Last February, members of the home building industry joined together with members of the Minnesota REALTORS creating a force 600 strong advocating for homeownership during the first-ever Housing Day at the Capitol. The monumental event marked the start of an exciting partnership as both groups joined together to share with lawmakers their collective support of the Minnesota Homeownership Initiative, a package of legislative proposals that promote homeownership.
“Homeownership strengthens our communities and helps build safe and secure neighborhoods,” said Christopher Galler, CEO, Minnesota REALTORS. “It’s important we share that message with our lawmakers.”
Attendees took part in a total of 171 meetings with legislators, reaching 85 percent of the Minnesota legislature. It gave attendees a chance to share their personal stories with their lawmakers about the challenges facing the housing industry.
“A recent survey showed that 84 percent of Twin Cities’ residents believe that owning a home is central to the American Dream, and yet homeownership in Minnesota is at a 50-year low,” said David Siegel, executive director, Housing First Minnesota. “It’s clear we need to be doing more to support and encourage homeownership.”
Homeownership is the backbone of safe neighborhoods, healthy schools, a consistent labor force and strong communities. In a recovering housing market in the wake of the worst recession in 70 years, a variety of strategies are needed to help families purchase their dream home.