Applications for City owned development sites and vacant structures are due on Monday, March 13, 2023 at 1 p.m. 

Join the question and answer session on Wednesday, February 15, 2023 at 5:30 p.m.

Property opportunities and help

Minneapolis Homes seeks to create and sustain housing in the city. To do this, we provide the following for homebuyers, homeowners and developers:

• Property opportunities
  • City property available for purchase
    • 1-3 unit property list
    • 4-20 unit property list
• Financing
• Education

Vacant Structure Open House Inspections

Attending the open house inspection is mandatory to submit an offer to purchase a property. All attendees must electronically submit a separate signed liability waiver for each property address including the scheduled date and time you wish to attend listed below. Up to three (3) persons may attend per development team. A confirmation email will be sent upon receipt of the liability waiver(s).

See Liability Waiver

* Open house is tentatively scheduled for these dates. Contact Matthew Ramadan for questions

Resources

• Program Manual
  Explains the process for purchasing a vacant structure from the City
• Required Scope
  Explains rehabilitation standards for all homes
• Application Walkthrough
  Minneapolis Homes staff lead a walkthrough of the application materials for purchasing City owned property and applying for financing through Minneapolis Homes for ownership housing developments.

How to submit an offer

Complete the Application and Offer to Purchase for the appropriate type of development

• Application
• Offer to Purchase
  • 1-3 unit offer to purchase
  • 4-20 unit offer to purchase
  • Rehab Structure offer to purchase
• Proforma (Homeownership Proposals)
• Cashflow (Rental Proposals)
• MHFA Rent Limits
• MHFA Income Limits
• Construction plans – floor plans/elevations/proposed lot layout 
• BPO or Appraisal - Broker's price opinion that supports the sales price/completed project’s value 
• Documentation of financing: 
  • Pre-approval letter from lender on letterhead, dated within 90 days 
  • Bank statements within 30 days 
  • Pending listing with amount of net sale proceeds expected 

After you submit an offer

We have an approximately 90-day review and approval process led by:

• Residential and Real Estate Development staff
• The Minneapolis City Council
• The neighborhood organization where the project will be located

Sample offer

Our sample offer to purchase:

• Can help you as you fill out the offer documents
• Shows a rehabilitation proposal from residents who plan to live in the property as their primary home

View example offer

Additional resources

We encourage applicants to research properties thoroughly. Here are resources that can help:

• Property Info
  Search for a property's building, zoning, sales, inspections, tax, assessment and license history.
• Planning & Zoning
  See allowable uses for zoning designations under Primary Zoning Districts.
• Topographic maps
  Find sites with topography suitable for development of accessible or visitable housing.
• Drafters available for scope writing
  See a list of drafting and specification writing businesses familiar with the City's plan review process.