Cities can help the League and others better advocate for state resources by completing a short survey on local housing trust funds.
(Published Jan 21, 2020)
Cities across the state are considering and implementing local housing trust funds to address housing needs. The League and other housing stakeholders are asking cities to take a short survey about what cities need from the state to support these trust funds.
Local housing trust funds are established by local government to dedicate local public resources for grants and loans for the development, rehabilitation, or financing of housing.
Money from local housing trust funds can also be used to provide down payment assistance, rental assistance, and homebuyer counseling services.
This flexible and consistent resource can help leverage public and private investment to spur the development and preservation of affordable housing.
The League continues to support state matching funding to bolster current local housing trust funds and help spur the creation of more trust funds across the state.
State resources to support local tools that address housing needs will likely be discussed during the 2020 legislative session.
Please take the survey, developed by the Minnesota Housing Partnership, to help inform advocacy efforts to secure state matching resources for cities that establish local housing trust funds.
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