MSPyimby seeks to reduce the cost of living in Minneapolis and St. Paul. We believe the underlying cause is an overall lack of housing, therefore we advocate for all types of housing to be built.
For the last several years, more and more people are moving to Minneapolis and St. Paul. That’s a great thing; a larger population helps contribute to a vibrant city! However, this increase in demand for housing has not been met with an increase in housing supply. As a result, rents are increasing and longtime residents are being displaced from their neighborhoods.
Current housing and zoning policies are overly restrictive, and often prevent smart growth from occurring in our cities. As a result of these policies, an increasing number of people are facing high rents. Between 2010 and 2014, over 39 percent of Minneapolis and St. Paul households were cost-burdened, meaning they spent over 30 percent of their income on rent.
Rising rents are due to the lack of available housing. Developers see these high rents and build luxury units in response. Rent isn’t rising because of luxury units, it’s rising due to the lack of available units overall.
Building more units empowers renters so they can more freely choose where they would like to live. When housing supply is limited, renters often become priced out of certain neighborhoods. Let’s put an end to that and support more housing throughout the metro area!