City of Minneapolis 4d Affordable Housing Incentive Program
Minneapolis is experiencing an affordable housing crisis. Already burdened low and moderate income tenants are increasingly paying more than 30% of their income on rent and utilities. At the same time, many rental property owners are faced with increased operating and maintenance costs as well as market opportunities to increase rents.
The City offers a robust package of incentives for rental property owners to reduce property tax liability, improve energy efficiency and, if present, address conditions of aging buildings. The primary goal of the program is to preserve affordability, reduce energy use and enhance healthy homes to support tenants and strengthen the bottom line for property owners. A secondary goal is to support market rate new construction development projects, including those that exceed the City’s minimum affordability requirements under the inclusionary zoning ordinance and unified housing policy.
For more information, please review the 4d Program Guidelines below and/or visit www.minneapolismn.gov/4d for additional program details.
The City offers a robust package of incentives for rental property owners to reduce property tax liability, improve energy efficiency and, if present, address conditions of aging buildings. The primary goal of the program is to preserve affordability, reduce energy use and enhance healthy homes to support tenants and strengthen the bottom line for property owners. A secondary goal is to support market rate new construction development projects, including those that exceed the City’s minimum affordability requirements under the inclusionary zoning ordinance and unified housing policy.
For more information, please review the 4d Program Guidelines below and/or visit www.minneapolismn.gov/4d for additional program details.
| 4D Program Guidelines October 2020 |