Mayor Jacob Frey & MPHA, Don't Auction Off Our Homes to the Highest Bidder!
1. The Median Income for majority white families for the Twin Cities region including Minneapolis and St. Paul is $94,300 per year in 2018.
2. The median income for black Minnesotan households is just $33,436 per year in 2018.
3. The average (MPHA) public housing residents, family of four, working households earn $20,656 per year, and can only afford rent of $512 a month at 30% of their monthly income.
4. The average low-income( MPHA) public housing residents earn $14,201 per year, and can only afford rent of $355 a month at 30% of their monthly income.
5. Seniors public housing residents on social security income earn $9,000 per year, which is only $750 a month, and can only afford a rent of $225 a month at 30% of their monthly income.
6. Black and low- income families can't make enough to keep up with rising rents, and they will be forced out of Minneapolis.
7. Average rent for a 2 bedroom in Minneapolis = $1,984
If MPHA and Mayor Frey plans succeed to convert public housing to section 8 private ownership, it is no longer public, and there are no protections for the most vulnerable population of our city. Rents will increase. Investors will make millions. Residents will be displaced by private investors to convert the buildings for high end rentals for wealthier people. Low- income people's homes will be taken away anytime the buildings go up for sale or face foreclosure. Families shouldn't be forced to pick between a roof over their children's heads and food on the table for their children. Between 2000 to 2018, average income for Black Families in Minneapolis dropped by 40% while rents doubled. The vast majority of renters in Minneapolis are people of color, and 80% of public housing residents are Black. By age, majority public housing residents are seniors and children under 17. There are over 11,000 low-income Black, Black Muslim, refugee, senior, people with disabilities who will be forced out of their homes if Mayor Jacob Frey and MPHA’s plans to privatize and auction public housing are approved.
We can’t let that happen. Privatizing public housing will deepen the racial and class divides already challenging Minneapolis. Flipping public housing into section 8 privately owned which will then flip to high end market-rate units hurts low-income families, but all Minneapolis families will feel the pain of less available public and income based which are the real affordable housing options.
Private sector shouldn’t use our tax dollars to pad their pockets with profit. Private business and corporations always put profit over people. Private developers want to get their hands on public and low- income rental units and price them to make a windfall off wealthy families and incoming gentrifiers. The most vulnerable among us in Minneapolis – the elderly, poor, people with disabilities, low-income families -- will be displaced. Flooding our housing market with high end market-rate units will fuel gentrification, push out residents and turn Minneapolis into a city catering to the rich.
Keeping public housing under public control means that people come first!
Rental Market Watch: Minneapolis. March 2018. Minnesota Housing Partnership. https://www.mhponline.org/images/stories/docs/research/NOAH-MPLS-final.pdf