Ward 8 Update Newsletters November 4, 2016

8th Ward News from Minneapolis Council Vice President Elizabeth Glidden
Visit us at www.minneapolismn.gov/ward8

November 4, 2016

CONTACT INFORMATION

Elizabeth Glidden
350 S. 5th St.
City Hall, Room 307
Minneapolis, MN 55415

Phone: 612-673-2208
elizabeth.glidden@minneapolismn.gov

 

OFFICE HOURS

Every Monday morning, 9-11:00 a.m.
Sabathani Community Center 
310 E 38th Street, 1st floor hallway nearest to the parking lot

Call for an appointment or just
drop by!

 

 

City of Lakes

Vote!!!

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We are down to the last days before the election this Tuesday, November 8.

Take advantage of Minneapolis early voting locations, which are open for extended hours now through Monday, including weekend hours of Sat: 9am-4pm and Sun 12-5pm and Monday 7am-6pm.  Any voter may vote early. You can get more information at vote.minneapolismn.gov.

In-person locations are:

  • Downtown Early Vote Center, 217 S. Third St.
  • North Early Vote Center, 2100 Plymouth Ave. N., in the Minneapolis Urban League building.
  • South Early Vote Center, 1860 E. 28th St., in the Roof Depot building
  • Northeast Early Vote Center, 2516 Central Ave. NE in the Water Bar building.

For information about registering and voting in Minneapolis you can visit vote.minneapolismn.gov or call 311 or 612-673-3000.


Early Mornings with Elizabeth: The Fight for Affordable Housing includes Section 8!

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Join us for Early Mornings with Elizabeth on a special date of November 10, featuring Co-Host Council Member Abdi Warsame.

The Fight for Affordable Housing Includes Section 8!

Special Date ** Thursday November 10, 7:30-9:00 am
Turtle Bread, 4762 Chicago (in the Pizza Biga room)

Join us for a discussion of our Section 8 programs and recommendations for reform, including prohibiting discriminatory treatment of Section 8 voucher holders. Council Members Glidden and Warsame have worked with residents to identify Section 8 program improvement needs, and are co-authors of a proposed Section 8 anti-discrimination ordinance.

We are honored to welcome public housing expert Professor Ed Goetz, of the University of Minnesota Humphrey Institute, to discuss the race-based history of public housing and section 8 programs. The Family Housing Fund (FHF)’s Executive Director, Ellen Sahli, will discuss the FHF’s focus on assisting Twin Cities communities in their work to improve Section 8 / Housing Choice Voucher programs, and her experience implementing Section 8 reforms during her tenure as the Director of the Chicago Public Housing Authority. Finally, we will hear from HomeLine Tenant Advocate Zeynab Egale, who has worked with residents participating in Section 8 / Housing Choice Voucher Program.

We hope to see you for this important conversation about our community need for safe and affordable housing.


City Council Approves New Strategy to Preserve Affordable Housing

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The City Council just approved another tool to support preservation of affordable housing units (naturally occurring affordable housing is the term currently used). This is a change in our investment policy to allow the city to invest in mortgage backed securities. Our action will allow the city to help provide a first mortgage to qualified purchasers to help speed up an offer on for sale NOAH properties. The Mayor has proposed in her 2017 budget gap financing that will also help with these purchases of NOAH properties to hopefully forestall them from being sold to for profit owners that will increase rents significantly.

City Council Vice President Elizabeth Glidden said: “Preserving naturally occurring affordable housing is one of the most significant challenges for Minneapolis and our entire region. We hope other local governments can join us in adopting strategies to preserve safe affordable housing units throughout the Twin Cities metropolitan area.”

The policy change allows the City to invest in mortgage backed securities where the underlying mortgages are for properties that are “naturally occurring affordable housing” (NOAH) properties in Minneapolis. Naturally occurring affordable housing generally refers to unsubsidized multifamily rental housing affordable to households with incomes at or below 60 percent of the area median income ($51,480 for a family of four.) 

Rents in NOAH units average between $500 and $1,200 per month. Minneapolis has about 23 percent of these affordable units in the seven-county metro area, roughly 38,000 units. The strong real estate market has made these properties more attractive to investors and subsequently led to dramatically higher rents at many buildings and a displacement of tenants who can no longer afford these increased rents. 

Investments in NOAH properties would be limited to 10 percent of the City’s investment portfolio, which could help finance 800 to 1,100 rental housing units in Minneapolis, depending on purchase prices. The investments would be guaranteed by agencies of the federal government which have strict underwriting criteria. The guarantee of the federal agencies is necessary to make the mortgages eligible investments under state law. The goal is to help NOAH property owners reduce rents for tenants and invest in additional capital improvements in buildings.