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Homes for our Neighbors

2024-2030 HOUSING PLAN FOR OLMSTED COUNTY Background: The most recent Olmsted County Maxfield Study found that from 2020-2030, housing demand required 18,000 new housing units. 71% would need to be general-occupancy and 29% age-restricted senior housing.

Project Impact(s): Housing

This project is in Plan Phase.

  • Please scroll the following to view Beam's understanding of the project's strategy, indicators, expected results, and monitored metrics.
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Collaborators, Project Type, Impacts, Related Projects

 

Collaborators 

Lead Organization: ISAIAH

Contact: Olivia Bergen ; Email: TBD ; Phone: TBD

Known/Likely Collaborators: Coalition for Rochester Area Housing ; Family Service Rochester ; ISAIAH ; Olmsted County Housing Redevelopment Authority ; Rochester Area Foundation

Potential Collaborators: Sherman Associates

Related Projects

Age-Friendly Olmsted County (AFOC) Plan ; Coalition for Rochester Area Housing ; Mix Housing Mayo Civic Center Parking Lot ; West Transit Village

Impacts 

Major Impact:  Housing

PlanScape Impacts :

Level 1: Housing

Level 2: Aging, Basic Needs, Diversity and Inclusion

DMC Impacts:

Community Health Impacts:

Type of Project

Planning  

 

 

 

Strategy

Strengthen the Coalition for Rochester Area Housing’s joint commitment to expand county and community-wide housing inventory.

To do this, aim to:
a. Between 2023-2026, add or preserve 1,000 units of housing through the Coalition for Rochester Area Housing. Between 2026-2030, add or preserve an additional 2,000 units for a total of 3,000+.
b. Solicit support from additional private partners in the community.
c. Update the 2020 Maxfield Study to quantify how many units of housing the county has in each category on the housing continuum, and evaluate gaps between supply and demand. Include in the study a review of climate considerations in housing development and where housing should be built.

 

Expected Results

Double the county’s housing inventory from 270 units to 540 by 2026, and double it again to 1,080 units by 2030. This inventory would meet these criteria:

Strengthen the Coalition for Rochester Area Housing’s joint commitment to expand county and community-wide housing inventory.

 

Outcome Indicators

City of Rochester’s role
a. Prioritize a collaborative, possibly mixed use, LOCH project with Olmsted County that leverages city property or existing city projects, like the regional sports complex.
b. Use sales tax extension funding to reduce development costs through fee waivers.
c. Use tax incremental financing (TIF) incentives to facilitate county LOCH projects.

State of Minnesota’s role
a. Support HF 2943, which would create a new fund within the Minnesota Housing Finance Authority (MHFA) for county Housing and Redevelopment Authorities (HRAs) and municipalities to develop and own their own housing.
b. Change Local Government Aid (LGA) formula to benefit Rochester more proportionally and apply this funding toward housing.

 

Metrics
Unknown

 

Key reports on: Homes for our Neighbors

Homes for our Neighbors Community Gathering (June 15, 2024)
Calling for Community Support at Community Meeting:  The most recent Olmsted County Maxfield Study found that from 2020-2030, housing demand required 18,000 new housing units. 71% would need to be general-occupancy and 29% age-restricted senior housing.

 

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Last modified by allnode on 2024/06/17
Created by on 2024/06/15

 

 

 

Site Information
Project Phase Definitions
The following defines the various project phases:
  1. Available - a product, program or service is in production
  2. Develop - program or application is being developed
  3. Plan - idea is solid, stakeholders are identified, and there is strong commitment to go forward from all parties.
  4. Concept Phase - idea scoped out with enough details to give an early sizing and/or to build a proof of concept
    demonstration
  5. Pre-concept Phase - an early idea or a requirement.
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