More U.S. Veterans Are Off the Streets

Thursday, January 03, 2019

Number of homeless vets falls to approximately 38,000, a 5.3% decline since last year and about half the 73,367 veterans tallied in 2009 WASHINGTON—The number of homeless veterans declined in 2018 in response to long-established federal efforts and a push by dozens of local communities, according to the departments of Housing and Urban Development and Veterans Affairs. Nationwide, the number of homeless veterans fell to approximately 38,000, according to an overall count of the homeless taken in January. That represented a 5.3% decline since last year and about half the 73,367 veterans tallied in 2009.  Continue to full article
State announces almost $88 million in housing grants

Wednesday, January 02, 2019

An infusion of $87.5 million will create and preserve 1,700 units of affordable housing across Minnesota, state officials announced Thursday. Minnesota Housing Commissioner Mary Tingerthal said the investment will spur additional local and private funding totaling $364 million and support more than 3,600 jobs. She said the funding will help bolster the state's housing stock. Continue to full article
State announces $87 million for affordable housing

Tuesday, January 01, 2019

Minnesota Housing is investing more than $80 million in projects expected to support 1,700 affordable housing units across the state. The state agency announced Thursday that 55 construction or renovation projects, including 25 for multifamily housing, will receive $87.5 million in deferred loans and other financial assistance. The projects were chosen through a competitive process, Housing Commissioner Mary Tingerthal said in an interview. Continue to full article
A Central Information Source on Down Payment Trends

Monday, December 31, 2018

As the shortage of affordable housing worsens, low down payment mortgages are playing a vital role in helping families become homeowners and stimulating housing demand. Consumers today have at their disposal an extraordinary variety of low down payment options—from FHA, some 2,500 plus homeownership programs, and the newest products offered by America’s leading lenders. However, public awareness of the opportunities to buy a home with a low down payment is still surprisingly low, according to recent surveys.  Continue to full article
St. Paul Planning and Economic Development Department hires new housing director

Sunday, December 30, 2018

St. Paul’s Planning and Economic Development Department announced this week that it has hired Kayla Schuchman as its new housing director. “Kayla brings a unique mix of professional skills and experience to help us implement effective and meaningful strategies along the continuum of affordable housing policies and programs,” Bruce Corrie, the director of PED, said in a statement announcing Schuchman’s appointment. Continue to full article
Mainstreams: Drop-in center offers resources for homeless youth

Friday, December 28, 2018

Open Doors For Youth is a drop-in resource center in Elk River for youth ages 16 to 24 facing homelessness. The center is located at 554 Third St. NW, Suite 201, and is open Monday through Friday from noon-2 p.m. for the public and 2-6 p.m. for youth. Its mission is to provide a safe place where youth experiencing homelessness can acquire basic needs and resources as they work towards building healthy relationships and greater stability. Executive Director Cindy Ley, board chair Cheryl Wold and board member Marilyn Olson talked recently about the organization and some new developments. Continue to full article
Action needed now to address Minnesota's housing shortage

Thursday, November 29, 2018

The availability of affordable homes has been a key competitive edge in attracting families and businesses to Minnesota.  It’s hard to question the credibility of Montevideo, Minn., Mayor Debra Lee Fader when she talks about the connection between housing and the vitality of communities. The civic leader and business person’s knowledge of the issue is firsthand. She hasn’t been able to find a home she and her husband can afford since they sold the Sportsmen Inn, the motel they operated. Now, Fader is seeking to drop her re-election bid. She told a reporter that “she didn’t feel right about campaigning for mayor...
SOLAR FINDS ITS PLACE IN THE SUN AMONG AMERICA'S POOR

Wednesday, November 28, 2018

In a white hard hat, cargo work pants and sunglasses, Krystal Ruiz climbs the scaffolding of a multifamily public housing unit on Manhattan’s Lower East Side. Ruiz is installing solar panels on the building as an installation supervisor with GRID Alternatives, a nonprofit providing solar energy to low-income communities in cities across the U.S. She’s excited. A public housing tenant herself, Ruiz is helping to realize the potential of solar power for communities that simply couldn’t access it a decade ago. It’s a silent revolution sweeping across America’s landscape even as the federal government rolls back its climate commitments under President...
Ribbon cut for Elk River Senior Living

Tuesday, November 27, 2018

New facility provides for independent senior living, assisted living, and memory care options for seniors The Elk River Area Chamber of Commerce recognized Elk River Senior Living on Sept. 18 for opening its doors to seniors in the community. The facility provides independent senior living, assisted living and memory care options for seniors in Elk River and surrounding areas. The 98-unit senior living community is located just east of Highway 169 in Elk River. Continue to full article    
Elk River economic development at a glance

