Finance
Calls for rent help, financial assistance have spiked during ICE surge in Minnesota
Operation Metro Surge, which sent a record number of immigration agents to Minnesota, may be nearing its end, but nonprofits that receive calls for assistance say there will likely be ripple effects felt for weeks and months to come.
HOME Line, which has a free legal hotline for renters, said January was its busiest month ever for new people reaching out by phone and email with questions.
Compared to the same time period last year, there was a 116% spike in inquiries about financial aid.
“That’s kind of unheard of,” said Eric Hauge, co-executive director of HOME Line, a tenant advocacy organization that has been around for more than three decades. “Even during the first months of the pandemic, we didn’t get those kind of numbers for financial aid questions. So it’s very clear that this is tied to this surge.”
Hauge said the stories callers have shared showcase an economic crisis: People are fearful of leaving their homes, regardless of their immigration status. Others have lost their jobs. The primary income providers of the household have been detained, so their families are falling behind on their bills.
The increase in requests seeking help in January came a month after the year ended with more than 25,000 evictions filed in Minnesota in 2025, which Hauge said is the highest the organization has ever seen.
He explained that evictions “trail harm,” so the volume of calls about financial assistance could indicate a wave of evictions could be coming. Having that on an individual’s record is destabilizing in the near term, as the person loses their housing, but it can also be devastating in the future.
Under state law, there is a 14-day pre-eviction notice required for nonpayment of rent, which delays the impact.
“There was already an eviction crisis to begin with, and this is making that even worse,” Hauge told WCCO News in an interview Friday.
Separately, Greater Twin Cities United Way tracked a similar trend of requests for financial assistance to its 211 helpline. Calls and texts related to housing stability are up more than 103% and rental assistance inquiries increased 235%.
The community needs in response to the ICE surge are already prompting discussions about policy proposals at the Minnesota State Capitol, where the Legislature will begin the 2026 session next week.
Among the DFL lawmakers’ ideas they vow to bring forward are emergency rental assistance and an eviction moratorium. Gov. Tim Walz is proposing $10 million in forgivable loans for small businesses that took a financial hit.
“There is massive economic destabilization happening because of the actions of ICE that’s affecting communities in a very broad way and Minnesotans in a broad way,” DFL Rep. Mike Howard, co-chair of the Minnesota House Housing Finance and Policy committee, said during a news conference on Jan. 21. “Specifically, Minnesotans are facing potential challenges with making rent because of how many businesses are shuttered and families unable to get to work to care for loved ones.”
Any measure will need bipartisan support in a divided Capitol, where Republicans and Democrats share power in a tied House. GOP House Speaker Lisa Demuth said in an interview this week that she thinks a drawdown of the number of federal agents in the state would “take the legislative pressure off” of the Legislature responding.
Hauge noted that there have been many grassroots mutual aid efforts to get food to families and assist with paying for their rent, in addition to nonprofit groups working to plug those gaps. But he argues government intervention is necessary given the scope of the impact.
“Some of that is working, but it does not replace the role that the government has in an emergency, in a crisis — which we are in,” he said.
Finance
New Funding Models Needed As Global Health Faces Growing Financial Strain – Health Policy Watch
Global health is facing a funding crisis. Aid is shrinking, debt is rising, and the needs are only increasing. According to Christoph Benn of the Joep Lange Institute and Patrik Silborn of UNICEF Afghanistan, health systems will need to fundamentally rethink how they finance and sustain care.
On a recent episode of the Global Health Matters podcast, host Gary Aslanyan was joined by these two experts, who said “innovative finance” has become central to discussions on sustaining health systems.
Benn said that while the term is widely used, few agree on what it actually means. He described it as a “spectrum” of approaches, ranging from philanthropic grants and conditional funding to private-sector investment models that expect financial returns.
“It has frustrated us deeply that so many people are talking about innovative finance, but very few actually know what they’re talking about,” Benn said.
Silborn emphasised that these mechanisms should not be treated as one-size-fits-all solutions. Instead, financing models must be designed around specific problems whether that means raising new funds, improving efficiency, or linking payments to measurable outcomes.
Drawing on his experience in Rwanda, Silborn described how a results-based funding model tied disbursements directly to performance, helping the country to maintain progress against major diseases despite reduced funding.
Both experts stressed that private-sector engagement requires a clear understanding of incentives.
“Private corporations are not charities,” Benn said. They can, however, contribute through marketing partnerships, technical expertise, or investment models that align financial returns with social outcomes.
