A case study emerging from the Brookings Institution’s Community of Practice on Regional Housing Solutions.
Margaret Kaplan, community development director of the Minnesota Housing Finance Agency, writes the latest installment of a series of articles on the Brookings Institutions website that highlights innovative strategies and tools designed to help increase and diversify the supply of quality rental housing in opportunity and priority reinvestment areas.
Kaplan is sharing information about Minnesota’s Consolidated Request for Proposals—"an initiative that brings together multiple funding partners to advance state and regional housing priorities" and has funded $298.9 million in investment from Minnesota Housing and partners in the past years, "resulting in $883 million in housing development activity for the creation or preservation of 5,074 affordable housing opportunities."
Kaplan shares more of the history of the Consolidated Request for Proposals since its creation in 1994, it's key characteristics, and the changes implemented over the years.
FULL STORY: The state’s role in financing regional housing priorities: Minnesota’s Consolidated RFP
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