244.2030. - Applicant screening criteria for prospective tenants.
(a) Findings and purpose. As a home rule charter city, Minneapolis has broad authority through its police
powers to enact regulation to further the public health, safety, and general welfare:
(1)
The city has adopted policies that identify support for renters and ending racial
disparities as priorities, including Minneapolis 2040, the Unified Housing Policy,
the Renter-First Policy, and the Strategic and Racial Equity Action Plan.
(2)
The persistent low vacancy rate, increases in rent, and stagnant wages for renters
have made it difficult for renters to access safe, affordable housing in Minneapolis.
(3)
The vacancy rate in Minneapolis has remained below five (5) percent since 2015 and
is even lower for apartment units under one thousand dollars ($1,000.00) in monthly
rent.
(4)
Since 2000, housing costs for renters have increased by seventeen (17) percent, while
renter income has increased by only four (4) percent.
(5)
Renters comprise the majority of households in Minneapolis, growing by nearly fourteen
thousand (14,000) households (a seventeen (17) percent increase) between 2000 and
2017.
(6)
Renters are more likely to be low-income than homeowners and households of color are
more likely to rent than white households.
(7)
Of the more than eighty-nine thousand (89,000) renter households in Minneapolis, nearly
fifty thousand (50,000) earned less than sixty (60) percent of area median income
in 2016.
(8)
Three (3) out of four (4) low income households (earning less than fifty (50) percent
of area median income) in Minneapolis are housing cost-burdened, paying more than
thirty (30) percent of their income for rent.
(9)