Community Conversation: Affordable Housing

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Community Conversation

December 12, 2013

Honey Burg, Assistant Vice President and Branch Manager at U.S. Bank in Mankato was able to allocate considerable time and resources to invite the community to come together to explore the possibilities and identify the opportunities to impact affordable housing in our region. #

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Minnesota Housing Finance Agency, the City of Mankato, and the USDA Rural Development staff joined in the conversation. What happened next is laid out for you in this document; a “harvest” that summarizes what happens when we work together better…

Community Conversation! Exploring possibilities and creating innovating opportunities for affordable housing in the Mankato area On Thursday, December 12th over 20 professionals from economic development, housing development, nonprofit, state and federal agencies came together. We explored what possibilities exist for our region to create innovative opportunities to meet the current housing challenges we are facing. When we face complex challenges like this, it provides us the perfect opportunity to come together to identify local opportunities and solutions. ! • Mankato is the fastest growing MSA in the nation, we’ve experienced 10% growth in 20 years! • We currently have .07% vacancy rate, meaning that this is the total amount of rental units that are currently unoccupied or not rented out at this time !

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• 38% of households pay 30% or more of their income on housing in Blue Earth County

Hosted and Harvested 
 by Sowelu Institute

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Community Conversation: Affordable Housing by Katie Boone - Issuu