It’s been getting harder for many people to afford and keep a home in Minnesota.
Rents were rising even before inflation hit. And for some people, the cost of an apartment is out of reach entirely. After protections during the pandemic were phased out, Minnesota saw a surge in evictions, averaging more than 700 evictions during one week in July.
Meanwhile, many potential homebuyers are getting priced out of the market by higher interest rates that add hundreds of dollars to monthly mortgage payments.
MPR News host Angela Davis talks with Jennifer Ho, Commissioner of the Minnesota Housing Finance Agency about what’s driving higher housing costs and why she thinks its time for government to “go big” to help more people into homes.
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Plus, MPR News senior economics contributor Chris Farrell brings us the latest financial news.
Jennifer Ho is the commissioner of Minnesota Housing Finance Agency, which provides the state’s housing finance agency.
Use the audio player above to listen to the full conversation.