Metropolitan Council chair Susan Haigh on Wednesday announced the first major regional housing plan by the agency in decades.
Citing a need for more lower-income housing to deal with changing demographics in the Twin Cities, Haigh said the agency would begin by spending $32 million to preserve homes and spur growth along transit lines. The funds will come from a program not fully used during the economic downturn, Haigh said.
How much of the money will go for low- and moderate-income housing and how much for other residences wasn't immediately clear.
She said the housing initiative is needed to deal with the growing number of senior citizens and minority members in the Twin Cities. U.S. census trends forecast slower population growth with smaller households and more seniors, and that 45 percent of residents of the region will be racial minorities by 2040, she said.
"That's a dramatic shift for us," she said. "Our region has to embrace this rapidly growing diversity. ... It's not just the right thing to do, it's a smart business decision."
Haigh outlined the agency's new focus during her "state of the region" address at an annual meeting with local and state officials and business leaders. She acknowledged her dual interests as the chair of the Met Council and the head of Twin Cities Habitat for Humanity, which builds low-income housing.
"I'm 100 percent committed to developing affordable housing in our region," she said. "In virtually every community in our region, we need more."
Much of the effort will focus on rehabbing existing housing along transit corridors, Some will involve new development.