This is the gentrification problem. Make the community more desirable, and you make it increasingly more expensive for the existing residents. It's hard to balance these things.
In the case of Minneapolis, the city committed to a plan (Minneapolis2040) to increase housing density. And a lot of that new apartment/condo construction (mostly on unused or old industrial land) is necessarily out of financial reach for average residents. But the increased supply helps protect the prices for the existing houses and older apartments, whether privately owned or rentals.
It's not perfect, it's arguably not even good, but it's a tradeoff most Minneapolis residents can live with.
In the case of Minneapolis, the city committed to a plan (Minneapolis2040) to increase housing density. And a lot of that new apartment/condo construction (mostly on unused or old industrial land) is necessarily out of financial reach for average residents. But the increased supply helps protect the prices for the existing houses and older apartments, whether privately owned or rentals.
It's not perfect, it's arguably not even good, but it's a tradeoff most Minneapolis residents can live with.