Authors

Kenton Card, Evan Davis, Edward Goetz

Center for Urban and Regional Affairs, University of Minnesota

Jeremy Schwartz

Sellinger School of Business and Management, Loyola University Maryland

Abstract

A new study by CURA Research Associate Anthony Damiano and CURA Director Edward Goetz examines how investor size and type influence outcomes in the single-family rental (SFR) market in Minneapolis-St. Paul. Comparing institutional players like REITs and private equity firms to smaller local landlords. Spatially, private equity firms were hyperconcentrated in lower income communities of color while REIT-owned homes were more concentrated in middle-income suburbs. They also found differences in terms of eviction rates by owner type. Among local landlords, the smallest landlords had the lowest average eviction rates and eviction rates rose as…

by Elizabeth Burton

Excerpted from Local Data for Equitable Communities Resource Hub, a publication of NNIP…

The City of Minneapolis faces a growing issue with vacant, abandoned, and deteriorated properties, particularly in areas like North Minneapolis. The City has committed to getting these properties back into functional usage, and in partnership with the Center for Urban and Regional Affairs’ (CURA) Kris Nelson Program, the North Minneapolis Promise Zone analyzed the City’s redevelopment process. Through a case-study and survey of West Broadway Avenue in North Minneapolis, it was found that numerous properties in the vicinity have…

Executive Summary

The Low-Income Housing Tax Credit (LIHTC) is less efficient with public subsidies than other subsidized housing development programs in the State of Minnesota. Public subsidy is lost at the very beginning of tax credit deals when developers must sell the credits to investors. Historically, the market has resulted in credits being sold for 87 cents on the dollar, a loss of 13% in the value of the credit at the outset. We are unable to estimate the full cost in dollars of this leakage due to lack of data. Second, administrative costs are higher for tax credit projects than for non-LIHTC projects. We estimate a cost of up to $1.…

By Samuel David, Department of Curriculum and Instruction at the College of Education and Human Development, and Mabindra Regmi, graduate research assistant

Introduction

People are on the move. The forces of global commerce and connectivity have conspired with the disruptions of conflict…

Renewing the Countryside is a nonprofit organization that strengthens rural areas by championing and supporting rural communities, farmers, artists, entrepreneurs, educators, activists and other people who are renewing the countryside through sustainable and innovative initiatives, businesses, and projects.

In 2022-23, CURA partnered with Renewing the Countryside and a student researcher to study agricultural easements as a policy tool to preserve agricultural land in Minnesota. Agricultural easements protect the long-term viability of the nation’s food supply by preventing conversion of productive working…

Introduction

Sitting around six tables in a bright room, about forty-five civil servants from the Minnesota’s Department of Human Services joined a day-long planning session of a new policy initiative that aims at advancing two-generation approaches that improve outcomes for children and parents altogether — the Minnesota 2-Generation Policy Network. Some of the participants were apprehensive as they often…