Story of Impact from Minnesota’s Housing Scorecard, Feb. 2020:
Housing Goal Three – Build More Homes
City of Bloomington adopted an innovative housing ordinance that requires new apartment buildings to make nine percent of units affordable to low- and moderate-income households or contribute to an affordable housing trust fund. In exchange, developers receive incentives that help reduce their costs to build. In April 2019, the Federal Reserve Bank of Minneapolis sponsored a conference on inclusionary zoning to share national models with local leaders
