By Insight Online Contributor, Insight News
The Minneapolis City Council approved $10.6 million in direct investment and $1.6 million in 10-year federal tax credits to create or preserve 764 units of affordable multifamily rental housing in 10 projects located throughout the city.
These investments are the result of awards from the city’s Affordable Housing Trust Fund and federal Low-Income Housing Tax Credit programs for 2018. Together, these investments will leverage more than $188 million in additional private and public resources.