►
Description
Mayor Jacob Frey will be joined by Council Members Jeremiah Ellison and Michael Rainville, staff from the City of Minneapolis’ Community Planning and Economic Development (CPED) team, and local housing leaders to announce a historic number of deeply affordable homes being built over the past year.
Since taking office, Mayor Frey has invested in the development of deeply affordable housing units at 6 times the previous annual average. Deeply affordable units are available at or lower than 30 percent Area Median Income (AMI).
A
A
Up
right
up
right
up
here,
so
it
doesn't
look
all
right
good
morning,
everyone.
This
is
a
day
that
I
have
been
looking
forward
to
since
I
was
first
sworn
in.
As
mayor
from
the
very
beginning
of
my
first
term,
we
laid
out
affordable
housing
as
not
just
a
priority,
but
the
top
priority
in
this
Administration
We
Believe
firmly
that
housing
is
a
right
that
everyone
should
have
a
safe
place
to
go
home
to,
at
the
end
of
the
night,
to
rest
their
head
on
the
pillow
to
rejuvenate
for
the
next
day.
A
and
then
what
we're
doing
in
2022.,
we
are
producing
about
three
times
more
affordable
housing
than
we
did
just
a
number
of
years
ago.
We
are
producing
six
times
more
than
six
times
the
amount
of
deeply
affordable,
low-income
housing
than
we
did
in
those
seven
years
from
2011
to
2018,
which,
by
the
way,
those
years
represented
an
increase
themselves
over
the
previous
years.
A
So,
where
we've
been
doubling
down
in
terms
of
money,
it
is
having
an
impact
where
we
are
doubling
down
to
give
people
a
foundation
from
which
they
can
rise.
It
is
having
an
impact.
These
are
historic
numbers
and
by
the
way
we
would
put
our
numbers,
our
data
and
our
results
up
against
just
about
any
other
city
in
the
entire
country.
A
We
believe
in
affordable
housing,
and
this
is
the
work
that
we're
going
to
continue
here
going
forward
and
and
right
now
we
are
we're
in
the
leaf,
which
is
just
next
to
Curry.
Commons
Curry
Commons
by
the
way,
is
just
one
example
of
many
of
new
developments
that
are
taking
place
throughout
the
city
that
are
prioritizing
deeply
affordable
housing.
It's
187
units
ranging
from
30
percent
of
the
area,
median
income
up
to
60
percent
of
area
of
median
income.
A
We're
becoming
a
Beacon
of
Hope
and
of
housing
to
be
specific
throughout
the
state,
because
we
are
providing
at
rates
far
far
greater
than
anywhere
else
in
the
entire
region.
And
again
we
would
put
our
our
work
up
against
anywhere
else.
We're
going
to
continue
to
produce
and
sustain
affordable
housing
for
for
those
underserved
populations,
but
I
want
to
tell
you
in
the
coming
months
here
we're
going
even
further,
because
we
have
a
big
nut
to
crack
for
public
housing,
we're
bringing
together
a
multi-jurisdictional
multi-entity
group.
A
That's
going
to
find
ways
to
preserve
some
of
the
public
housing
stock
that
has
gone
with
deferred
maintenance
and
we're
going
to
make
sure
that
we
help
to
address
some
of
those
backlog
and
long-term
capital
needs
I'm.
Also
making
sure
our
homeless
shelters
have
the
space
they
need
to
serve
the
individuals
that
that
need
that
shelter
space
in
a
compassionate
way
that
they
certainly
deserve.
We've
added
up
to
about
five
new
shelters
over
the
last
couple
of
years.
A
Still,
we
have
more
work
to
do
because
we
are
trying
to
create
the
transitions
from
people
from
homelessness,
to
deeply
affordable,
low
or
no
barrier
housing
to
higher
level,
affordable
housing
and
then,
ultimately,
to
housing.
That
is
at
market
rate.
