ST PAUL, Minn. — The Ramsey County Board of Commissioners approved more than $14 million in funding Tuesday for affordable housing.
The county will invest $14.4 million from the American Rescue Plan Act (ARPA) for eight affordable housing development projects. According to the county, the money satisfies the county's commitment to dedicate $37 million toward affordable housing infrastructure.
“This is a major step forward in our years-long work to expand affordable housing,” said Ramsey County Board Chair Trista MatasCastillo in a press release. “There is an urgent and evident need for affordable housing in Ramsey County and we are proud to have accomplished this goal in the face of a housing crisis.”
Projects funded by the ARPA over the past two years are expected to add 406 new affordable rental units, helping residents who earn at or below 30% Area Median Income (AMI).
“Access to safe, affordable housing a basic human right,” said St. Paul Mayor Melvin Carter in a release. “These projects invest directly in the well-being of our community and will provide many of our most vulnerable residents the opportunity to build a foundation.”
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