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PolicyLink presents national housing trends to St. Paul HRA; commissioners discuss tenant protections and financing
Summary
PolicyLink analyst Tran Huang reviewed national development and policy trends — falling multifamily starts, tenant-protection laws, and local government production strategies — and HRA commissioners discussed evaluation priorities, enforcement and financing tools such as revolving loan funds.
PolicyLink presented national housing development and policy trends to the St. Paul City Housing and Redevelopment Authority, outlining recent declines in multifamily starts, the rise of tenant-protection laws and a growing role for local governments in directly financing affordable housing.
Tran Huang, a housing policy analyst at PolicyLink, told commissioners the Joint Center for Housing Studies and other industry reports show multifamily construction fell in 2023 and that developers face higher interest rates, supply-chain and labor constraints. “Multifamily starts fell 14% to just under half a million units in…
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