Minneapolis is experiencing an affordable housing crisis. Already burdened low and moderate income tenants are increasingly paying more than 30% of their income on rent and utilities. At the same time, many rental property owners are faced with increased operating and maintenance costs as well as market opportunities to increase rents.

The City offers a robust package of incentives for rental property owners to reduce property tax liability, improve energy efficiency and, if present, address conditions of aging buildings. The primary goal of the program is to preserve affordability, reduce energy use and enhance healthy homes to support tenants and strengthen the bottom line for property owners. A secondary goal is to support market rate new construction development projects, including those that exceed the City’s minimum affordability requirements under the inclusionary zoning ordinance and unified housing policy.

The Minnesota Department of Veterans Affairs works to end Veteran homelessness in Minnesota, and are reaching out to Property Managers in Minnesota to promote their Homes for Veterans program. This program provides financial incentives and risk management to Property Mangers who are renting to Veterans in Minnesota experiencing homelessness.