Rent Cap Opponents Raise $ 4 Million to Fight St. Paul and Minneapolis Voting Initiatives – Twin Cities

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If you feel like you’ve received back-to-back letters from opponents of a Saint-Paul ballot initiative that would cap residential rent increases, you can’t imagine. Fueled by real estate developers, building owners and real estate agents, the opposition has overtaken “rent stabilization” supporters about seven times as much.

That’s almost $ 4 million in fundraising for the Sensible Housing Ballot Committee, compared to about $ 213,000 for the Keep St. Paul Home campaign and $ 350,000 for the Home to Stay Minneapolis campaign, according to fundraising reports from the campaign filed until mid-October.

For the Sensible Housing Ballot Committee, the $ 4 million will support campaigning activities in St. Paul and Minneapolis, where a Nov. 2 ballot question will ask voters whether they will allow Minneapolis City Council to develop policy on city ​​wide on rent limits. In St. Paul, the ballot will determine whether to impose a 3% cap on annual rent increases.

Significant funding for the Sensible Housing group – which is chaired by the president of the Minnesota Multi Housing Association, which represents owners and managers of multi-family buildings – has come from donors such as Dominium Development, Real Estate Equities and At Home Apartments. . The St. Paul Area Association of Realtors donated $ 125,000. Weidner Property Management of Kirkland, Wa., Donated $ 250,000. The National Association of Realtors in Washington, DC led the estate with a contribution of $ 750,000.

To convince voters to support rent stabilization, Keep St. Paul Home received over $ 100,000 from TakeAction Minnesota and its Housing Equity Now St. Paul coalition. Other donors include progressive and faith-based organizations such as Faith in Minnesota, Beacon Interfaith Housing Collaborative, Jewish Community Action, the SEIU Minnesota State Council Political Fund, and the West Side Community Organization.

MAYOR’S RACE

The St. Paul’s mayoral race also attracted its share of campaign contributions, but not equally.

St. Paul’s mayor Melvin Carter’s re-election campaign started the year with a balance of $ 81,000, according to a January 25 campaign fundraising report. He had raised an additional $ 213,000 by October 14, leaving him with a campaign account balance of $ 60,000.

The mayor, who is running for a second four-year term, drew lots for seven candidates in the ranking election. Paul Langenfeld largely self-funded his campaign, which brought in $ 92,000 in contributions from Langenfeld and about 10 other donors. Dino Guerin raised $ 15,000 in his campaign fundraising report on October 18. Bill Hosko and Dora Jones-Robinson each said they raised around $ 3,500.

Campaign finance reports filed by political committees and candidate campaigns are available online through Ramsey County at tinyurl.com/RamCoFinance2021.


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