Comprehensive Investments: Support coordinated, comprehensive investment strategies in people and in communities to enhance livability and economic mobility throughout the city.
THIS POLICY SUPPORTS GOALS:
THIS POLICY RELATES TO TOPICS:
Many Minneapolitans do not have stable housing, which is foundational for success in school, work, and civic life. City investments in buildings, neighborhoods, and systems are important to the creation and retention of housing stability in Minneapolis, but it’s not enough: Because the barriers to stable housing are individual as well as systemic, investment in people is also needed to build capacity for and remove barriers to long-term housing stability.
Investments in people and housing occur within neighborhoods, and these investments are most successful if they operate as part of a comprehensive community development strategy including housing, transportation, schools, parks, and business development. These investments in people and their communities, paired with investments in safety and public health, can help ensure a comprehensive approach to supporting communities throughout Minneapolis.
ACTION STEPS
The City will seek to accomplish the following action steps to support coordinated, comprehensive investment strategies in people and in communities to enhance livability and economic mobility throughout the city.
- Prioritize programs to support long-term housing stability, including but not limited to wealth-building housing models and the reduction of eviction, criminal, and credit report barriers, with a particular focus on communities of color, indigenous communities, low-income renters, and seniors.
- Expand coordination with internal and external partners to identify opportunities and strategies for comprehensive investments.
- Expand coordination within the City enterprise including the Police, Regulatory Services, Health, Public Works, and community organizations to address crime and safety issues.
- Prioritize the use of housing program dollars where coordinated, comprehensive investment is occurring.
- Ensure that housing investments are part of a comprehensive community investment strategy to benefit existing residents and improve opportunity.
- Support local credit unions or financial institutions with a particular focus on empowering communities of color, indigenous communities, low-income renters, and cultural communities.
- Ensure that every part of the city shares in both the opportunities and burdens of urban economic, environmental, and social life.