Minneapolis leaders announce $4 million investment to improve public housing across the city
[anvplayer video=”5188249″ station=”998122″]
Minneapolis Mayor Jacob Frey and other city leaders announced a proposed $4 million investment in public housing across the city Thursday morning.
The money is part of Frey’s 2024 budget proposal, which he says would quadruple the current funds going to the Minneapolis Public Housing Authority (MPHA). Frey is proposing an additional $4 million annually for MPHA, which would bring the city’s total investment with the city to $5 million annually.
According to Frey, the MPHA is working to not only bring units up to code, but also add to the public housing stock within the city.
During Thursday’s news conference, Frey said the money will help the MPHA tackle some of the deferred maintenance that currently totals around $200 million. He went on to say that the waiting list for those in need of public housing includes thousands of people, and the investment will help lower the wait time.
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Minneapolis Mayor Jacob Frey announces an investment in public housing across the city on Thursday, Aug. 10, 2023. Credit: Todd Raen/KSTP-TV
You can watch the full news conference in the video player above.
The mayor’s full 2024 budget is set to be delivered to the Minneapolis City Council on Tuesday, Aug. 15.
Find more coverage on affordable housing here.