Renter Opportunity to Purchase (OTP) Ordinance development process

Learn about ongoing ordinance development work and submit feedback to City staff on content of the proposed ordinance.

Presentation

View the Renter Opportunity to Purchase (OTP) Ordinance presentation .

A draft version of the ordinance will be added to the website by late November. The included slides describe:

  • Key components of the proposed ordinance
  • Criteria for determining which properties are subject to the ordinance
  • Timeline and process for impacted real estate transactions
  • Ordinance phase-in and implementation timeline
  • Benefits of the ordinance for renters and property owners

Draft Ordinance

The draft version of the ordinance has not yet been approved by policymakers, and is subject to further revision prior to policymaker consideration.

Read the Renter Opportunity to Purchase (OTP) draft ordinance

Note: the draft ordinance was finalized on November 23, 2021. During the ordinance development process, an earlier version of the draft was published several days prior.

Review the changes made on November 23, 2021

Ordinance Development Process

Step 1

City Council Study Session

September 2019

The City Council held a study session to explore the concept of a renter opportunity to purchase policy.

Read about the Renters’ Opportunity to Purchase Housing Study Session

Step 2

Engage key stakeholders and research similar policies nationwide

February – November 2020

The City selected the Coalition for Nonprofit Housing and Economic Development (CNHED) and Local Initiatives Support Corporation (LISC) through a Request for Proposals (RFP) process as a consultant to work on the project. The City’s consultants engaged stakeholders and researched other Opportunity to Purchase policies around the country, with the goal of applying those learnings to Minneapolis. Over 100 organizations engaged in the process through focus groups and individual interviews. Stakeholders engaged included real estate industry groups, realtors, renter advocates, renters, legal organizations, and state/regional government representatives.

Step 3

Opportunity to Purchase Policy Options Presentation and Report

November 2020

LISC and CNHED presented an assessment of Opportunity to Purchase policy options based on 1) feedback from local stakeholders; and 2) an assessment of Opportunity to Purchase policy options in other jurisdictions around the country.

See the Council’s Business, Housing, Inspections and Zoning committee presentation.

A recording of the presentation, as part of the November 17, 2020, Business, Inspections, Housing & Zoning begins around 2:01:00

Watch the meeting

January 2021

View the final report completed in January 2021.

Step 4

Council direction to draft an ordinance

March 2020

The BIHZ committee directed the City Attorney’s Office to work with the Council authors and staff from the Community Planning and Economic Development and Regulatory Services Departments to draft an Opportunity to Purchase ordinance and return it to the BIHZ committee.

Step 5

Ordinance drafting

May 2021 – November 2021

The City retained a consultant, Michelle Basham, Esq., in May 2021 to work with staff in the City Attorney Office (CAO), Community Planning & Economic Development (CPED), and Regulatory Services Departments to draft an Opportunity to Purchase ordinance. The cross departmental process includes a Racial Equity Impact Analysis (REIA) and analysis of all components of the policy to maximize benefits of the policy for renters, for buyers and sellers of real estate, and for all Minneapolis residents and businesses.

Step 6

Stakeholder feedback on the draft ordinance

October 2021 – December 2021

Stakeholder feedback on the draft ordinance is important to the City.

Take the survey by Friday, January 7, 2022

In addition, two public information sessions will be held online via Microsoft Teams Live on the following dates.

Register to attend. Recordings of the events will be available following the event.

  • December 3, 2021
    9:00 a.m. – 10:30 a.m.
  • December 8, 2021
    2:00 p.m. – 3:30 p.m.
Step 7

To be determined. 

Next steps will be determined by Mayor and City Council in 2022.

Contact us

Community Planning & Economic Development (CPED)

Phone

612-673-5095

Address

Public Service Building
505 Fourth Ave. S., Room 320
Minneapolis, MN 55415