According to this article in the Star Tribune, the governor elect has chosen Susan Haigh of St. Paul, a former Ramsey County commissioner and head of Twin Cities Habitat for Humanity, to lead the MetCouncil beginning in 2011.
From the article:
Haigh, of St. Paul, served 10 years as a Ramsey County commissioner, supporting the creation of a fund to promote construction of affordable rental housing. She left that position in 2005 to take over Twin Cities Habitat for Humanity, which helps build homes for low-income families.
In appointing Haigh, Dayton signaled that housing would be a high priority for the council, which has given its greatest emphasis in recent years to building regional transit but also has responsibility for planning low and moderate income housing, parks and wastewater treatment.
While Haigh’s background is one of noble heritage, one has to wonder just how useful the MetCouncil will be with the economy and housing market the way they currently are. According to those with more knowledge of the market than a governor-elect and his political appointee, the market probably has not yet hit bottom and it’s likely that even more foreclosures are on the horizon besting even the rise seen in mid-2010 locally.
Following research done on Dakota County’s Real Estate Inquiry pages and Zillow it is clear that there are plenty of affordable houses all over the South Metro especially in the high density housing which was heavily pushed by the MetCouncil in the years leading up to the housing market crash. According to Dakota County my house has lost nearly $16,000 in value between 2009 and 2010 and Zillow is now pegging my valuation at about $124,000 ($6,000 less than the county). With similar homes in my neighborhood currently on the market for under $100,000 and several under $80,000 some may seriously question the direction the MetCouncil seems to be pointed.
What do you think about Dayton’s appointment of Haigh to the head of the MetCouncil? Are you surprised at the new direction the group will be headed? Do you believe we need more affordable housing in the Twin Cities? How about your own home’s value. Has it gone down more or less than you expected and with the valuation provided by Zillow are you concerned that if the market slides any further that you may be upside down on your mortgage even if you have serious equity invested? Whatever you have to say about Dayton’s appointment of Haigh to the MetCouncil go ahead and comment on as I’d love to hear your thoughts.