With a forecasted $7.7 billion budget surplus for the upcoming 2022 Legislative Session, providing housing stability must be a priority according to ranking DFL-lead on the Senate Housing Finance and Policy Committee Senator Kari Dziedzic (DFL-Minneapolis).
“Far too many families in our state are facing housing instability, and many are just one emergency away from being unable to afford their rent. Without stable housing, families are at risk of falling behind in every aspect of their lives,” said Senator Dziedzic. “That’s why we must deliver a significant investment in housing support this year by investing in rental subsidies that will help the 550,000 Minnesotans struggling to afford their rent.”
Currently, only 1 in 4 Minnesotans qualify for federal rent subsidies. To fill this funding gap, SF 333 would fully fund rent support for qualifying families. Under the legislation, families earning less than 50% of the Area Median Income and paying 30% of their income toward rent would qualify for these vouchers.
“With these rental vouchers we could deliver stability in the lives of Minnesotans in every zip code of our state and help move tens of thousands out of poverty, all at just a small percentage of our state budget,” said Senator Dziedzic. “There is no better investment we could make as a state that would deliver life-changing results, and we must not let this opportunity go to waste.”
More than 30 nonprofit organizations have joined the “Bring It Home” coalition to support this legislation. Additional information can be found at www.BringItHomeMinnesota.org.