That's
the
transition
that
we
want
to
see
people
going
through
and
we're
also
going
even
further
on
work
like
stable
home,
stable
schools,
an
initiative
that
we
started
about
four
to
five
years
ago
four
years
ago.
A
This
particular
initiative
has
now
served
about
3,
700
kids
in
our
Minneapolis
Public,
School
System,
preventing
them
from
going
homeless.
That's
three
thousand
and
seven
hundred
kids
in
1305
families
that
have
a
place
to
live
because
of
the
work
that
our
team
at
the
city,
in
conjunction
with
so
many
other
partners,
have
pushed
for.
A
So
this
expansion
will
that
we're
looking
to
provide
disabled
home,
stable
schools
will
provide
deeper
impact
to
the
schools
with
the
highest
rates
of
homelessness,
as
well
as
provide
more
elementary
schools
with
the
resources
that
they
need
to
prevent
someone
from
going
homeless
to
begin
with,
so
this
work
past
present
and
future
it
takes.
It
takes
a
whole
lot
of
diligence.
It
takes
perseverance.
It
takes
partners
partners
like
the
Minneapolis
public
housing
authority
like
Hennepin
County,
the
Met,
Council,
Minnesota
housing,
and
so
many
other
Federal
Partners.
A
If
you
notice
over
here,
there
are
goals
that
are
created
for
each
City
throughout
the
state
or
at
least
through
in
the
metropolitan
region
here
and
met
Council
lays
out
the
goals.
The
goals
in
terms
of
affordable
housing
are
just
over
300
units
per
year,
whereas
we
are
producing
over
900
units.
The
the
total
number
of
units
that
we
pre-created
in
2022
was
919
new,
affordable
housing
units.
So
again
the
goal
was
just
over
300
I'm,
not
great
with
math.
A
A
I
want
to
give
some
special
recognition
as
well
to
our
c-ped
Department
to
Andrea
Brennan,
our
director
and
the
leadership
of
Alfred
Port
who's
with
us
behind
me
right
now,
and
this
team
has
some
really
dedicated
staff
that
has
figured
out
to
make
sure
that
the
dollars
that
we
have
spent
and
we
do
spend,
go
even
further.
We
could
not
have
had
this
incredible
number
of
new
homes
coming
online
without
their
work.
A
I
want
to
thank
those
like
like
David
Wellington,
like
PJ
hill,
those
that
have
stepped
up
to
be
developers
of
affordable
housing.
It
makes
a
huge
difference
and
you
need
to
make
sure
that
those
partners
are
at
the
table
every
step
of
the
way
council
members
here
with
us
right
now
are
Jeremiah
Ellison
and
Michael
rainville
both
have
been
huge
advocates
for
affordable
housing
in
our
city
and
specifically
in
our
Ward
I,
want
to
thank
both
of
you
for
your
continued
partnership.
A
A
I
also
want
to
give
a
big
thank
you
to
Andrea
in
a
way
from
my
office,
who
has
led
the
Strategic
Partnerships
around
affordable
housing
has
been
a
driving
force
behind
stable
home,
stable
schools,
and
someone
has
gotten
so
much
done
so
bottom
line.
Is
it
takes
a
lot
of
people,
and
but
this
is
this-
is
among
my
proudest
days
as
mayor
to
be
able
to
say
we
were
going
to
get
something
done:
make
promises
about
increasing
the
numbers
of
affordable
housing
units
in
our
city
and
then
deliver
on
those
promises.
A
This
is
our
city
delivering
in
fine
form
in
record
numbers
that
we
have
never
seen
before
and
we're
going
to
go
even
further
with
that
work,
and
so
with
that
I
want
to
turn
it
over
to
a
council
member
Jeremiah
Ellison.
We
are
in
his
Ward
right
now.
He
has
been
a
huge
advocate
and
champion
of
affordable
housing
in
his
Ward
and
Beyond
council
member.
D
Thank
you,
mayor
I'll,
keep
my
statements
brief.
The
mayor
went
over
the
numbers
and,
and
it
is
an
incredible
amount
of
affordable
housing
that
we've
been
able
to
invest
in.
