The Twin Cities region is losing affordability.
Families are struggling to find good quality, affordable homes throughout the Twin Cities metro region. Unlike food, medical care, and education, housing is a basic need with no entitlement and insufficient federal and state funding sources. As a result, the vast majority of households who qualify for housing assistance do not receive any help.
A Complicated System
Over the last 80 years, new types of affordable housing programs have been developed to match new funding created. While these programs helped create additional affordable homes, they also imposed new layers of regulation and process. As a result, today we have a complicated and highly segmented system that doesn’t function well for families who need it.
Now, more than ever, we need more homes. But we also need systems change that gives more people access to decent, affordable homes so they can build a prosperous life for themselves, today and in the future. When families have an affordable place to call home, whether as a homeowner or renter, they have a sense of belonging. They have a sense of community. They have opportunities to create wealth and build a better life.
A coordinated and collaborative approach is necessary for tackling the challenge before us. Together, we can build a strong housing system that allows people, communities, and the region to prosper.