Ramsey County approves $6.75 million for affordable housing development projects
The Ramsey County Board of Commissioners today approved an investment of $6.75 million for three affordable housing development projects across three cities. The decision concluded the third phase of the county's Deeply Affordable Housing Infrastructure Initiative, which will add more than 300 new or preserved affordable rental units to the current housing supply.
Projects selected from the Affordable Housing Development Readiness Solicitation were awarded American Rescue Plan Act (ARPA) funding and are located in Saint Paul, Mounds View and Little Canada. These projects have dedicated at least 10 percent of their rental units as deeply affordable, at the 30% Area Medium Income (AMI) level, totaling 71 rental units across all three projects.
Similar county investments and affordable housing project recommendations by Community & Economic Development staff, which have utilized ARPA funding, were awarded in May 2022 and November 2021.
The county board today also approved an action to allocate the remainder of its previously committed ARPA funds, $10.5 million, for additional investments in affordable housing infrastructure. This is a part of Ramsey County's initial dedication of $37 million in ARPA funding, to create equitable affordable housing solutions, matched by the city of Saint Paul.
Learn more about Ramsey County's affordable housing commitments, partnerships or past investments