Public Comment: Proposed changes to the City of Minneapolis 4d Affordable Housing Incentive Program
The City of Minneapolis is seeking public comment on the following proposed changes to the 4d program guidelines. The deadline to submit comments is Monday, October 19 by 5:00 p.m. Please provide public comments to staff at firstname.lastname@example.org.
Proposed changes would allow single family rental homes to enroll in the 4d program. In order to support future affordable homeownership opportunities, the City will release a 4d program declaration of restrictive covenants only if the property is sold to a current tenant, or another buyer with an income at or below 80% of Area Median Income (AMI). In either case, buyers would be required to sign an affidavit that says they will occupy the home as their primary residence.