St. Paul, Ramsey County announce investment of $74 million for ‘deeply’ affordable housing
14 Dec 2021
News
Officials with the city of St. Paul and Ramsey County plan to pool more than $74 million of federal American Rescue Plan funding for what they are calling “deeply affordable housing.”
Mayor Melvin Carter said at a press conference Monday that the city will invest $37.5 million into a “30 percent Area Median Income” housing fund and Ramsey County has committed to invest an additional $37 million. It represents one of the largest uses of federal relief dollars for affordable housing in the nation.
The funds will be used to expand housing in the east metro, including the construction of more than 1,000 permanent housing units with a 30 percent area median income.
More Topics
A research greenhouse. An innovation hub that helps life science startups access investors, marketing services and website design. A training center for K-12 students. And new pharmaceutical and medical research labs coming to the former St. Joseph’s Hospital in downtown St. Paul.
The Greater MSP Partnership, a regional economic-development...
Standing inside the new Yum! Kitchen & Bakery on Snelling and Selby in St. Paul, Patti Soskin tells me that they refer to it internally as Yum Homeland. She points out the windowed wall to the corner across the street and tells me, "That's where my dad had his business,...
U.S. Secretary of Commerce Gina M. Raimondo today announced the GREATER MSP Partnership is one of the 60 finalists for the U.S. Economic Development Administration’s (EDA) $1 billion “Build Back Better Regional Challenge.” There were 529 applications from regional coalitions from across the country, and only about 11 percent were...