ICIL Ministries

Yesterday, the Minneapolis Board of Estimate (BET) voted to approve a $5 million MPHA housing tax levy for Fiscal Year 2024, in line with the long-term funding agreement announced last month. Last week, MPHA staff presented to the BET a five-year capital plan detailing the agency’s intended uses for a $5 million annual housing levy and answered a variety of questions on the plan.

These plans target both preservation and new-unit production, as well as health, safety, code compliance, and quality of life improvements. All told, this plan enables MPHA to address at least $25 million in current and upcoming capital needs while paving the way for long-term preservation of approximately 500 units. Additionally, the plan also supports the potential creation of 100+ new units and includes capital improvements targeting top concerns of MPHA residents.

Read more about this new funding and the agency’s five-year levy capital plan to preserve and produce deeply affordable housing across Minneapolis: Bit.ly/5MLevyPlanFY24