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Work Session — Tuesday, April 8, 2025 · from the brief
Policy Proposal: 4d Affordable Housing Tax Classification Criteria. Mayor Supple proposed developing clear eligibility criteria for the state's 4d affordable housing tax classification, which shifts property tax burden…
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 · Monday, July 20, 2026
reshold (0.46% of Richfield's tax capacity qualifies for 4d (1)). • Owners may also qualify for 4d (1) if a city provides financial assistance in exchange for a commitment to affordability (at least 20% of units at 60%…
City Council · Tuesday, June 9, 2026
ly be considered when other financing tools have been exhausted, housing priorities are being met, and it makes financial sense for the City. RECOMMENDED ACTION By Motion: Adopt a resolution approving a policy governing…
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…
Work Session · Monday, April 20, 2026
tential policy. EXECUTIVE SUMMARY At a work session on February 17, 2026, the City Council and Housing and Redevelopment Authority (HRA) members discussed the 4d(1) tax classification, which provides a reduced tax…