Section III: City Financial Assistance

• Clarification of the application of the UHP policy to City land sales. This includes the development of both:
  • Rental units
  • For-sale units
• Updates to the Pass-Through Funding waiver requirement.

Section IV: Inclusionary Zoning

• Clarification of Inclusionary Zoning (IZ) affordability standards. This covers student eligible housing rented by the bedroom.
• Extension of the IZ Delayed Phase-in Exemption for Smaller Projects. The change would allow more time for projects of this size to adjust to IZ Requirements given current market conditions.
  Proposed change:
  • From six months after 500 units have been permitted across projects with 20-49 units
  • To 24 months after 500 units have been permitted across projects with 20-49 units

Section V: Community Preference Policy (new addition)

New language adding a Community Preference Policy to serve current and previous Minneapolis community members. The focus would be on anti-displacement of communities that are disproportionality impacted by economic forces, including:

• Black
• Indigenous
• People of Color
• Immigrants
• Low wealth individuals

City programs will decide on a case-by-case basis whether to apply this policy to the program funding requirements.