The Homes for All virtual rally is only two days away! And as we gear up to make sure housing is a legislative priority, we need your advocacy more than ever. Right now Minnesota's lawmakers have the opportunity to make a huge impact on our housing crisis by passing a bonding bill that supports construction of affordable housing, the repair and rehabilitation of existing housing, and more. Please reach out to your lawmakers by clicking on this link and let them know:
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Significant support for Housing Infrastructure Bonds and GO bonds for Public Housing in the bonding bill is a smart investment in helping to stimulate Minnesota’s economy. There are shovel ready projects in both Greater Minnesota and in the Metro.
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Bonding support for Minnesota’s affordable housing market has the potential to create 8,000 jobs and create or preserve up to 3,600 long-term affordable homes (if we invest $400 million in Housing Infrastructure Bonds) and can create 1,000 jobs and preserve up to 18,000 homes with $100 million in GO Bonds.
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Every $1 of state of bonding investments leverages $3 in private investment and can preserve $4 in federal subsidy.
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The housing shortage in the Twin Cities alone is limiting job growth and projections could reduce Gross Regional Product by $215 million annually, impacting the state’s overall budget as well.
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The COVID-19 crisis has only further highlighted Minnesota’s affordable housing crisis with our shelters at capacity and thousands of households barely able to make ends meet. While Homes for All has advocated for emergency response dollars, it is clear we need to invest in more housing, particularly for our state’s lowest wage earners.
The best time to take action is before the Homes for All rally on Friday, but e-mails are welcome at any time. And don't forget to register to join the rally on Friday, May 8 from 10am-12pm!