Housing Policy & Development Committee
Comprehensive ve Reduced Disparities Affordable and accessible housing Pl Plan Goals In 2040, all Minneapolis In 2040, Minneapolis will have residents will be able to afford significantly reduced economic, and access quality housing housing, safety, and health throughout the city. disparities among people of color and indigenous peoples compared with white people.
Minnea eapolis Ho Househ ehol old Incom omes es $28,300 /year for a family of 4 In 2018, HHmake $28,300 or more for family of four In 2018, HH $94,300 /year make $94,300 for a family of 4 or more for family of four
Afforda dabl ble Hous using ng Production & Preservation • Action Step E “Expand tools and • Action Step A “Create and resources to produce new strengthen strategies to housing affordable to those at or retain naturally occurring below 30, 50 and 80 percent of affordable housing.” area median income.” • Action Step F “Prioritize the needs of those who have the greatest need for housing stability – households with incomes at or below 30 percent of area median income.”
Hous using Stability • Action Step A “Ensure an equitable focus of City policy and resources on promoting the ability of tenants to secure and maintain stable housing.” • Action Step D “Expand programs that support existing homeowners in affording and maintaining their home, with a focus on people of color, indigenous people and vulnerable populations, such as low- income households, the elderly and people with disabilities.”
Compreh ehen ensive I e Inves estmen ents • Action Step A “Prioritize programs to support long-term housing stability, including but not limited to wealth-building housing models and the elimination of criminal and credit report barriers, with a particular focus on communities of color, indigenous communities, and low-income renters.” • Action Step E “Ensure that housing investments in areas with concentrated poverty are part of a comprehensive community investment strategy to benefit existing residents and improve opportunity.”
Innovati tive Housing Str trategies Pilot Program Steps 4 1 2 3 5 1. Issue and 2. Research 3. Release 5. Scale Up to Opportunity and Concept Pilot Program Full Program Identification Development 4. Evaluate and Revise Pilot Program
Hu Human Develop opmen ent
Land Use Allow multifamily housing on public transit routes, with • higher densities along high-frequency routes and near METRO stations. In neighborhood interiors that contain a mix of housing • types from single family homes to apartments, allow new housing within that existing range. In neighborhood interiors farthest from downtown that • today contain primarily single-family homes, achieve greater housing supply and diversity by allowing small- scale residential structures on traditional size city lots with up to four dwelling units, including single family, duplex, 3-unit, 4-unit, and accessory dwelling unit building types.
Next S Steps • July 22 nd – End of comment period • Late September – Updated draft released • Late October – Public hearing at City Planning Commission • December: City Council Adoption
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