Minnesota’s affordable housing providers are facing mounting financial pressure as rising costs for insurance, security, and maintenance outpace stagnant revenues. Despite the state’s $1 billion investment in affordable housing, much of the aid hasn’t yet materialized into new projects, leaving existing property owners struggling to stay afloat. PPL COO Scott Cordes offered insight into why many are caught in a financial squeeze, unable to fill vacancies or collect enough rent to cover expenses—leading to deteriorating building conditions and, in some cases, closures.