A 4-bedroom Minneapolis, Minnesota single-family home acquired from an investor portfolio, renovated and for sale to a buyer earning less than 80 percent of area median income through the City of Minneapolis and Land Bank Twin Cities’ Single-Family Investor-Ownership Intervention Pilot Program.
Photo courtesy of Land Bank Twin Cities.
Single-family rental homes (SFRs) are a vital part of the US rental housing market. These homes can offer renters access to neighborhoods where home prices are out of reach and zoning excludes apartment buildings. But as with all rental housing, the owner’s goals and intentions influence affordability and stability for the tenant…