Minneapolis is Making Progress
Friday, August 11, 2023 at 11:19AM |
Kim Eslinger |
Photo credit: Star Tribune
Excerpts from the August 10th City of Minneapolis e-news:
City of Minneapolis credit rating upgraded
Bond rating agencies S&P Global and Fitch Ratings have assigned the highest credit rating possible to the City of Minneapolis, reflecting strong confidence in the City’s financial health ahead of a bond sale later this month.
“The upgrade to ‘AAA’ from ‘AA+’ reflects Fitch’s belief that the City’s long-term liability burden will remain moderately low over time driven by moderate future borrowing plans, statewide pension reforms and strong trends of population and income growth,” the rating agency noted. “The ratings also incorporate the City’s strong revenue growth prospects driven by an expanding population and income levels, broad independent revenue-raising ability, and solid budgetary management that has resulted in healthy reserves and considerable gap-closing capacity.”
This is the first time since 2016 that the City has gone to market with AAA ratings from both Fitch and S&P Global rating agencies. The City plans to sell $113.85 million in bonds within the next few weeks and these high ratings affirm the City’s creditworthiness and provide confidence to the bond holders. This also allows the City to borrow funds to finance critical capital projects at a lower interest rate and save taxpayer dollars.
The City goes through an extensive review process with the rating agencies where they evaluate factors such as the strength of management, City’s institutional framework, financial policies, financial measures in place, the amount of debt, long-term financial planning, current economic conditions and the amount of reserves the City has to withstand any unexpected revenue loss.
Learn more about the City’s credit ratings.
Stable Homes Stable Schools program expands for housing Minneapolis Public Schools students
Beginning in the fall, about 350 families a year will be served by the Stable Homes Stable Schools Housing Stability Fund. The fund provides emergency assistance to families at risk of losing their home. It will be offered to all 43 elementary schools in the Minneapolis Public School district.
The program’s multi-year rental assistance will also add five schools for a total of 24 eligible school sites. The program helps get families experiencing homelessness into safe and stable affordable housing and will serve about 250 families at any given time as a result. The expansion will also increase the number of participating families at existing school sites and staff to support them.
First piloted in 2019, Stable Homes Stable Schools has helped house or prevent homelessness for more than 1,500 Minneapolis Public Schools families and more than 4,200 students. More than 70% of families served through the program are single-parent households and approximately 90% are Black families, Indigenous families and families of color.
Stable Homes Stable Schools offers two types of rental assistance:
- The multi-year rental assistance program helps place and keep families of elementary students experiencing homelessness in safe, stable, and permanent affordable housing. See the City website for a list of the 24 eligible schools.
- The Housing Stability Fund helps prevent homelessness by helping families at risk of losing their housing. All 43 elementary schools in the Minneapolis Public Schools district are now eligible.
Learn more about Stable Homes Stable Schools program
City leaders approve $5.8M investment in Minneapolis Homes program
Mayor Jacob Frey and the Minneapolis City Council have approved a $5.8 million investment in Minneapolis Homes, an umbrella program with products that help households access and sustain affordable home ownership in Minneapolis.
Minneapolis Homes was created with the vision of eliminating disparities in homeownership so that all families have access to the wealth-building opportunities that homeownership provides.
The investment will allow the City to convert 21 vacant lots or buildings into 40 affordable homes. Through the Council approval, an additional 18 project sites were awarded exclusive development rights with future plans for an additional 47 affordable homes.
Learn more about Minneapolis Homes.
Additionally...
This Star Tribune article, "Twin Cities has one of the lowest inflation rates in U.S., down to 1%"
This Star Tribune article, "Why downtown is the fastest growing neighborhood in Minneapolis"
This Bring Me The News article, "Minneapolis enters Top 20 of 'America's Best Cities' 2023 list"

























































































Jim Conaway was a productive Minnesota artist while teaching painting and drawing at Hamline University. In 1970 Jim was chosen by the U.S. State Department to participate in the American Embassy program where American artists painted their local landscapes to hang in American Embassies around the world. His paintings have been exhibited in museums and galleries across the country including the Walker Art Center, the Weisman Art Museum in Minneapolis. After Jim’s retirement from Hamline in1996, he became a full-time painter in his studio in the Traffic Zone Center for Visual Art where he is a founding member.
Gia Gifford is a painter and metalsmith who works out of her studio in the Casket Arts Building in the Northeast Minneapolis Arts District. Gia holds degrees in studio art and art history, as well as a master’s degree in art education and has taught in a variety of settings over the past fifteen years. Gia’s painterly process employs motion, repetition and rhythm as a form of contemplation. “My layering technique immerses the viewer in the complex shapes and sequences of the painting, producing an experience that is aesthetic, emotional, and therapeutic.”
Ric Rosow is a Minneapolis based photographer who enjoys photographing landscapes, cityscapes, night-time skies, concerts and people. He loves taking photographs of the Minneapolis downtown skyline. His catalogue of photographs includes images from his travels not only in the U.S., but Mexico, Central and South America, South Africa, the Middle East, Asia, Europe and the Antarctica Peninsula. His work has been displayed in local galleries and published in Backroads' travel brochures, Hill Town Tours social media sites and more.
Rita Schaefer-Seaton was born and raised in Germany. Her German education afforded her the pursuit of a corporate career in the U.S. Choosing to develop her visual and creative skills, in the late 1980’s she earned a degree in graphic design. To expand from design to fine art she continued to study painting and life drawing. “My work is influenced by my interests in psychology, the archetypical and science fiction.” Rita’s paintings and drawings have been accepted into juried exhibitions including the Minnesota State Fair.
Robinson Scott has been blowing original glass art for 45 years. Having studied in Sweden he uses many Swedish color layering techniques, combined with his is own variations creating a 3-dimensional viewing experience. He is an award-winning glass blower with pieces available in numerous galleries and part of many corporate collections. “I pursue difference and personal perfection in form and design. I enjoy the challenge of change, ever striving to learn new designs, techniques, and approaches in glass. This is my driving force.”















































