Rochester MN Area Housing Market and Activities

A continuing project to realize this purpose: “We are a cross-sector Alliance of organizations and individuals who seek to preserve and increase the supply of affordable housing that meets community needs and priorities in the Rochester area, through shared information, coordination, and collaboration.”

Confirmed: AARP Rochester, MN ; Center City Housing (Silver Creek Corners) ; City of Rochester, MN ; Coalition for Rochester Area Housing ; Community Development Department (Formerly Rochester-Olmsted Planning Department) ; County of Olmsted, MN ; DMC EDA ; Greater Minnesota Housing Fund (GMH) ; Homes for All ; Olmsted County Community Services ; Olmsted County HRA ; OpenBeam ; Rochester Area Foundation ; Three Rivers Community Action

Potential:

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

2021 Report

Indicators:

Homeless rates reduction and demographics profile improvement

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

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%.

501 on First Development ; Affordable or Mixed Income Housing Units Above Parking Ramp #6 ; Age-Friendly Olmsted County (AFOC) Plan ; Bryk Apartments ; Century Heights (CH) ; City of Rochester Home Ownership Creation Program ; Empowerment Center/Gage East Apartments ; Homes for our Neighbors ; Jeremiah Program (Campus for Single Mothers and their Children) ; Mayowood Apartments (MA) ; Planning To Succeed: Rochester 2040 Comprehensive Plan (P2S) ; SE Mn Together: A regional community growth initiative ; South-of-Downtown Waterfront Small Area Plan

2023 Olmsted County Housing Profile

State of MN Profile and Findings

Feb 26 City Council Study Session Housing Portion: Economic Development Incentives for Housing

Video Clip

Presentation Slides

Get paid while helping others achieve their homeownership goals!

Referencing BIPOC Homeownership Co-design Report

1. Housing Coalition Report: 2023 Legislative Housing Policy & Funding Update.

2. Future Starts at Home: Constitution Amendment For Housing

The Accessory Dwelling Unit (ADU) Pilot Program supports and encourages property owners in the city of Rochester to develop ADUs on their properties.

Housing Alliance Coalition BIPOC Homeownership Co-designing Co-designing report

(A) Aug 2022 status: Request for Proposals for Senior Housing Development;  (B) Dec, 2021 status: (1) Senior Housing Community Co-Design Project Report;  (2) Project Background: Describing Senior Housing Project and Recruiting Co-Designing Team Members

 Olmsted County and the City of Rochester commit to federal housing solutions effort, House America

Mayo Clinic announced an additional $5 Million contribution to affordable housing bridge. 

   Work Products: 2021 Housing Profile and Coalition Report 2020