In December 2021, after months of community outreach and deliberations, the City of Saint Paul announced plans to invest $37.5 million into an initiative to increase the supply of deeply affordable housing in Saint Paul. Utilizing American Rescue Plan Act State and Local Fiscal Recovery Funds, the City established the 30% AMI Deeply Affordable Housing Fund with the purpose of increasing the supply of housing affordable to those at or below 30% of the Area Median Income. This historic investment will greatly expand stable, permanent, affordable housing opportunities for Saint Paul’s lowest-income residents, who are most cost burdened and disproportionately affected by the housing crisis. This funding will be made available through a series of solicitations.
Ramsey County has also dedicated $37 million of ARPA funds for deeply affordable housing. Together with Saint Paul, this collaboration will infuse more than $74 million of federal funding into affordable housing throughout Saint Paul and Ramsey County.