Minneapolis approves more than $17M toward affordable housing

The city says of the $17.4 million approved, $15.8 million will be a direct investment, while $1.5 million will go toward federal tax credits for affordable rentals.




MINNEAPOLIS - The Minneapolis City Council announced Thursday its plans to invest more than $17 million toward affordable housing throughout the city.




A statement released by the city says of the $17.4 million approved by the council, $15.8 million will be a direct investment, while $1.5 million will go toward 10-year federal tax credits to create or preserve 1,445 affordable rentals.... Read more


via: https://kmojfm.com/wp/2022/12/minneapolis-approves-more-than-17m-toward-affordable-housing/