Minneapolis Mayor Jacob Frey has unveiled a pilot program that offers landlords property tax breaks of up to 40 percent if 20 percent of their units are considered affordable for households earning up to 60 percent of the area median income. Applying for "4d status," which is the program that provides the tax break, requires landlords to keep the units affordable for at least 10 years. The pilot will also provide access to free healthy home audits and subsidies for energy efficiency.
Minneapolis Pilot Program Offers Property Tax Breaks in Return for Affordability
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing