Affordable housing in the Twin Cities

Grants | Legacy Digitization | Topics | Politics |
March 28, 2002
Annie Feidt - Reporter
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The Metropolitan Council has approved a new definition for what constitutes an affordable home in the Twin Cities. The council has determined an affordable home costs 170-thousand dollars or less. That's up from 134 thousand last year. According to the council's standard, a family of four making 76-thousand dollars a year can afford to buy a 170-thousand dollar home without spending more than 30 percent of its gross income. Met Council chair Ted Mondale says the jump is both good and bad news for the region:

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Digitization made possible by the State of Minnesota Legacy Amendment’s Arts and Cultural Heritage Fund, approved by voters in 2008.

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