You
know
when
in
2017,
when
I
was
first
running,
it
was
a
little
bit
controversial
to
say
in
North
Minneapolis
that
you
wanted
to
invest
more
in
affordable
housing.
It
was
seen
as
where
all
the
affordable
housing
already
was
people
were
unsure
about.
D
D
Obviously,
we
couldn't
have
seen
the
economic
shortfall
that
was
created
because
of
covid
a
lot
of
things
that
we
couldn't
have
foreseen,
but
the
one
thing
that
we
did,
the
one
thing
that
our
staff
did
and
that
and
that
we
did
as
a
council
and
invested
in
as
a
city
was
more
affordable,
housing
at
mixed
levels.
But
yes,
even
in
North,
Minneapolis
and
I,
think
that
it's
going
to
have
an
incredible
stabilizing
effect
across
the
city,
but
obvious,
obviously
in
Ward
5
as
well,
and
so
I'm.
D
D
A
Thank
you,
council,
member
Jeremiah
Ellison
next
is
council
member
Michael
rainville,
who
also
has
been
a
huge
champion
of
affordable
housing
in
his
Ward.
The
third
ward
has
dramatically
increased
its
third
war
as
affordable
housing
stock
over
the
last
several
years
and
we're
so
proud
for
the
partnership
council.
C
E
Thank
you,
mayor
fry
and
thank
you
councilman
Olsen,
for
inviting
me
today
into
reward
to
this
great
event.
The
mayor
said
it
best
about
the
numbers.
They
speak
for
themselves,
about
our
commitment
at
the
city
and
it's
so
impressive
and
heartwarming
to
see
the
the
state,
the
county
and
the
federal
government
helping
us
as
well.
E
We
cannot
do
this
alone,
but
we
are
leaders
in
this
movement
and
in
the
Third
Ward
I'm,
so
proud
to
say
that
in
2022,
one-third
of
all
the
affordable
housing
that
was
approved
was
approved
for
to
be
built
in
the
Third,
Ward
and
and
I
voted
for
every
one
of
those
projects.
It
is
so
important
to
help
people
to
give
them
that
same
pillow
to
lay
their
head
on
every
night
and
the
city
is
doing
its
job.
Our
leadership
of
Mayor
Frye
I,
see
you
director
Brennan.
We
can't
thank
you
enough.
E
All
of
us
and
Alfred.
Thank
you
so
much
for
your
leadership,
you're
doing
the
hard
work,
and
it's
an
honor
and
privilege
to
be
here
tonight
this
afternoon
and
David.
Thank
you
for
having
this
conference
indoors
it's
a
cold
day
in
February,
and
it's
a
much
nicer
to
be
here
with
the
sun
shining
than
outside.
Thank
you.
A
F
F
Everyone
in
the
city
deserves
safe,
dignified
and
sustained,
affordable
housing.
What
we've
talked
about
today,
or
focusing
our
the
accomplishments
that
we've
done
on
the
rental
housing
side,
but
this
is
a
Continuum,
so
I'm
going
to
share
some
some
high
points
on
the
ownership
side
of
things
and
especially
on
the
affordable
ownership.
We
approached
this
using
a
three-pronged
approach:
provide
access,
create
new
and
sustain
those
that
are
that
those
existing
homeowners
we
provide
access
by
creating
a
pathway
for
affordable
home
ownership
through
financial
Wellness,
counseling
and
down
payment
and
closing
cost
assistance.
F
In
the
last
five
years,
between
8
2018
to
2022,
we
got
over
5
000
households
into
Home
Ownership
an
affordable
home
ownership.
We
also
then
talk
about
the
creation
of
new
throughout
Minneapolis
homes
program.
We
provided
developers
with
assistance
to
to
develop
190
196
new,
affordable
ownership,
housing
units
in
our
city
of
that
50
of
those
affordable
ownership
units
were
targeted
to
households
at
60.
