Minnesota Preservation Plus Initiative
Preservation of affordable housing is a critical need in Minnesota. When our state’s affordable housing units are lost to disrepair, families are displaced and, often times, become homeless. The Minnesota Preservation Plus Initiative (MPPI) is addressing affordable housing preservation by changing the way it is approached, addressed, and financed in Minnesota. MPPI’s leadership is moving the state from a reactive to a proactive approach to preserving our affordable housing supply.
MPPI tracks, identifies, and prioritizes at-risk properties, encouraging owners to examine entire portfolios, rather than pursuing preservation on a project-by-project basis. MPPI then assists owners with finding gap financing and capital to improve and preserve their units.
MPPI’s offers preservation assistance in four categories:
- Data and technology,
- Technical assistance,
- Policy and advocacy, and
- New resources
The Family Housing Fund’s MPPI partners include the Greater Minnesota Housing Fund and Minnesota Housing.
In 2014, MMPI helped partners preserve 15 properties with nearly 2,000 units, including 87 units serving people who have experienced long-term homelessness.
Photo by Wing Young Huie