The Met Council developed the 2040 Housing Policy Plan to provide leadership and guidance on regional housing needs and challenges, and to support Thrive MSP 2040, the regional development guide. The 2040 Housing Policy Plan was adopted by the Met Council on December 10, 2014.
A regional plan to address housing needs and challenges
The 2040 Housing Policy Plan was created in collaboration with local government partners, housing developers, community organizations, and other stakeholders.
The Housing Policy Plan addresses housing challenges greater than any one city or county can tackle alone. It recognizes that the future’s increasingly complex housing issues demand more innovative strategies and greater collaboration. With both statutory responsibilities and local opportunities, local governments play a key role in translating regional policy and priorities into effective implementation within local housing markets; one size does not fit all.
Advancing the outcomes of Thrive MSP 2040
The strategies in the housing plan advance the five outcomes in Thrive MSP 2040 — stewardship, prosperity, equity, livability, and sustainability. Key priorities include:
- Managing, maintaining, and preserving the existing housing stock.
- Creating or preserving a mix of housing affordability around emerging transit investments to help low-income households reduce the combined costs of housing and transportation.
- Expanding housing options for people in all life stages and of all economic means through a balanced approach. This means both expanding housing choices for low- and moderate-income households in higher-income areas and enhancing the livability of low-income neighborhoods.