Looking ahead, Benn pointed to targeted taxes and debt swaps as among the most scalable tools. Still, both warned that innovative finance is not a substitute for public responsibility.
“It only works when it is designed to solve real problems in specific contexts,” Benn said, underscoring that strong systems and governance remain essential to any lasting solution.
Listen to the full episode >>
Read more about Global Health Matters podcasts on Health Policy Watch >>
Image Credits: Global Health Matters podcast.
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Finance
Coalition urges lawmakers to advance South Carolina Financial Freedom Act
COLUMBIA, S.C. (WCIV) — Dozens of local elected officials from across South Carolina are urging state lawmakers to pass legislation that would allow cities, counties and school districts to deposit taxpayer funds in the financial institution of their choice, including qualified credit unions.
The Palmetto Public Deposits Coalition, formed by more than 40 mayors, county council members and municipal leaders have signed a joint letter calling on the General Assembly to advance the South Carolina Financial Freedom Act, a bill that, if signed, would lift long-standing restrictions that require public entities to deposit funds exclusively in commercial banks, even though state law already allows credit unions to accept public deposits.
The coalition argues the current system limits competition and prevents local governments from seeking potentially better rates, lower fees and more responsive service.
READ MORE | Lowcountry residents feel squeeze as inflation rises 25% over five years
“Local governments should have the same financial freedom that families and businesses have — the ability to choose the financial institution that best meets their needs,” Rick Osborn, chairman of the Palmetto Public Deposits Coalition, explained. “This commonsense reform will introduce healthy competition, help stretch taxpayer dollars further, and strengthen partnerships with community-focused financial institutions that are deeply invested in South Carolina.”
The efforts also won support from the South Carolina Association of Counties and the Municipal Association of South Carolina, whose boards have formally endorsed expanding deposit options. Their backing signals broad agreement among local government officials that the law should be modernized.
In their letter to lawmakers, the coalition argued that permitting credit unions to hold public deposits would restore financial choice and improve outcomes for residents.
“This legislation is about giving local leaders more tools to serve residents effectively and make responsible financial decisions,” said Goose Creek Mayor Greg Habib, one of the signatories.
READ MORE | Treasury to hold conferences on AI regulation reductions for banks
The Financial Freedom Act would allow, but not require, public entities to deposit funds in qualified credit unions. Coalition members said the bill is not designed to favor one type of institution over another, but to encourage competition in a market currently limited to commercial banks, many of which operate outside the state.
The Palmetto Public Deposits Coalition said it will continue working with local leaders, state associations and lawmakers as the legislation moves through the current session.
Finance
FTSE 100 LIVE: Stocks muted as Trump delays strikes on Iran power plants
The FTSE 100 (^FTSE) was hovering around the flatline on Friday, while European stocks headed lower, as traders shrugged off Donald Trump’s latest pause on striking Iran’s energy infrastructure.
On Thursday night, the US president extended the deadline for Iran to open the strait of Hormuz by 10 days, meaning the new date would be 6 April. He claimed that talks were “going very well”. However, Iran denied it was “begging to make a deal”, despite Trump’s earlier claims.
It comes after Wall Street posted its biggest daily loss since the Iran war began on Thursday.
The Wall Street Journal also reported on Thursday that the US was considering sending as many as 10,000 additional troops to the Middle East.
Tony Sycamore, market analyst at IG, said Trump has extended the uncertainty gripping markets.
“While the rhetoric around de-escalation and dialogue is certainly preferable to outright conflict, the market appears to be growing increasingly numb to President Trump’s verbal reassurances. By extending the deadline, it effectively kicks the can down the road, pushing back any concrete resolution regarding the reopening of the Strait of Hormuz. This, in turn, simply extends the uncertainty weighing on markets and the broader global economy.”
Elsewhere, UK retail sales dipped by 0.4% in February, following a rise of 2.0% in January, the Office for National Statistics revealed. In the December to February quarter, sales volumes were up 0.7% compared with the previous three months.
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London’s benchmark index (^FTSE) was hovering around the flatline in early trade
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Germany’s DAX (^GDAXI) dipped 0.5% and the CAC (^FCHI) in Paris headed 0.2% into the red
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The pan-European STOXX 600 (^STOXX) was down 0.3%
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Wall Street is set for a muted start as S&P 500 futures (ES=F), Dow futures (YM=F) and Nasdaq futures (NQ=F) were all lacklustre.
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The pound was 0.1% down against the US dollar (GBPUSD=X) at 1.3311
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