Minneapolis PHA gets funding boost from city for affordable housing projects

Date Published: 
September 11th, 2023

From Finance & Commmerce:

The Minneapolis Public Housing Authority is getting $5 million annually to support the preservation and construction of affordable housing in the city.

The funding, part of a long-term agreement announced by the city Thursday, is five times as much as the current funding for capital improvements. The city also receives annual capital funding from the U.S. Department of Housing and Urban Development. HUD funding was $20 million in 2022.

Also on Thursday, city officials said they will place a “newfound focus on MPHA resident security in and around the agency’s 42 high-rises,” including an expanded partnership between the Minneapolis Police Department and the MPHA’s security team.

“Our administration believes in the importance of public housing, and we are putting our money where our mouth is,” Mayor Jacob Frey said in a statement. “This $5 million ongoing investment is not just a large figure, it’s reflective of our values. Our message to our public housing residents is clear: We hear you and we are stepping up to help.”

Read Finance & Commerce's article "MPHA gets funding boost from city for affordable housing projects."

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