Many states have adopted programs and initiatives to tackle the affordability crisis. In Minnesota, policymakers and the housing industry have made concerted efforts to address the problem. Examples include:
The Bridges Program provides a rental subsidy to persons with serious and persistent mental illness and who are experiencing long-term homelessness. Eligible households must pay more than 30% of their gross income on rent and must be on a waiting list for permanent housing subsidies. Length of time of assistance depends on how quickly the permanent subsidized housing is available. Approximately 500 households receive assistance each month.
Family Homeless Prevention and Assistance Program
The Family Homeless Prevention and Assistance Program (FHPAP) provides short-term assistance to people who are homeless or who are at risk of becoming homeless. For those at risk of homelessness, the assistance generally takes the form of payments to cover rent, mortgage, or utility costs to prevent foreclosure or eviction. FHPAP is administered by the Minnesota Housing Finance Agency.
Minnesota Housing Trust Fund
The Minnesota Housing Trust Fund (HTF) provides capital loans and grants to finance the construction and rehabilitation of multifamily rental units. Funding priority is given to housing proposals serving extremely low-income households, and proposals serving households experiencing long-term homelessness.