Last week the Metropolitan Council raised its definition of housing affordability from $134,000 to $170,000. This was an administrative change that reflects steady increases in home prices and incomes. It should not be misinterpreted as a shift in policy or the affordability standard for the Council's housing grants.
The Metropolitan Council shares Kate Carey's concern about the folks hit hardest by the housing crisis and is encouraging developers and communities to build houses for less than $170,000. The Council's next step is to retool its housing incentive programs, perhaps directing funds to owner-occupied housing that serves families below 80% of the median income or $61,360. The entire Metropolitan Council is committed to increasing housing production and affordability. Members George Garnett, Frank Hornstein and Lee Pao Xiong champion the cause and welcome input from housing advocates. To contact them with your concerns and ideas, link to http://www.metrocouncil.org/about/members.htm _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
