What is the need in Eden Prairie?
​
1. Low income - While there is housing in place for residents within the low-
income groups, the state of some of those apartments is unsatisfactory.
Often, the basic minimum upkeep and care that the residents of these
dwellings are entitled to is sorely lacking and the renters are taken
advantage of by the property owners as well as the caretakers of these
dwellings.
2. Workforce - Affordable housing is needed not just for people who are from low-income groups. Workforce housing availability allows medium income folks like firefighters, police, and teachers to live within the communities where they work and serve. Teachers and firefighters often must commute long distances to work in Eden Prairie, and we may lose out on great talent because of these longer commutes.
3. Economic Mobility - Affordability touches so many people and fluctuates for many reasons: divorce, loss of job, risk-takers, market downturns, starter income. Because people become attached to their schools and communities, they want to stay in that community. We need options to be there for families during changing economic times.
There is not enough affordable housing in Eden Prairie -
-
People who work here can’t afford to live here.
-
Developers receive government funding to make units affordable for a specific period. Some of that housing stock is expiring, so we are losing units.
-
Natural Occurring Affordable Housing (NOAH) is at risk of flipping and displacing current residents.
The need for making affordable Housing viable to residents of Eden Prairie is multifold:
