Housing and Redevelopment Authority March 13, 2025

Wednesday, March 12, 2025

Housing production and affordability trends

Analysis of Edina housing statistics and demographics

Review of current city housing inventory and resident needs

Impact of state legislative proposals on housing policies

Affordability metrics and area median income definitions

Housing cost burden among renters and homeowners

Missing middle housing stock analysis

Teardown and residential redevelopment impact on housing affordability

Areas of Interest (6)

Edina faces a widening housing affordability gap as home values shift from mid-tier to million-dollar-plus properties.
City data reveals that 57% of four-person households in Edina cannot afford a median-priced home.
The surge in 'teardown and rebuild' activity is replacing entry-level housing stock with luxury developments.
Housing costs in Edina are significantly outpacing local income growth, challenging retention of workforce and seniors.
Nearly 80% of Black households in Edina are renters, marking a significant racial disparity in local homeownership.
Growing senior population faces housing insecurity with 65% of regional seniors classified as housing cost-burdened.

Notable Quotes (4)

In order to count towards Met Council goals [for home ownership], it is 80% of area median income.
— Stephanie Hackinson

Affordability DefinitionsDefining affordability metrics during the presentation.

Edina skews older in terms of occupied housing compared to Hennepin County as a whole.
— Marissa

DemographicsExplaining demographic trends in the city.

A lot of jobs that offers people have to live elsewhere to work here; that the housing here costs exceed what the workers that work here can pay.
— Addison

Workforce HousingDiscussing the disconnect between local workforce income and housing costs.

The calls I get are from seniors and they are looking where they have to leave the city to try to find affordable housing options.
— Commissioner Hland

Senior HousingCommenting on the senior housing crisis.

People (5)

Stephanie HackinsonStaff/Presenter

Leading the housing demographics presentation series.

MarissaStaff

Presenting demographic and housing survey data.

AddisonStaff

Providing data on commuting and workforce housing affordability.

Commissioner HlandChair

Chairing the work session and guiding the discussion.

Commissioner PierceCommissioner

Inquiring about housing trends and data methodology.

Places Mentioned

EdinaHennepin CountyMinneapolisEden PrairieMinnetonkaWoodburyPrior LakePlymouthMaple Grove

Events & Meetings (1)

March 13, 2025 - 7:34 AM - Work Session

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