External Resource - Minneapolis Fed Article: How New Apartments Create Opportunities for All
Via the Federal Reserve Bank of Minneapolis:
Market-rate rental construction in Minneapolis has freed up more affordable homes for households across the income spectrum. . . .
Article Highlights:
“Chain of moves” creates vacancies across metropolitan areas
100 new market-rate units lead to 70 new vacancies in lower-income neighborhoods
Increasing the housing supply is a strategy to increase housing affordability