F
So
we
do
that
by
providing
Home
Improvement
loans
to
those
individuals
and
I
I
think
we
we've
done
a
great
job
on
that
front
about
all
of
those
families
that
we
participate
in.
That
program
are
at
below
80
Ami.
Lastly,
I'll
say:
we've
talked
about
the
partnership,
the
collaboration
that
enables
us
to
get
to
where
we,
where
we
are
the
state,
the
county.
F
Those
individuals
I
mean
those
entities
assist
in
making
these
projects
real,
but
the
developers
are
also
critical
assets
to
moving
this
piece
to
moving
these
schools
forward,
but
I
would
be
remiss
if
I
were
not
to
identify
that
we
have
professional
housing
staff
that
provides
us
the
support
that
gets
us
to
where
we
want
to
be
so.
For
that
I
say
thank
you
and
thank
you.
Thank
you.
A
Thank
you,
director,
I,
so
appreciate
your
work,
and
you
know
this
is
made
possible
by
320
million
dollars
since
my
first
budget
in
2019..
That
is
a
huge
chunk
of
change,
but
we're
making
sure
that
that
money
results
in
homes
for
people
that
need
them
next,
I
want
to
bring
up.
David
Wellington,
who
is
we're
in
his
space
right
now,
has
been
the
the
person
that
helps
us
get.
These
units
done,
get
the
construction
complete
and
get
people
in
the
homes.
So
thank
you.
David.
G
David
Wellington
president
co-owner
of
Wellington
Management
I,
just
want
to
say
we
are
very
proud
and
honored
to
host
the
mayor
and
the
council
members
for
this
critically
important
issue
in
this
press
conference.
You
know
we're
standing
in
space
right
now
that
was
built
in
2019
when
we
acquired
the
site
in
2016
it
was
an
85
000
square
foot.
G
And
then
we
have
the
187
unit,
Curry
Commons,
affordable
project,
kitty
corner
from
us
to
the
southeast
that
we
just
started
construction
on
and
are
going
to
be
delivering
in
the
spring
of
2024.
And
then
we
also
have
artspace,
who
co-developed
a
100
unit,
affordable
housing
project
that
they
delivered
in
the
summer
of
2021
and
is
going
quite
well
as
well,
and
then
we
have
this
office
building.
And
so
what
we're
doing
here
is
we're
trying
trying
to
create
a
community
within
a
broader
neighborhood.
G
A
So
the
moral
of
the
story
here
is,
you
know,
I'll
often
get
questions.
What
are
we
doing
at
the
City
of
Minneapolis
for
affordable
housing?
Not
only
is
it
something
that
we're
working
on,
but
the
numbers
they
speak
for
themselves.
Six
times
the
amount
of
deeply
affordable,
low-income
housing
that
we
used
to
produce
six
times
more.
A
E
A
That's
true
yeah,
so
if
you
were
to
look
at
the
there's,
if
we
were
to
break
it
down
between
City
well,
let
me
get
you.
The
exact
numbers.
I
can
try
to
estimate
for
you
right
now.
You
know
so.
The
first
year
we
put
down
about
40
million
dollars
worth
of
funding
for
affordable
housing
and
again
there's.
There
are
some
nuances
to
that,
because
some
of
it
was
in
cdbg.
Some
money
at
times
is
in
low
income,
tax
credits
or
light
tech,
but
we
can
get
you
all
the
details
on
that.
A
Well,
you
know
the
perhaps
the
biggest
thing
is
we
did
some
affordable
housing
before
2019.,
but
the
affordable
housing
that
the
city
was
putting
up
and
putting
money
into
was
predominantly
what's
called
Workforce
housing
now
don't
get
me
wrong.
Workforce
housing
continues
to
be
important,
that
is
a
housing
affordable
to
someone
at
sixty
percent
of
the
area,
media
income
or
under,
but
what
we
really
weren't
doing
was
providing
housing
that
is
deeply
affordable
housing
so
that
someone
who's
experiencing
homelessness
has
the
next
rung
on
the
ladder
to
pull
themselves
out.
