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ST. PAUL-The Minnesota Housing Finance Agency board of directors recently approved $13.5 million in funding awards from agency resources toward a total of $18.5 million for affordable rental housing projects, rental assistance and operating subsidies.

Agency resources will fund construction or rehabilitation of multifamily projects containing 1,898 housing units, 1,500 of which are considered affordable, as well as assistance for 340 households with HIV/AIDS and both of the operating subsidies which provide assistance for 17 affordable housing units.

The selections provide capital funding for development and rehabilitation of 27 projects as well as funding for five programs serving persons with HIV/AIDS and operating subsidies for two developments.

The Greater Minnesota Housing Fund, Family Housing Fund and the Metropolitan Council will provide the balance of funds. Of the multifamily projects and programs, 21 are in the Twin Cities and 13 are in outstate Minnesota.

Projects funded include supportive housing for the homeless or near homeless and people with disabilities, chemical dependencies or HIV/AIDS, new construction of workforce housing near jobs and community services, and preservation of existing affordable housing stock.

Many projects leverage funds received from local employers and businesses, foundations, as well as federal and local governments.

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