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Minnesota lawmakers increased the state’s spending on housing about ninefold over the next two years, mostly with one-time funding paid for with part of the $17.5 billion surplus.
The $1 billion in new funding (HF2335) will help developers build more affordable apartments, help low- and moderate-income Minnesotans buy their first homes, and provide rental assistance to thousands of households.
Lawmakers also created the first dedicated funding source for housing through a new quarter-cent sales tax in the seven-county Twin Cities metropolitan area. That tax is estimated to raise about $300 million over the next two years, with the...
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Spending money putting more people on the dole is not going to do anything but delay the inevitable until those funds run out. Apartment Section 8 programs are not sustainable and never were. If you really want to solve affordable housing the key is to come up with a single-family home that can be built incredibly cheaply (think 3-D printing) and then the state/county/city provides the land and infrastructure for free. It’s a one-time cost and the tenant can last forever with a debt-free cheap house that requires no further subsidy. Why is this not already occurring? Because the single-family and multi-family housing lobbies will never let it happen and they have every bureaucrat in the nation on their payroll in some manner.