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From the record · 8 matches
City Council — Tuesday, June 9, 2026 · from the brief
Policy for Use of 4d(1) Tax Classification for Affordable Housing. The Council adopted Resolution 12428 approving a policy governing use of the 4d(1) tax classification, directing it be used only as a last resort after…
Housing & Redevelopment Authority — Monday, August 17, 2026 · from the brief
Approval of Minutes of the July 20, 2026 HRA Meeting. The HRA considered approval of the minutes from its July 20, 2026 regular meeting, which had included adoption of the 4d(1) affordable housing tax classification…
Housing & Redevelopment Authority — Monday, July 20, 2026 · from the brief
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…
Economic Development Authority — Monday, September 21, 2026 · from the brief
Update to the Inclusionary Housing Policy. The EDA will continue considering proposed changes to Richfield's Inclusionary Housing Policy, including raising the minimum project size that triggers affordability…
City Council · Tuesday, June 9, 2026
ON APPROVING THE ADOPTION OF A 4d (1) TAX CLASSIFICATION POLICY WHEREAS, Minnesota Statutes, section 273.128, establishes the 4d (1) tax classification (“4d (1)”), which provides a reduced property tax class rate of…
Housing & Redevelopment Authority · Monday, August 17, 2026
opted a 4d (1) tax classification policy (4d Policy) following several work sessions where affordable housing priorities were considered. In light of those discussions and the resulting 4d Policy, staff undertook a…
Housing & Redevelopment Authority · Tuesday, February 17, 2026
2 of 23 -- 2 of 23 -- groups. POLICIES (RESOLUTIONS, ORDINANCES, REGULATIONS, STATUTES, ETC.) More detailed information on the 4d(1) tax classification is provided in Attachment A. CRITICAL TIMING ISSUES A second work…
Housing & Redevelopment Authority · Monday, July 20, 2026
classification provides a reduction in the tax classification for the Property from 1.25% to 0.25% resulting in substantial cost savings to the Property, which can help facilitate new construction as well as encourage…