The Duluth Mayor's Office announces plans for a Housing Trust Fund | www.WDIO.com

The Duluth Mayor's Office announces plans for a Housing Trust Fund

Kenny Johnson
Updated: October 08, 2021 12:49 PM
Created: October 07, 2021 01:54 PM

With it being extremely hard to find housing in Duluth now a days, the Mayor’s office has proposed a Housing Trust Fund to help with this situation. 

$4 million dollars would be contributed by city and LISC would provide another $2 million. Additional funding would be sought out through grants and private and public donations.

The idea came from the Mayor’s Housing Task Force which came together in 2019 in response to the shortage of affordable units. 

WATCH: The full Press Conference
RELATED STORY: The struggle of finding affordable housing in Duluth

The City says trust fund would essentially, “help to increase the affordable housing stock in Duluth, invest in neighborhoods with the intent of having affordable housing in every neighborhood, remove blight, and promote density whenever possible.”

At a press conference Thursday, Mayor Larson said, “My best hope is that people who are struggling with housing security, struggling with affordability, know that we are listening, we are taking it seriously. We are investing more than this community has ever invested into finding not just short time but long term strategies so we can get out of this cycle and we can stay out of that cycle.  

The creation of the Fund will be presented to City Council in the form of an ordinance at the October 11 Council meeting.
 

Credits

Kenny Johnson

Copyright 2021 WDIO-TV LLC, a Hubbard Broadcasting Company. All rights reserved

Races around the corner: final few Beargrease events promote fundraising, volunteer sign ups

Celebrating and reflecting on Dr. Martin Luther King Jr. Day

Final laker arrives, signaling end of the shipping season

More snow for the Northland tonight and Tuesday

Mother recovering after being shot by daughter in St. Louis County

Stauber announces re-election campaign for Minnesota's 8th district