
mayor
city,
council,
members,
city
staff,
in
particular,
for
their
support
and
partnership,
and
particularly
their
support
of
our
project
at
3030
nikola
for
us
at
ppl.
This
is
not
just
another
affordable
housing
project,
and
while
it
is
a
project
that
will
deliver
110
units
of
housing
that
will
be
affordable
for
low-income
families
in
our
community,
for
us,
it's
more
than
that.
F
Here,
our
ceo
at
ppl,
paul
williams,
started
to
say
in
the
earliest
days
following
the
unrest
that
how
we
rebuild
here
will
be
every
bit
as
important
as
what
we
rebuild,
and
this
is
a
project
in
which
we've
been
really
deliberate
about
the.
How
and
so
we're
grateful
here
that
the
city
has
valued
that
as
well
and
made
this
project
a
priority.
So
thanks
very
much
and
thank
you
specifically
to
council
president
jenkins
for
her
support
and
leadership
on
this
project.
Thank
you.
A
I
can
this
is
a
question-
that's
probably
best
directed
over
to
our
expert
on
housing
elfric,
but
the
city
works
in
conjunction
with
a
number
of
different
entities.
In
this
case,
we've
got
monies
that
are
both
allocated
through
our
city
budget,
as
well
as
external
monies
as
well
and
the
way
you
work
it
is
you
stack
them.
You
stack
them
as
much
as
possible
to
ultimately
fill
any
gaps
and
then
get
the
development
produced
and
completed.
A
Now.
We
are
also
working,
obviously
with
a
number
of
different
non-profits,
including
project
for
pride
and
living
inclu,
including
beacon
interfaith.
They
do
their
own
work
and
fundraising.
They
help
to
put
all
of
these
projects
together
and
bring
forward
the
necessary
pieces.
And,
of
course,
the
goal
of
the
city
is
to
where
a
project
is
moving
along
to
get
out
of
the
way,
and
so
that's
a
big
part
of
it
as
well.
C
B
D
I'm
just
going
to
add
one
small
piece
to
your
question,
which
is
that
I
think
that
also
the
the
our
community
partners
like
beacons,
also
push
us
right.
Often
you're
dealing
with.
D
Do
you
go
wide
right,
build
like
fund
a
bunch
of
projects
at
60,
or
do
you
go
deep
and
fund
a
lot
of
projects
at
30
percent,
and
I
think
that
we've
been
in
a
position
a
lot
of
because
of
the
mayor's
funding
priorities
to
do
both,
and
I
think
that
this
is
an
example
of
us
being
in
a
position
to
kind
of
do
both.