Mayor Jacob Frey, Council Member Ellison, and City leaders highlighted an updated report on the City’s nation-leading housing work over the past three years. The Way Home: 2021-2023 Progress Report showcases the historic work the City of Minneapolis has been doing under the Minneapolis 2040 Comprehensive Plan – getting residents into safe, dignified, and permanent affordable housing.
Since 2018, the City has invested nearly $365 million in housing and homelessness and produced 4,679 affordable housing units. This is an average of 780 total units each year and more than double the average between 2011-2017. The City is also producing deeply affordable housing units (30% AMI or less) at nearly 8.5 times the previous rate, helping to keep rents in Minneapolis at some of the lowest in the nation.
“Through the tireless efforts of our Community Planning & Economic Development (CPED) staff and the implementation of the Minneapolis 2040 Plan, Minneapolis has set the national standard for how cities address affordable housing,” said Mayor Jacob Frey. “The Way Home illustrates our commitment to ensuring that every Minneapolis resident has a safe, dignified, and affordable place to call home. This historic work is just the beginning—we are constantly innovating and delivering as we shape the future of housing.”
The Way Home, documented and presented by CPED, outlines core values and strategies to meet the needs of Minneapolis residents. This work is a collaborative effort between the City, State, County, and local non-profit and community organizations.
"Affordable housing is more than just a place to live—it’s a cornerstone of community stability and growth, especially here in north Minneapolis,” said Council Member Jeremiah Ellison. “This report highlights the strides we’ve made and underscores the ongoing need for investment in our neighborhoods. Ensuring that every resident has access to safe and sustained affordable housing is crucial for the prosperity and well-being of our community."
"The Way Home reflects the dedication and innovation of our team and partners in addressing the urgent need for affordable housing in Minneapolis,” said CPED Director Erik Hansen. “Our work is a testament to the power of collaboration and our unwavering commitment to creating a more equitable city."
The report includes seven strategies the City is using to help provide safe, dignified, and affordable housing for residents. The strategies include:
- Strategy 1: Increase housing supply, diversity, and affordable in all neighborhoods
- Strategy 2: Produce more affordable rental housing and preserve subsidized affordable rental housing, for 30 years or more
- Strategy 3: Preserve unsubsidized naturally occurring affordable housing (NOAH)
- Strategy 4: Improve and sustain access to homeownership, especially among residents with lower incomes and people of color
- Strategy 5: Support renters
- Strategy 6: Prevent and end homelessness
- Strategy 7: Maximize potential of publicly owned land to meet City housing goals Highlights of each strategy can be found in the Way Home Report: 2021-2023 Progress Report.
Highlights of each strategy can be found in the Way Home Report: 2021-2023 Progress Report.