1,200 Affordable Units Put Into Production In 2005
07/06
The New Housing Counts Report on 2005 affordable housing production and preservation produced jointly by HousingLink and Family Housing Fund, shows that at least 1,200 affordable units, both rental and homeownership, were put into the production pipeline in 2005 across the Twin Cities.
In addition, nearly 1,000 rental units secured preservation or stabilization funding to keep the rents affordable. The report, also shows that over half of these planned, preserved, or stabilized units target the most cost-burdened households.
All planned affordable rental units and homeownership units and all preserved or stabilized affordable units in Minneapolis and Saint Paul that have had funding close since 2002 have been tracked in Housing Counts. In 2004, a number of metro area suburban communities started to provide data.
Starting with 2002, the report will include an annual accounting of affordable housing projects whose funding closed in the given year for both Minneapolis and St. Paul. In future years, similar information will be included for the balance of the seven-county metropolitan area.
You can download the Housing Counts Report at http://www.housinglink.org/Reports.htm#housing_counts.
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