Affordable Housing Isn’t Easy

Bluff-Creek Apartments

The Carver County CDA and our individual cities struggle to provide our residents affordable housing.

Why?  Oftentimes, the cost to build exceeds what can be received in rents or sales proceeds to make the project feasible.  Furthermore, many incomes for younger people as well as seniors do not cover the typical asking rents or mortgage payments required to afford a home.  There has been significant research done on this topic.

The CDA has provided two articles below for further information, and we encourage all city leaders and residents to read them for further insight and education:

Working Doesn’t Always Pay For A HomeAffordable Rental Housing Does Not Reduce Property Values

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