Several Proposals Aim to Improve Affordable Housing in Minneapolis

The subject of improving the state of affordable housing in Minneapolis became the next target of city officials and low-income advocates.

Several proposals aim to change lower rents on low-cost housing in the city, following a successful campaign to increase the minimum wage to $15 per hour.

Low-Rent Advocates

Some of the proposals include changes in current regulations, urging property developers to launch more projects and provide tenants with a change to buy properties before owners sell them to third parties.

Renters may consult a civil rights attorney in MN if they encounter issues with their landlords. Legal counselors may help you determine the viability of a potential lawsuit based on the Civil Rights Act of 1964, which prevents anyone from being subject to discrimination in housing.

For tenant rights activists, controlling rent has been their major concern. Despite the recent increase in minimum wage, it would be useless if renters are unable to afford seemingly increasing prices for leasing properties.

Rental City

Low-rent advocates’ push for more affordable housing takes place at a right time as more people in the city rent than own homes. Minneapolis has been known as a city of tenants and every year since 2010, more properties have been under a lease contract instead of an ownership title.

Hence, it is not surprising that the rental vacancy rate in the city reached 3.4% in spring of 2017. The city lacked 11,500 affordable units for certain households in 2014, particularly for those that only had an income worth 50% less than the median salary in that year compared in 2000, according to the Metropolitan Council.

The increase in Minneapolis’ minimum wage will somehow make it easier for low-income residents to pay for rent. However, more work needs to be done in making rental properties more affordable that go beyond the concept of salary growth.