Minneapolis 4d Affordable Housing Incentive Program for Rental Housing Owners

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Minneapolis 4d Affordable Housing Incentive Program for Rental Housing Owners

The City of Minneapolis 4d Affordable Housing Incentive Program is accepting applications through February 12, 2019.

The program was created in 2018 to help preserve naturally occurring affordable housing (NOAH). Owners of rental housing who enroll apartments in the program receive a 40% reduction in property taxes in exchange for making a 10-year commitment to keeping rents affordable.

Detailed information about the program, and a link to the application, is available on the City of Minneapolis website.

FHFund has compiled a list of FAQs based on real questions from interested potential participants.[1]

Click here to read about the experience of a participant in the program.

[1] While the information in this document is intended to be as accurate as possible, the City of Minneapolis and the State of Minnesota are ultimately responsible for interpreting program rules and relevant legislation.

January 19th, 2019|Data, Fact Sheet, Report|