The city awarded over $17 million to affordable housing construction and rehabilitation projects.

The city of Minneapolis announced a nearly $18-million investment in affordable housing programs aimed at assisting renters. “Proposals were evaluated based on underwriting standards, financial feasibility, location, project readiness, design guidelines and more. The funds are provided as a deferred loan with a 30- to 40-year term.”
According to a press release from the city, the funding was made available through a request-for-proposal process to organizations building affordable rental housing.
The funding, which was awarded to 11 projects across the city, comes in part from the Affordable Housing Trust Fund Program (AHTF) and the Federal Low Income Housing Tax Credit Program.
FULL STORY: City invests nearly $18 million into affordable housing projects

Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25,% resulting in 1,900 jobs lost.

North Texas Transit Leaders Tout Benefits of TOD for Growing Region
At a summit focused on transit-oriented development, policymakers discussed how North Texas’ expanded light rail system can serve as a tool for economic growth.

Using Old Oil and Gas Wells for Green Energy Storage
Penn State researchers have found that repurposing abandoned oil and gas wells for geothermal-assisted compressed-air energy storage can boost efficiency, reduce environmental risks, and support clean energy and job transitions.

A Bronx Community Fights to Have its Voice Heard
After organizing and giving input for decades, the community around the Kingsbridge Armory might actually see it redeveloped — and they want to continue to have a say in how it goes.

Houston Mayor Promises Dedicated Austin Street Bike Lane After Public Backlash
Although the one-way bike lane won’t be protected by physical barriers, the proposal is an improvement over the mayor’s initial plan to only include sharrows on the Austin Street project.

How Atlanta Built 7,000 Housing Units in 3 Years
The city’s comprehensive, neighborhood-focused housing strategy focuses on identifying properties and land that can be repurposed for housing and encouraging development in underserved neighborhoods.
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