Minnesota Housing Partnership

Peter Callaghan of MinnPost covered the “Sold Out” screening and panel discussion with displaced tenants, organizers, nonprofit developer, and GMHF’s Warren Hanson. “Crossroads” was the name of a large, almost-50-year-old apartment complex in Richfield that, in 2015, was purchased, renamed and “upscaled” to bring in higher rents in a tight market. Because of that transformation… Read more

Apartment sales in the seven-county metro increased 165 percent between 2010 and 2015, according to the report. The report analyzed data from Marquette Advisors, CoStar and Finance & Commerce’s Twin Cities Apartment Sales Tracker. Many units – often in Class B or Class C buildings – are being refurbished, rebranded and leased for more than… Read more

Gabriel Corbesia works as a security guard and recently graduated from Summit Academy near the top of his carpentry class. Corbesia, a member of the Lac Courte Oreilles Band of Lake Superior Chippewa who grew up in the Phillips neighborhood of Minneapolis, has wrestled with alcoholism and homelessness. Today, he is a thankful, productive citizen… Read more

From a Star Tribune news story by Eric Roper. It seems not a week goes by lately without news about low-income tenants forced to move when their landlord sells their apartment building to investors. A new report offers numbers behind those anecdotes, illustrating a major shift in the local rental market. In “Sold Out,” released… Read more