The housing market is seeing growth in both property values and new production. The Met Council forecasts that between 2020 and 2030 the regional net growth means that 37,400 low- and moderate-income households will need new additional affordable housing.2 Meeting this projected need, while simultaneously addressing regional disparities that have resulted in areas of concentrated poverty where at least half the residents are people of color largely clustered in the two central cities and spreading into the inner suburbs will require providing additional
affordable housing in higher-income areas of the region, which also tend to be higher opportunity areas. It will also require providing a greater range of market-rate housing within areas that currently have a disproportionate percentage of low-income housing. These strategies are reinforced in HUD’s Final Rule on Affirmatively Furthering Fair Housing.