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The Sleepy Eye Herald Dispatch - Sleepy Eye, MN
  • Housing study to be conducted in Sleepy Eye

  • Matt Mullins, a representative from a Twin Cities-based real estate research company, reviewed a city housing study Wednesday, June 11 with a group of leaders in the real estate market.
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  • Matt Mullins, a representative from a Twin Cities-based real estate research company, reviewed a city housing study Wednesday, June 11 with a group of leaders in the real estate market.
    Mullins explained he will be updating a study done roughly 10 years ago about housing needs in Sleepy Eye.
    The study will involve looking at three things: Sleepy Eye’s current housing situation, future demand and addressing housing needs.
    The housing opportunities in Sleepy Eye, according to those present, are senior housing options, as well as handicap accessible housing. Challenges include single-family rental units.
    I think you do a great job,” Mullins said. “The housing stock is well maintained. I see a sense of pride in home ownership. In most communities you don’t see that and that is a big plus in the local real estate market.”
    Mullins explained the most common complaint he hears when interviewing business owners and employers for the study is that there is a shortage of market rate housing for new employees with amenities that lack what people desire today.
    Market rate, explained Mullins, is housing that is not government subsidized. Naturally occurring affordable housing is a term used in the industry to describe an older home that hasn’t been maintained.
    “In talking with administration from the local schools this past year, they mentioned that when new teachers are hired many of them look for housing outside of this community,” said Kurk Kramer EDA director, adding that single-family rental property is not readily available.
    “The homes that are ideal for families sell quickly and are in shortage,” added City Manager Mark Kober.
    Mullins said one of the key items to determine with this housing study is where the target housing market area is located.
    “Some of the large employers in Sleepy Eye have employees driving a long way to work each day and it has been said it is because we don’t have enough housing here,” Kober noted. “There are employees driving 50 miles to work one way each day.”
    Mullins said his firm will request and study data and interview people regarding past housing studies, building permits, assessor’s databases, housing programs, employers, realtors, builders, housing professionals and other key issues affecting housing.
    Mullins added that the study will be available in the next 45 to 60 days.
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