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FAQs: Saint Paul 4d Affordable Housing Incentive Program for Rental Housing Owners

The new City of Saint Paul 4d Affordable Housing Incentive Program is accepting applications through March 8, 2019.

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 Saint Paul 4d program, and a link to the application, is available on the City of Saint Paul website.

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

Municipalities throughout the Twin Cities are adopting 4d Affordable Housing Incentive Programs to help preserve naturally occurring affordable housing:

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

Click here to see Edina’s program guidelines for the Property Tax Reduction and Grant Program pilot; applications in Edina are accepted through March 14, 2019.

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

February 28th, 2019|Fact Sheet, FHFund News, Report|

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|

Working doesn’t always pay for a home

By many measures, the Minneapolis-Saint Paul region is a great place to live. The quality of life is high, including ample green space and a vibrant arts scene; it is affordable relative to other cities; and there is a strong job market. Yet, many full time workers cannot find a home that is affordable to them.

Read the report here.

November 8th, 2018|Fact Sheet, Report|

Qualified Rental Housing Administrators and Receivers

In March 2018, the Family Housing Fund published a Request for Qualifications (RFQ) to identify qualified firms to act as Court-appointed administrator or receiver within the context of certain legal actions to protect and preserve low-cost rental housing and the occupancy by residents thereof in the Twin Cities metropolitan region. Through a review of applications and interviews with finalist applicants, an evaluation team identified Twin Cities firms who meet the Minimum Qualifications to perform the required Scope of Services (find full details in the link below). This list may serve as a resource for the Courts, local governments, and other housing stakeholders in the Twin Cities region. Inclusion on the list in no way implies an endorsement of any firm.

What’s inside the document:

  • List of 6 qualified firms summarizing expertise and contact information.
  • Review Process and Evaluation Team
  • Scope of Services required by the RFQ process
  • Minimum Qualifications required by the RFQ process
  • Future Opportunities to Apply
  • Family Housing Fund mission