A
You
know
if,
if
you're
homeless,
whether
you
have
a
job
or
you
don't
have
a
job
you're
not
going
to
immediately
make
the
jump
to
the
60
of
Ami
level,
there's
a
step
in
between.
In
fact,
there
are
several
steps
in
between
that
we're
largely
missing.
That's
what
we've
moved
to
fill
in
now
doing
that
costs
more
money,
A
lot
of
times
people
say
well,
this
is
it's
just!
This
is
not
a
problem
that
you
can
just
throw
more
money
at.
A
Actually,
this
is
a
problem
that
you
can
throw
more
money
at
and
it
helps
a
whole
lot
because
that
money
Bridges
the
gap
between
whatever
constitutes
the
market
rate
and
the
affordable
rate,
the
more
affordable.
That
rate
is
the
more
money
that
it
costs
and
so
producing
housing
that's
affordable
to
someone
at
30
percent
of
the
area.
Median
income
is
more
expensive,
but
it's
worth
it.
We
could
probably
make
this.
A
This
I
mean
if
we,
for
instance,
were
to
just
have
housing
at
60
percent
of
area,
median
income,
so
just
doing
a
whole
bunch
of
units
at
this
level.
Here
on
top
chances,
are
the
total
number
of
units
that
we
would
have
wouldn't
be
919.
It
would
be
I,
it
would
probably
be
closer
to
1500,
so
we
would
be
able
to
have
a
low,
a
higher
overarching
number
of
units,
but
fewer
deeply,
affordable
units.
Does
that
make
sense,
and
so
we
made
a
deliberate
decision
there.
A
We
made
a
decision
to
focus
on
the
lowest
income.
We
made
a
decision
to
focus
on
people
who
are
experiencing
homelessness
and
by
the
way
that
is
traditionally
what
the
city
does.
You
know
we
we
make
Capital
Investments,
we
put
up,
affordable
housing,
you
know,
Hennepin
County
is
the
social
service
provider
and
Minneapolis
is
the
entity
that
helps
to
build
homes.
A
We've
done
that
through
the
the
4D
system,
which
gives
landlords
up
to
about
a
40
percent
break
in
their
property
taxes
if
they
keep
a
certain
percentage
of
their
units
at
or
below
of
I,
believe
60
percent
of
area
median
income,
so
they
get
a
property
tax
break
and
we
had
so
many
people
apply
that
we
want
had
to
expand
that
program.
That
was
very
successful.
We
also
have
funds
that
literally
go
to
the
preservation
of
units
that
could
perhaps
be
transitioned
from
one
owner
to
another.
That
would
then
Jack
the
rents
a
whole
lot.
A
We've
put
money
into
making
sure
that
they're
preserved
for
the
Long
Haul,
also
some
units
that,
for
instance,
had
a
15-year
span
of
affordability,
have
been
kept
on
that
affordability
track,
even
though
that
we
were
reaching
that
Cliff
where
they
would
transition
from
affordable
or
could
transition
from
affordable
to
market
rate.
Now.
The
final
thing-
and
this
is
more
of
a
macro
issue-
is
one
of
the
best
ways
to
preserve
affordability
on
the
macro
level
is
Supply,
it's
Supply,
it's
putting
more
units
in
the
city
and
the
numbers.
A
If
you
look
at
them
reflect
this,
the
number
in
terms
of
macro
rents
reflect
this
as
well.
If
you
look
back
to
20,
15
16,
17,
18.,
rents
on
an
annual
basis
were
going,
you
always
say
going
through
the
roof,
but
they
were,
they
were
increasing
pretty
substantially.
We
can
get
you
the
numbers
on
that.
A
Why?
Because
a
whole
lot
of
people
wanted
to
live
in
Minneapolis
and
we
did
not
have
the
supply
to
accommodate
now
a
whole
lot
of
people
still
want
to
live
in
Minneapolis.
