WASHINGTON, D.C. — A little bit of Congress is coming to the Twin Cities this weekend.
Rep. Keith Ellison announced today that the House Financial Services Subcommittee on Housing and Community Opportunity, chaired by California Democrat Maxine Waters, will hold a field hearing at noon Saturday in Minneapolis.
The session, titled “The Impact of the Foreclosure Crisis on Public and Affordable Housing in the Twin Cities,” will be held at the Minneapolis Central Library’s Pohlad Hall.
The hearing is to center around the use of federal Neighborhood Stabilization Program grants, which aim to help low- to moderate-income people afford housing. Those funds can be spent in many ways, from fixing up foreclosed houses to homeownership training courses and providing down payment assistance.
Minneapolis received $19.5 million in the most recent NSP grant cycle, while St. Paul was awarded $18 million.