We believe fostering development through public-private partnerships can incentivize housing development, ease restrictive zoning and regulations, and increase the supply of quality, affordable housing at all levels of income. Continued investment in infrastructure and public goods is essential to support both affordable and market-rate housing development.
Strict rent control policies as have been enacted in cities like Saint Paul fail to increase the housing supply, and instead make the development of housing more difficult by stymying private investment. Failure to produce sufficient housing has been shown to exacerbate inequality, homelessness, and mental health issues, making it imperative that Minneapolis use research-backed policy to create an adequate housing stock.