The
difference
is
is
that
we
have
dramatically
increased
the
housing
Supply
in
our
city
through
density
through
plans
like
the
2040
comprehensive
plan
through
neighborhoods,
like
in
the
Third
Ward,
that
have
dramatically
increased
in
population
so
much
so
that
we
had
to
redraw
the
boundaries
the
political
boundaries
of
the
wards
themselves.
A
So
all
that
goes
into
preservation
in
the
macro
sense
and
the
moral
again
is
it's
the
it's
working,
it's
working
in
terms
of
new
production.
It's
working
in
terms
of
preservation.
Does
its
working
mean
we've
done
enough,
of
course
not
it
does
not.
We.
We
have
a
whole
lot
more
work
to
do,
but
I
think
we're
setting
an
example
that
others
can
and
should
be
following.
F
H
A
Yeah
well
certainly,
there's
risk
on
the
developer
side
and
I'll
I'll.
Leave
that
to
developers
to
speak
to
from
the
city
perspective.
No
we're
not
concerned.
Why?
What's
the
worst
thing
that
can
happen?
If
you
build
and
Supply
outpaces
demand,
the
prices
drop,
the
rents
go
down,
or
at
the
very
least
they
don't
increase
at
the
same
rates
that
they
previously
were
increasing
at
and
by
the
way
we've
seen
this
Dynamic
not
play
out
not
just
in
Minneapolis,
but
throughout
the
country.
A
Well,
you're,
right
about
that.
You
know.
One
of
the
best
ways
to
build
intergenerational
wealth
is
through
home
ownership.
I
myself
am
a
proud,
renter
and
I've
been
renting
for
quite
a
while.
But
yes,
there
is
asset.
There
is
a
benefit,
certainly
to
ownership
itself.
Now
elfrick
mentioned
just
a
second
ago.
The
numbers.
Can
you
give
us
the
numbers
on
home
ownership,
Now
versus
before
the
amounts
that
we're
putting
into
it
now
versus
four.
F
So
the
the
the
number
of
units,
the
number
of
households,
that's
being
served
with
our
home
improvement,
I
mean
with
our
home
ownership
programs.
Earlier
probably
about
seven
years
ago,
six,
seven
years
ago
we
were
providing
resources
and
the
the
output
was
aligned
with
the
with
the
amount
of
bipart
households
or
the
percentage
of
Bob
Park
households
in
our
community.
If
we
do,
if
we
continue
to
do
that,
we
wouldn't
make
a
dent
in
closing
that
home
ownership
disparity
Gap.
F
So
what
we
did
we
revamped
the
program
and
as
a
result
of
that
revamp,
we
now
see
our
rate
of
service
toward
the
Bob
Park
population
two
times
of
what
we
used
to
do
before
right
now,
we're
servicing
we're
providing
service
to
buy
Park
households
at
about
a
rate
of
about
70
percent.
So
70
of
the
folks
that
we
provide
home
ownership
access
to
are
people
of
color.
F
H
D
And
I
just
I
just
wanted
to
add
that
in
this
sort
of
network
of
housing
developments,
that's
happening
on
this
Wellington
site,
there's
Art,
Space,
there's
Curry,
but
there's
also
Leaf
Townhomes.
The
leaf
Townhomes
will
be
home
ownership
and
so
they'll
be
at
an
affordable
level.
I
don't
have
the
numbers
right
on
top
of
my
head,
but
that's
you
know.
You
talked
about
an
example.
I
think
that
development,
17,
17
or
18
units
is
good
is
going
to
be
I.
D
A
A
F
A
Dave
we
can
get
you
the
exact
information
on
that
I
mean
there's
there's
this
particular
developments
that
were
you
know,
Curry
Commons,
but
then
there's
and
that
has
a
range
between
30
and
60.,
but
then
there's
all
of
the
other
units
throughout
the
city
as
well.
So
we
can
get
you
those
great.
Thank
you.
Everybody
thanks
for
coming
proud
day,.