Minnesota housing aid will help construct, preserve 2,400 affordable homes

Minnesota will spend $195 million for the construction or preservation of nearly 2,400 affordable apartments, townhouses and single-family houses across the state, Minnesota Housing announced Thursday.

The state housing finance agency announced at a virtual news conference that 73 projects across the state, including some that will serve the lowest-income Minnesotans, have either been selected to receive funds or are advancing for further consideration.

State leaders, including Minnesota Housing Commissioner Jennifer Leimaile Ho and Gov. Tim Walz, emphasized the urgent need for more housing. The state was in the throes of an affordable housing shortage at the start of 2020 and the COVID-19 pandemic has further accelerated the need, they said.

https://www.startribune.com/minnesota-housing-aid-will-help-construct-preserve-2-400-affordable-homes/573422791/