SAINT PAUL, Minn. - In May 2023, the Minneapolis Public Housing Authority (MPHA) presented research on the impact of a fully funded housing tax levy in the City of Minneapolis to the Minneapolis Board of Estimate and Taxation (BET). The agency estimates a fully funded levy would generate $12 million annually in new funding to help MPHA expand its public and deeply affordable housing preservation and production activities.
Historically, the U.S. Department of Housing and Urban Development (HUD) has only provided about 10 percent of the funding necessary for major building improvements. In 2022, MPHA received nearly $20 million from HUD to help the agency address its estimated $210 million capital backlog. Relying solely on HUD’s annual capital funding, the agency projects its capital backlog will reach $403 million by 2043.
The Minneapolis Delegation wrote a letter in support of creating a fully funded tax levy that would help generate more revenue to support the Minneapolis Public Housing Authority expand its public and deeply affordable housing preservation and production activities.
Attached: Letter of Support from select members of the Minneapolis Delegation. LetterofSupport_Levy_MPLSDelegation.pdf
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