Mayor Frey, city advocates announce millions in funding for racial disparities in homeownership

Minneapolis Mayor Jacob Frey unveiled a multi-million-dollar investment to address what his office says are racial inconsistencies in homeownership on Thursday.

Mayor Frey was joined by community partners and city leaders on Thursday at 12:15 p.m. to highlight the nearly $6 million allocated for the Minneapolis Homes program, a City of Minneapolis program that supports homeownership and sustainability for Black and Indigenous people.

With the additional funding, Mayor Frey said almost 600 lots in Minneapolis can now be built on and lived in.

The investment passed through Minneapolis’ Business, Inspections, Housing, and Zoning Committee last week and officials say they expect it to pass through the full City Council on Thursday. CLICK HERE for additional details on the investment.