Monday, November 26, 2018

The city of Elk River Economic Development Authority recognizes the availability of a skilled workforce is a critical component to economic vitality in the community. Increasing opportunities for young people enables private-sector businesses to respond to the increasing demands for skilled labor. In order to support this endeavor, the EDA has supported the Youth Skills Training Program, which is offered by the Department of Labor and Industry in collaboration with the Elk River Chamber of Commerce, and local businesses. The jobs created as a result of this investment are believed to positively impact the local economy, the environment and the quality of...
Many steps needed to ensure affordable housing for all

Wednesday, October 10, 2018

This is the third and final installment of a series of editorials by the Adams Publishing - ECM Editorial Board, examining affordable housing issues in Minnesota and potential solutions. Every family needs to have a place to call home – a cozy bed, a kitchen stocked with food and a secure roof overhead. Beyond shelter requirements, home offers us sanctuary from the stresses of life, a place for children to do their homework and for social interaction. So why is that quest so far out of reach for many Minnesotans? It just doesn’t seem possible in this time of booming business, residential...
June foreclosure starts plummet to lowest level in nearly 2 decades

Tuesday, October 09, 2018

Foreclosure inventory hits post-recession low Foreclosure starts just plummeted in June to their lowest level in 17 years, according to the latest report from Black Knight. Foreclosure starts dropped 3.1% from May to June to the lowest single-month total in more than 17 years, according to the report. The inventory of mortgages in active foreclosure dove 30% from last June, according to the report. This brought active foreclosures down by 119,000 loans to below 300,000 for the first time in nearly 12 years. However, despite these decreases in foreclosures, Black Knight’s data also shows delinquencies, mortgages that are 30 days or more past due, inched...
What Realtors need to know about Millennials

Monday, October 08, 2018

And what mortgage lenders should tell them FACT: Nearly half of Millennials (now between the ages of 20 and 37) live in suburbs. FACT: New Home Inventory is low… very low. However, builders are trying to find a way to increase construction of new, entry-level homes to accommodate the growing need. This is good news as would-be buyers have been frustrated in their search for a home that meets their needs  – and their budget. FACT: A large portion of Millennials – slightly less than half – are already purchasing their second or third homes. (Wow!) Working with Millennial buyers First, communication is key. Millennials are well connected and have...
Expanding the Horizon for Homeownership in the Twin Cities

Friday, October 05, 2018

A decade ago, Hunde Takele arrived from Ethiopia to the Twin Cities as a “lucky winner” of the U.S. green card lottery. “It was really hard to win,” he says, not just because millions of people apply to the lottery every year, but winning meant he’d move to a new place he had no connections to. “I didn’t know much about North America,” he says, “I had no family or friends here to call and ask. There was no internet to do any research.” He decided to move to Minnesota because he remembered studying the Mississippi River in school. Once there, he...
Affordable Housing Affected By Workforce Need

Thursday, October 04, 2018

Affordable housing continues to be a growing issue in Rochester. There are multiple factors that go into the price of renting and buying, including the cost of labor.         The decrease in construction workers may be increasing the cost of housing. There is a decline in young construction workers, both in South Eastern Minnesota and across the nation. In 2005, there were 11.7 million construction workers in the U.S., but in 2016 that number dropped by more than a million, according to an analysis of U.S Census Data by Buildzoomin the Wall Street Journal. Continue to full article
The New Housing Crisis: Shut Out Of The Market

Wednesday, October 03, 2018

Ten years after the housing collapse during the Great Recession, a new and different housing crisis has emerged. Back then, people were losing their homes as home values crashed and homeowners went underwater. Today, home values have rebounded, but people who want to buy a new home are often priced out of the market. There are too few homes and too many potential buyers. Home construction per household is now at its lowest levels in nearly six decades, according to researchers at the Federal Reserve Bank of Kansas City. This isn't just a problem in San Francisco or New York, where home prices and rents...
Cities Encouraged to Apply for MHFA Workforce Housing Grant

Tuesday, October 02, 2018

Small and mid-sized cities in Greater Minnesota have until Oct. 11 to submit an application. Up to $1.9 million in grant or deferred loan funds are available to build market-rate residential rental properties in communities with proven job growth and demand for workforce rental housing. The Minnesota Housing Finance Agency (MHFA) is accepting applications until 4:30 p.m. on Oct. 11. —Learn more and apply for this grant Continue to full article
Governor Tim Walz, Live

Monday, January 28, 2019

Building #OneMinnesota starts with listening, and we traveled to every corner of the state to hear what you are looking for in our Administration. Today, we are excited and proud to announce the first of our commissioners who will help us build the future of Minnesota. Department of Administration: Alice Roberts-Davis Department of Transportation: Margaret Anderson Kelliher Housing Finance Agency: Jennifer Leimaile Ho Metropolitan Council: Nora Slawik Department of Management and Budget: Myron Frans Watch Governor Tim Walz, live.
City of Elk River Economic Development
13065 Orono Parkway | Elk River, MN  55330
phone 763.635.1000