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A Budget that Values Affordable Housing

 

Communities across the Twin Cities region are struggling with rising rents, tight vacancy rates and high home prices – putting the squeeze on individual households and putting at risk our collective regional competitiveness. The Family Housing Fund recognizes that a single tool or approach alone will not solve these complex problems. We work with leaders and communities, using every tool possible to make quality, affordable housing accessible in every community.

In his first budget address, Saint Paul Mayor Melvin Carter yesterday proposed a substantial investment in housing production, preservation and protection. We commend the Mayor for making housing the centerpiece of his budget. His proposal includes a new Housing Trust Fund supported by a $10 million initial investment followed by ongoing annual investments in future years to support homeowners and renters alike. Specific components include:

  • New housing units for households at 30–50 % AMI (or $28,300 – $47,150 for a family of four)
  • Preservation of existing federally-assisted subsidized housing and naturally occurring affordable housing (NOAH)
  • Expanded tenant protections to address the disparate impact of some tenant screening practices along with administrative tools to minimize tenant displacement in cases where housing quality is compromised

The July 2018 report Market Watch: Saint Paul, published by the Minnesota Housing Partnership, highlights trends impacting Saint Paul residents. The report noted that 59 percent of the almost 60,000 renter households in Saint Paul earn less than 60 percent AMI and yet their rents are steadily rising. These statistics were echoed in the stories that the Mayor heard from residents, who listed affordable housing as their highest budgetary priority for the city.

In his remarks last night, Mayor Carter explained that, “We have to think of the budget not as a numbers document, but as a values document.” His proposal for substantial housing investment shows that he hears his constituents and understands the real pain that many in the city are experiencing due to the lack of affordable housing. We stand ready to support him in making Saint Paul a city where all residents can thrive.

FHFund Welcomes New Board Members

At the Family Housing Fund’s (FHFund) 2018 Annual Meeting on April 12th, the Board of Directors elected new officers for the upcoming year. All elections and appointments embody the strong public-private partnerships necessary to meet the FHFund’s vision that all families have a home they can afford and a place from which they can prosper and contribute to the larger community.

Jim Roth, Executive Director of Metropolitan Consortium of Community Developers, was elected to a new one-year term as the Chair of the Board. Roth has served on the FHFund Board since 2011.

Jennifer Anderson, President and Chief Financial Officer at Community Reinvestment Fund, was elected as Vice-President/Treasurer.

Kristin Beckmann, former Deputy Mayor of the City of Saint Paul, and George Stone, former Director of Minnesota CSH, were elected as Vice-Presidents. Miko Salone, FHFund Office Manager and Executive Assistance, was reelected as Secretary, a nonvoting role.

The Board also elected two new members: D’Angelos Svenkeson, Vice President of Thor Development, and Jonathan Weinhagen, President & CEO of the Minneapolis Regional Chamber of Commerce.

The Board recognized Minnesota Housing Commissioner Mary Tingerthal’s appointment of Amy McCulloch, Deputy Director at Twin Cities Local Initiatives Support Corporation (Twin Cities LISC) for a four-year term and George Stone, former Director of Minnesota CSH, for a three-year term.

The Board and staff gratefully acknowledged the contributions of three departing members. Charles Hanley, Vice President/District Manager at U.S. Bank, left the Board after 12 years of service. Andriana Abariotes, Executive Director of Twin Cities LISC, left the Board after nine years of service. Senta Leff, Executive Director of Minnesota Coalition for the Homeless, left the Board after three years of service.

The Family Housing Fund can have up to 24 members. As a supporting organization of government, the FHFund Board is made up of both elected and appointed members. The FHFund Board elects eight members. The City of Minneapolis, City of Saint Paul, Metropolitan Council, and Minnesota Housing appoint four members each. The Board recognizes these appointments. This unique structure positions the FHFund with the broad support and expertise necessary to help communities meet their affordable housing needs.

For more information and a complete list of members of the Board of Directors, please visit www.fhfund.org/staff-board.

Find a pdf of this announcement here.

April 19th, 2018|FHFund News|

Request for Qualifications

In working with partners to support the preservation of low-cost rental housing and the protection of its residents, the Family Housing Fund has identified the need in certain situations for quality, cost-effective building administrators and receivers in the Twin Cities region. In issuing this Request for Qualifications, the Family Housing Fund seeks to develop a list of administrator firms highlighting key experience and areas of expertise. This list may serve as a resource for the Courts, local governments, and other housing stakeholders. Inclusion on the list will in no way imply an endorsement of any firm.

Please share this RFQ with qualified firms and encourage them to apply. Minimum qualifications and submittal requirements are provided in this document. The deadline for submittals is April 30, 2018.

Review the Request for Qualifications.

March 19th, 2018|FHFund News|

Housing Counts 2016 Data Released

Since 2002, the Family Housing Fund and HousingLink have published the Housing Counts data set to provide housing leaders and other stakeholders an accurate and consistent way of tracking affordable housing (rental and homeownership) production and preservation each year in the seven-county Twin Cities region, including Minneapolis, St. Paul, and suburban metropolitan communities.

Since its inception, Housing Counts has tracked investment in projects representing more than 30,000 units of affordable housing throughout the seven-county region. In 2016, a grand total of 2,898 units of housing were funded for new development or preservation.

View the Housing Counts 2016 Report Here

Notes on the data:

  • The list of projects identifies how many affordable units are planned/preserved at three levels of affordability—30 percent, 50 percent, and 60 percent of the area median income (AMI). This corresponds with affordability restrictions required by certain funding streams.
  • The data set counts units in the year their project financing first closes and includes only developments with public and/or private capital funding that includes affordability obligations.
  • The report tables divide the projects into three main categories: new production of rental units, new production of homeownership units, and preservation/stabilization of existing rental units.
  • Rental assistance to renters, financial assistance directly to home buyers, and shelter beds are not included in this data set.
  • Developments that are designed specifically to serve seniors are indicated with an asterisk in the reports.
  • Properties included on the preservation/stabilization list were especially at risk of being lost due to major deterioration, financial crisis, or conversion to market-rate rents. This list does not include essential routine capital improvements.
  • Demolition permit numbers are included to give some context to the production numbers in relation to the number of units lost in the region’s housing stock. However, the demolition number comes from demolition permit issues only; because of this, the actual number of units lost, the affordability level, and the condition of these lost units is unknown.

For more information, please contact Sarah Berke at Family Housing Fund or Dan Hylton at HousingLink.

February 25th, 2018|Data, Housing Policy, Report|

The Family Housing Fund has moved … and we have a new image!

We are excited to roll out our new logo and we look forward to welcoming you into our new space.

You can now find us in the Flour Exchange Building:
310 4th Ave South, Suite 9000
Minneapolis, MN 55415

Visit our contact page for directions and parking information.

Executive Staff

Ellen Sahli linked in copy
President
ellen@fhfund.org | 612-274-7689

Colleen Ebinger linked in copy
Vice President
colleen@fhfund.org | 612-274-7691

Staff

Sarah Berke
Program Officer
sarah@fhfund.org | 612-274-7690

Eric Gustafson
Program Officer
eric@fhfund.org | 612-274-7692

Bill Mask, CMA
Finance Director
bill@fhfund.org | 612-274-7693

Miko Salone
Office Manager & Executive Assistant
miko@fhfund.org | 612-274-7688

December 18th, 2017|FHFund News|