Housing & Redevelopment Authority — Monday, July 20, 2026

Items on the record

1. Item 5aApprovedPassed 5-0

   Approval of May 18, 2026 HRA Meeting Minutes

   The HRA approved the minutes from its May 18, 2026 regular meeting, formally recording actions taken that night including the McNamara Contracting license agreement for 7700 Pillsbury Avenue South and the Bring It Home/Schools to Housing MOU with Hennepin County.

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2. Item 11aApprovedPassed 5-0

   Adoption of 4d(1) Tax Classification Policy for Affordable Housing

   The HRA ratified a policy governing use of the state 4d(1) property tax classification, which cuts the tax rate on qualifying affordable rental properties from 1.25% to 0.25%. The policy treats 4d(1) as a 'tool of last resort,' prioritizing preservation of existing naturally occurring affordable housing (buildings of 40+ units undergoing at least $20,000/unit in rehab) over new construction, and only after other funding sources are exhausted. Current 4d(1) properties already reduce the city's tax capacity by $445,456 for Payable 2026 (0.46% of total capacity), a cost that shifts onto other taxpayers; the City Council approved the same policy June 9, and Council retains final approval authority over any project.

   Item history

   • Apr 8, 2025 · Work Session · Under Review →
   • Feb 17, 2026 · Housing & Redevelopment Authority · Under Review →
   • Apr 20, 2026 · Work Session · Under Review →
   • Jun 9, 2026 · City Council · Approved →▶
   • Jul 20, 2026 · Housing & Redevelopment Authority · This item
   • Jul 20, 2026 · Economic Development Authority · Approved →

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