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From the record · 7 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, 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, August 17, 2026 · from the brief
Update to the Inclusionary Housing Policy. The EDA considered updates to the City's Inclusionary Housing Policy, which requires 10-20% affordable units in housing projects receiving City, HRA, or EDA financial…
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…