$162 million in housing funding = 4,000 units + 5,700 jobs
From the Minnesota Housing Finance Agency:
Minnesota Housing announced funding awards of nearly $162 million on Oct. 23 that will create and preserve affordable housing across the state. This record level of funding comes just months after the Governor and Legislature approved the largest capital investment for housing in Minnesota Housing history. It will fund 78 rental and homeownership projects for a total of 4,000 housing units through a variety of financing sources. An additional $20 million, approved in the 2014 bonding bill to repair aging public housing, will be awarded in January, 2015.
Sen. LeRoy Stumpf spoke at the announcement event alongside Gov. Mark Dayton, Rep. Alice Hausman, Minnesota Housing Commissioner Mary Tingerthal and other housing advocates.