Snelling Yards II Tax Increment Financing Plan
We are seeking input on the Snelling Yards II Tax Increment Financing Plan.
Overview
The Snelling Yards II Tax Increment Financing (TIF) Plan will help pay for a new apartment building. The building will include 95 affordable housing units. Of these, 66 apartments will be for people earning 50% or less of the area’s median income (AMI).
The project is located at 44th Street East, between Hiawatha and Snelling Avenue in South Minneapolis.
This plan creates a new housing TIF district to help cover the costs of building the apartments. It also includes a budget for how tax money from the district will be used to support the project.
Read about Tax Increment Financing
What to know
Comments are due by April 21.
Read the draft document
You can view the Snelling Yards II TIF Plan Draft for Public Review.
Timeline
Comment deadline
Monday, April 21, 2025
The deadline to submit comments is Monday, April 21, 2025, at 12 noon.
BIHZ Committee
Tuesday, Apr. 22, 2025
We will consider changes at a Minneapolis City Council Business, Inspections, Housing & Zoning (BIHZ) Committee meeting. We will hold a public hearing at this meeting.
- The meeting will be held on Tuesday, Apr. 22, 2025, at 1:30 p.m.
- The meeting location is Minneapolis City Hall, City Council Chamber, 250 S. 4th Street, Room 300.
City Council
Thursday, May 1, 2025
We will consider changes at a Minneapolis City Council meeting.
- The meeting will be held on Thursday, May 1, 2025, at 9:30 a.m.
- The meeting location is Minneapolis City Hall, City Council Chamber, 250 S. 4th Street, Room 300.
Contact us
Tiffany Glasper
Community Planning & Economic Development
Phone
Address
Public Service Building
505 Fourth Ave. S., Room 320
Minneapolis, MN 55415
Community Planning & Economic Development (CPED)
Phone
Address
Public Service Building
505 Fourth Ave. S., Room 320
Minneapolis, MN 55415