Description:
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Report on grant to expand initiatives pertaining to deeply affordable homeownership in Minneapolis neighborhoods with over 40 percent of residents identifying as Black, Indigenous, or People of Color and at least 40 percent of residents making less than 50 percent of the area median income. Report must include the amount used for (1) acquisition, (2) rehabilitation, and (3) construction of housing units, along with the number of housing units acquired, rehabilitated, or constructed, and the amount of the appropriation that has been spent. If any home was sold or transferred within the year covered by the report, the report must include the price at which the home was sold, as well as how much was spent to complete the project before sale
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Committee/Agency Jurisdiction:
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Housing Policy and Finance
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Note:
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Reports are due on December 15, starting in 2024 and ending in 2027.'
According to Urban Homeworks, its contract was signed Dec. 19, 2024 so there was nothing to report by the 12/15/2024 due date. The first report is expected by 12/15/2025.
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