Minnesota Housing Finance Agency

Recent Articles

Mpls to build 100 green homes on city’s North Side

 

Welcome, MSR readers, to a new section you will see appear regularly in these pages, something we call Green2Green. Most of you by now have heard of the green movement to clean up our planet, stop the waste of precious natural resources, and get climate change under control. What is not always clear is just what this movement means to each one of us in our everyday lives. Nor is it always clear how this movement includes environmental justice issues of particular concern to communities of color. And finally, it is not always clear how the green movement can also save us green, as in Benjamin green, and is creating new opportunities for productive careers. Continue Reading →

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City reports renovation of Riverside Plaza complete

 

According to a recent City of Minneapolis press release, the $65 million renovation of 1,303 affordable housing units at the iconic Riverside Plaza is now complete. The renovation is one of the largest U.S. Department of Housing and Urban Development-supported projects in the country. 

An event was held at Riverside Plaza October 10 to celebrate the revitalization of the property. The housing unit improvements include upgrades to the mechanical and electrical systems that will extend the lifespan of the property for another 40 years. The exterior and site work focused on returning much of Riverside Plaza to its original 1970s appearance. The two-year construction period provided 200 construction jobs, 90 of which were reserved for Minneapolis residents with an emphasis on hiring Riverside Plaza residents and residents of the Cedar Riverside neighborhood. Continue Reading →

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Winter looms while Northside storm damage remains

 
City offers low-cost forgivable loans to help fix homes
 

By Charles Hallman

Staff Writer

 

According to City of Minneapolis officials, there still are over 200 Northside tornado-damaged homes with tarps on their roofs. With winter close at hand, there is now over $2 million in funds available for homeowners who still need repairs to their homes damaged by the May tornado. The Minnesota Housing Board recently gave the City $750,000 to help provide interest-free loans to North Minneapolis homeowners for roof and chimney repairs. “We [now] have money” to help these homeowners, says Cherie Shoquist, City foreclosure project coordinator. She says that she sympathizes with those who have been frustrated in trying to get things fixed after the May storm and for whatever reason haven’t been successful thus far. Continue Reading →

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