Affordable housing is core to a strong economy and a healthy region. Housing is affordable when a family with a moderate or low income pays no more than 30-40% of its monthly income for housing. At this time there are no City sponsored affordable housing options. The following list is the best resources in trying to find affordable housing in Shoreview.
Housing Choice Vouchers. The Housing Choice Voucher program uses the existing private rental market and provides payments to private landlords on behalf of low- income renters. Participating property owners are guaranteed a stable source of rental income.
Metro HRA administers the largest Housing Choice Voucher program in the state of Minnesota. The program provides housing for over 6,500 households throughout Anoka, Carver, and most of suburban Hennepin and Ramsey Counties.
Families may rent any type of housing in the Metro HRA service area from participating property owners. Eligible households pay 30% to 40% of their incomes for rent, and Metro HRA pays the remainder, within established rent guidelines.
Housing Link is a great resource in assisting to find affordable and subsidized housing opportunities through their subsidized housing search page. HousingLink was established as a result of the 1995 Hollman v Cisneros Consent Decree. The goal was improved housing conditions and greater awareness of housing options in different neighborhoods for families participating in the Section 8 voucher and public housing programs. HousingLink's mission is "to improve people's lives through information expanding their affordable rental choices. They publish the status of subsidized housing waiting lists in the Twin Cities through the Housing Authority Waiting List.
Twin Cities Habitat for Humanity is a non-profit agency that provides homeownership opportunities. Homeowners contribute to the cost of their home through sweat-equity hours and through a no-interest mortgage. Interested households must complete an application and a homebuyers' education class.
Rondo Community Land Trust is a nonprofit, community-based organization operating in suburban Ramsey County that creates and preserves homeownership for low and moderate income households. Rondo provides access to home ownership for those who cannot afford homes that are for sale on the real estate market and prevents existing homeowners from entering into foreclosure by becoming part of the Rondo Community Land Trust.
More information can be found in their brochure:
Rondo Community Land Trust Pamphlet
Their application packet, which includes additional information including the program requirements, can be found here:
Rondo Community Land Trust Homebuyer Application Packet