Proposed Housing Redevelopment Authority (HRA) Levy
Many Ramsey County residents live in poverty and struggle to find or afford stable housing. The current market is not building or preserving enough affordable housing to meet the needs of these residents, including seniors, low-wage workers and others who make less than $25,000 annually. This challenge is anticipated to grow, placing further strain on the housing market and county services for all households.
To help solve these challenges, many local units of government levy for affordable housing through their Housing Redevelopment Authorities. Ramsey County is exploring a property tax levy for its Housing and Redevelopment Authority (HRA) to address the longstanding housing crisis that has intensified due to the COVID-19 pandemic and the resulting economic downturn. Starting in 2022, funds collected would preserve and create affordable housing for Ramsey County residents, providing a long-term resource to address the existing housing crisis. An HRA levy in Ramsey County could raise up to $11.5 million a year to fund affordable housing. The proposed HRA levy would increase annual taxes on a median value residential property by about $45.
Ramsey County is the only county in the Twin Cities metropolitan area that does not have an active levy authority dedicated to affordable housing.