State of the Issue: Housing
RENTS AREN’T AFFORDABLE
Nearly half of renters in Minneapolis (46%) live in housing that is unaffordable to them. This is based on the national standard that individuals should spend no more than 30% of their income on housing each month.
In the last year, 0% of rental vacancies in Minneapolis are affordable to those at 30% AMI. For those at 50% AMI, 13% of vacancies are affordable, while 89% are affordable to those making 100% of AMI.
Both of these statistics can be found in the January 2020 HousingLink Report
NEED MORE SOLUTIONS
The Minneapolis Renters’ Coalition operates a Renter Support Fund that provides monetary assistance to cost-burdened renters (those spending more than 30% of their income on housing) across the city.
More than 64% of applicants to the fund report that someone in their household has experienced homelessness.
Many also report that they are concerned about losing their housing in the next month.
RESOURCE CENTERED PLATFORM
Powderhorn Park Neighborhood Association (PPNA) advocates alongside community partners in the Minneapolis Renters’ Coalition (MRC), Make Homes Happen Coalition (MHH), and the Housing Justice League (HJL) to secure more resources for affordable rental housing as well as policy changes that give renters more protections. This includes advocating for increased and dedicated sources of funding in the City’s Affordable Housing Trust Fund, a new Tenant Opportunity to Purchase ordinance, and the MRC Renter Support Fund that PPNA administers. Want to learn more about our Housing Justice work or the Resource Centered Platform? Connect with Grace Berke by calling or texting 612-460-7407 or emailing firstname.lastname@example.org