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Key Metrics and Related Projects

Affordable Housing Metrics

Data and Graphics from Minnesota Compass  Rochester Data Courtesy of Jim Miner

% of Household Housing Burden

% of Household Housing Burden

% Paying 30% or More

% Paying 30% or More

Homeownership By Race

Homeownership By Race

Housing By Cities

Housing By Cities

Cost Burden Profile

Cost Burden Profile

Renter

Renter

Owner

Owner

Homelessness

Homelessness

Single Family Building Permits

Single Family Building Permits

Condo Perimits

Condo Perimits

Avg Sold Price

Avg Sold Price
       

Affordable Housing Framework 2016 - 2020

Housing Framework

Available Description

Published in February 2014, the Maxfield study found that the vacancy rate for affordable senior rentals was 0.8 percent in December, compared to a 4.6 percent vacancy in senior market rate housing. To meet the anticipated demand, the report suggests that an average of 126 affordable senior housing units need to be built annually through 2020, compared to the average of 8 units a year that were added from 2006 to 2012. The demand for market rate senior housing is expected to go from adding 16 units a year to an average of 251 a year. Many such projects are already under construction or in the pipeline for coming years.

Strategies (How)

Strategies:

Greater Minnesota Housing Funds (GMHF) Facilitating "Housing Action Plan"

Coordinated with all local planning efforts

Establish housing production goals

Identify financing tools, policy tools, best practices

Consult with State, Federal & Local Government & Foundations

Plan for increased local development capacity

Innovative policies, strategies & Public/Private Partnerships

Results (Work Products)

Results:

Affordable housing for all income levels:

 

 

Indicators (How do we know we are achieving the results?)

Indicators:

Homeless rates reduction and demographics profile improvement

Reduced area Annual Rental Production Trend (2006-2012) and Annual Needs Projections (2014 - 2020) Gaps

Market Rate Rental

Affordable Workforce Rental

(General)

Market Rate SeniorAffordable Senior
Production Demand Production Demand Production Demand Production Demand
117 167 20 246 16 251 8 126

 

1. Rental affordability improvements from current statistics of 58.2% of area renters cannot

afford the average market rent of $957 / Month. Majority of renters are rent burdened.

2. Improved affordable workforce rental general occupancy from 1.2% to xx% and affordable

senior rental housing from 0.8% to yy%.

 

Status/News

February 04, 2020 PB: 2016-2020 Housing Framework Status

2020-02-04 PB Reporting: Process improvement needed. 

 

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November 23, 2019 MedCity Beat: Minnesota Housing awards funding for two affordable housing projects in Rochester

The two local projects selected are Century Heights, a 76-unit project from Rochester-based Joseph Development, and Mayowood Apartments, a 30-unit development from Center City Housing Corporation.

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September 27, 2019 openBeam.net: 2019 DMCC Affordable Housing Work Plan Status

2019 Presentations : September DMCC, meeting, May DMCC meeting and Feb DMCC meeting.

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August 18, 2019 PB: 2019 Housing Status

Housing coalition has invested $3 million in 16 months.

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February 15, 2019 openBeam.net: Councilman Michael Wojcik Comments to DMC pertaining to Affordable Housing

Here are 6 comments / Suggestions that that Councilman Wojcik sent do the DMC EDA and Board pertaining to how DMC can have a positive impact on the affordability of housing in the district and beyond.

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January 17, 2019 openBeam.net: Affordable Housing Proposal

The City of Rochester is looking to have up to 10 floors of housing constructed on top of a brand new 650 unit parking ramp.

This is in both a targeted census tract, an opportunity zone and a couple blocks from the Mayo Clinic. The city spent an addition $500k to ensure footings could serve up to 10 addition levels of housing.

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December 09, 2018 openBeam.net: Collective Impact Model to enable Housing Coalition

11/13/2018 Housing Coalition meeting starting a series of conversations regarding the future and role of the housing alliance in our community.  To start these conversations, Elaine Case will be presenting on the Community Impact model.

 

 

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August 21, 2018 openBeam.net: 2016-2020 Housing Framework

Notes and presentation from  the July Housing Conversation hosted by Kim Norton.

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December 24, 2017 PB: Coalition to advance housing framework

Rochester Area Foundation announced the creation of the Coalition
for Rochester Area Housing, a group of public and private sector organizations dedicated to affordable housing in the Rochester area.

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A sub-site of Community Beam, the City4Good website is being prototyped by openBEAM.net  to help the "In the City For Good initiative" to better collaborate.
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Rochester Public Library (February 22, 2020)

Rochester Public Library Strategic Plan 2020 - 2025

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Federal Reserve Bank quality education initiative (February 18, 2020)

Federal Reserve Bank of Minneapolis invitation to support constitutional amendment to guarantee a quality education for all of our state's  children.  

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Rochester Nonprofit Consortium Meeting Materials (February 12, 2020)

2020-02-11 Strengthening our Human Services Ecosystem by Rochester Nonprofit Consortium meeting materials

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Collider Foundation (February 12, 2020)

Microgrants to Help Support Entrepreneurial Activity

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