Affordable Housing Resources for Property Owners

Rental Property Tax Reduction Program (4d)

  • Tax reductions of approximately 40 percent
  • Must keep 20 percent of more of rental units affordable (for properties with 1 to 4 units, over 50% must be deemed affordable)
  • Qualify for Resilient Homes Grants covering 90 percent of energy-efficiency improvements, up to $50,000.
  • Presentation to learn more.
  •  5-year eligibility for 4d property tax rate, which provides a 40% tax rate reduction on qualifying units. Some properties, such as single family rental homes, have a lower base rate of 1.00, meaning the  reduction in property taxes may be less significant. 
  • Grant to each 4d property, in the amount of $100 per affordable unit, capped at $5,000 per property
  • Payment of first year application fee to the State of Minnesota for Low Income Rental Classification (LIRC) (RTF) (PDF), also known as 4d tax classification ($10/unit) 
  • Resilient Homes Grant funding up to $50,000 (up to 90% project costs) with 10-year 4d tax commitment and eligibility determined by a no-cost energy assessment.

Resources for Apartments With Affordable Units

  1. Guides & Posters
  2. Compliance Forms
  3. Utility Allowance

Housing Improvement Areas