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MinnPost: Federal Reserve report identifies challenges for developers and renters alike in Greater Minnesota

EXCERPT: “Operating costs are creating challenges for apartment owners and developers in Greater Minnesota, where housing needs are especially acute, according to a report by the Federal Reserve Bank of Minneapolis. Insurance costs, interest rates and staffing shortages were identified as three roadblocks for rental housing owners and operators in the region, according to the report, which was ...

Nursing home license type and facility closure

November 2024 By: Kelly Asche, Senior Researcher After the release of our report exploring the declines in nursing facility beds, we received a question wondering if there was any relationship between facilities that closed and the type of license (nonprofit vs. for-profit) they were under. So let’s explore that question. Between 2005 and 2024, there ...

Interconnected: The Future of Nursing Homes & Elder Care Across Minnesota

Download the slide show presentation here. Nearly 17% of Minnesota residents are now over age 65, a significant increase since the year 2000. Further, as older members of the Baby Boomer generation age into their late 70s, the demand for skilled nursing beds will likely increase – yet Minnesota has lost 33% of its skilled ...

Federal Reserve Bank of Minneapolis: In Greater Minnesota, apartment owners’ operating costs rise as small cities “scream for more housing”

EXCERPT: “Insurance, interest rates, and staffing are common challenges for rental housing owners and operators in Greater Minnesota, a region made up of 80 of the state’s 87 counties and home to 45 percent of its population.1 That’s according to conversations with dozens of multifamily property owners there this summer. They told us that while ...

Capacity of Nursing Facilities that Close

November 2024 By Kelly Asche, Senior Researcher Our new report, “The declining capacity of nursing facilities care in rural Minnesota,” documents the shrinking number of nursing facility beds across rural Minnesota. In the report we raise concerns about the vulnerability of rural facilities and the frequency at which they close. In this post, I want ...

The declining capacity of nursing facility care in rural Minnesota

Demand for nursing facility beds is growing while the supply is shrinking November 2024 By Kelly Asche, Senior Researcher Click here for a printable version of this report. All of us are guilty, at one point or another, of taking our health for granted. We lean into the belief that we will always be able ...

Associated Press: How immigration reshaped the look of a Minnesota farm town

EXCERPT: “Immigration from around the world has transformed Worthington, bringing new businesses to emptying downtown storefronts as well as new worship and recreational spaces to this town of 14,000 residents in the southwestern Minnesota farmland. On the same downtown block where children once admired Coast King bikes while their parents bought furniture and do-it-yourself tools, Asian and ...