The City is seeking input on the Renter Opportunity to Purchase (OTP) Ordinance development process.

Learn about the Renter Opportunity to Purchase (OTP) Ordinance development process.

Public information sessions

Sessions will be held online via Microsoft Teams Live on:

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

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

The City of Minneapolis is seeking input on the 2021 Special Legislation Fund Tax Increment Spending Plan (the “Plan”).

The Plan has been prepared to authorize spending of unobligated tax increment revenues per legislation adopted in the 2021 legislative session.  The new law provides temporary flexibility in the use of tax increment funds. This flexibility applies to tax increment district fund balances that are not currently obligated for the repayment of outstanding debt or other budgeted expenses.  The temporary flexibility provided by this 2021 special legislation has limits, including specific requirements for spending the affected tax increment funds. Eligible expenditures include loans, equity investments, or other assistance to private development that creates or retains jobs, commences before December 31, 2025 and would not have commenced before that date but for the assistance.  This legislation is found in Minnesota Statutes, section 469.176, subdivision 4n., and requires that any use of funds enabled by the 2021 special legislation must include “creating a written spending plan that… details the use of the transferred increment.”

Submit your comments by noon on Monday, November 8, 2021 via e-mail to Matthew Hendricks, Senior Development Finance Analyst, Department of Development Finance. If you or your group would like to meet to discuss the Plan, or if you have questions, please contact Matthew Hendricks.

2021 Special Legislation Fund Tax Increment Spending Plan

It is expected that the Plan will be considered at the following meetings of the Minneapolis City Council and its committees:

Business, Inspections, Housing & Zoning Committee
(A public hearing will be conducted at this meeting)
Tuesday, November 9, 2021 at 1:30 p.m.

City Council
Friday, November 19, 2021 at 9:30 a.m.

All meetings will be held in Minneapolis City Hall, 350 S. Fifth Street, Room 317.

During the declared local public health emergency, Minneapolis has transitioned to an electronic format for its public meetings and hearings, authorized under Minn. Stat. Section 13D.021, to minimize the risk of exposure to or potential spread of COVID-19. If you wish to participate by phone during the public hearing portion of the meeting, please register by submitting the online form found under the “participate by phone in the meeting” heading available at: minneapolismn.gov/meetings. If you need an accommodation to fully participate, or if you need this document in a different format, please call 311 or 612-673-2157 (TTY).

The City is seeking public comment on updates to the Naturally Occurring Affordable Housing (NOAH) Preservation Fund Program Guidelines.

• Proposed changes to the NOAH Preservation Fund Guidelines
• Proposed new version of NOAH Preservation Fund Guidelines

Submit written comments by Monday, November 22, 2021, via email to Dean Porter-Nelson.

The City invites community members to provide feedback about proposed changes to our home improvement lending products.

Home Improvement Program Guidelines (HIP)

Submit comments to Owner Occupied Rehab with the subject line "Home Improvement Feedback" by Friday, November 12, 2021.

The changes to our funding products are part of a broader shift in how we process owner occupied rehabilitation loans. To learn more visit our home improvement engagement website, which includes a video and survey about the broader procedural changes proposed.

Key changes include:

• Improving our capacity through neighborhood-based intake centers
• Increase funding available to homeowners below 80% AMI (area median income)
• Streamline our lending process

The TIF Plan has been prepared to help finance the construction of a six-story apartment building containing 142 units of affordable housing at the intersection of 5th Street SE and Malcolm Avenue SE in Southeast Minneapolis.  The project will consist of 142 affordable apartments with 28 affordable at or below 50% AMI, 67 apartments affordable at 60% AMI and 47 apartments affordable at 80% AMI.  It  will include a mix of studios, 1- and 2-bedroom apartments. 

The Plan establishes a new housing TIF district to help finance various public project costs and includes a budget for the use of tax increment revenue generated by the new TIF district. 

Please submit your comments by noon on Monday, October 11, 2021 via e-mail to Jamie Radel, Senior Project Coordinator, Department of Community Planning and Economic Development. If you or your group would like to meet to discuss the Plan, or if you have questions, please contact Jamie Radel.

Malcolm Yards Housing Tax Increment Financing Plan

It is expected that the Plan will be considered at the following meetings of the Minneapolis City Council and its committees:

Business, Inspections, Housing & Zoning Committee
(A public hearing will be conducted at this meeting)
Tuesday, October 12, 2021 at 1:30 p.m.

City Council
Friday, October 22, 2021 at 9:30 a.m. 

All meetings will be held in Minneapolis City Hall, 350 S. Fifth Street, Room 317.

During the declared local public health emergency, Minneapolis has transitioned to an electronic format for its public meetings and hearings, authorized under Minn. Stat. Section 13D.021, to minimize the risk of exposure to or potential spread of COVID-19. If you wish to participate by phone during the public hearing portion of the meeting, please register by submitting the online form found under the “participate by phone in the meeting” heading available at: minneapolismn.gov/meetings. If you need an accommodation to fully participate, or if you need this document in a different format, please call 311 or 612-673-2157 (TTY).