Southside - General Topics

Calhoun-Isles, Cedar-Riverside, Longfellow, Nokomis, Phillips, Powderhorn, and Southwest
Sara Bergen
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Re: Southside - General Topics

Postby Sara Bergen » May 19th, 2017, 8:22 am

This fund was started about a year ago with the intent of preserving naturally occurring affordable housing. There was no info on its website regarding how many or which properties it has assisted to date. It is also intended for properties with 50+ units, so it likely favors suburban properties: http://noahimpactfund.com/about/

beige_box
Nicollet Mall
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Re: Southside - General Topics

Postby beige_box » May 19th, 2017, 8:48 am

LakeCharles wrote:
May 19th, 2017, 7:45 am
Does the city have a history of renting small properties? Who would act as the property management?

I like the idea, I'm just curious.
Check out the Public Housing Authority's website: http://mphaonline.org/housing/programs/ ... buildings/ They definitely manage some smaller buildings, like Snelling Manor and Dickman Park Apartments.

And if I may, as far as I can tell (and correct me if I'm wrong), the only local politician calling for the city to take over Frenz's properties is Ginger Jentzen, Socialist Alternative's candidate for Ward 3, alongside renters rights group InquilinXs UnidXs por Justicia (https://www.facebook.com/VoteGingerJent ... 2720386320). Both SA and IUJ are vocal critics of private development in general.

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FISHMANPET
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Re: Southside - General Topics

Postby FISHMANPET » May 19th, 2017, 8:54 am

That noah impact fund, I believe, is really only meant for properties that are in good condition. Reading about it, it really seems like a way for the housing non-profits to extend the non-profit status of their buildings or LIHTC rather than really buying up these older affordable buildings and keeping them affordable.

With this Whittier building, I wonder what condition the building is in. CPM isn't doing any internal improvements but that doesn't mean it doesn't need internal work.
Peter Bajurny
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MNdible
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Re: Southside - General Topics

Postby MNdible » May 19th, 2017, 9:55 am

I believe that Whittier had a number of small coops dating back to the 1970's. In practice, it's difficult for a small group of people to effectively manage a property, and I think most of them were eventually dissolved or taken over by more sophisticated low income housing providers.


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