A metro-wide initiative will begin buying affordable housing units this summer in an effort to keep them affordable.
The Greater Minnesota Housing Fund launched the NOAH Impact Fund last fall, with the goal of reversing the trend of affordable housing being snatched up by investors to redevelop into higher-end rentals that price out low-income residents.
The Impact Fund aimed to raise $25 million to save 1,000 affordable units most at risk of being converted into higher-end rentals in the seven-county metro area. But it wound up raising $32 million, with $3 million of that coming from Hennepin County, the lead investor.
While the threat to affordable housing exists across the state and region, Hennepin County has about half the metro area's affordable rentals and 30 percent of all rentals in Minnesota.
Past efforts to expand affordable housing have focused on building more such units to combat its growing scarcity in the Twin Cities' tight rental market. Communities continue to see a net loss in affordable housing when existing units go upscale.
KELLY SMITH
Bloomington
16 parks will undergo prescribed burns
Sixteen parks in Bloomington will undergo prescribed burning in an effort to restore native prairies, wetlands and park landscapes. Burns will begin the second week of April and go through the end of May.
Because of weather variability, crews won't know the exact date and time a burn will take place until that day or the day before. City officials will alert residents adjacent to a burn area on the day of the burn.