Eligible properties include any multi-family property that has a valid City of Rochester housing registration certificate with four or more units, 20% of which must meet program rent and income limits.

Nov 3, 2025 · Applications are now open for the 4 (d) Affordable Housing Incentive Program. Not only does it mean property tax reductions for qualified applicants, it also preserves affordable housing for...

Under Minnesota Statutes 273.128, properties that meet income and affordability criteria may receive a reduced 4d (1) tax classification on eligible units, resulting in lower property tax obligations.

Authorizing minor modifications to the Rochester-Olmsted County Affordable Housing 4(d) Tax Classification Incentive Program, including rent maximums for new construction to allow greater …

The Rochester-Olmsted County 4 (d) Affordable Housing Incentive program is a voluntary program that helps rental property owners obtain property tax reductions while preserving affordable housing for …

This voluntary program helps you lower your property taxes while ensuring your rental units remain affordable for income-qualified renters in our community.

Nov 3, 2025 · Eligible properties include multi-family buildings with four or more units, a valid City of Rochester housing registration, and at least 20% of units meeting rent and income limits. For more …

Nov 3, 2025 · Eligible properties must be multi-family buildings with four or more units, have a valid City of Rochester housing registration, and at least 20% of the units must meet rent and income limits.

Jan 1, 2025 · The property owner must agree to cap rent increases for current tenants in enrolled units to 6% annually unless approved by the Olmsted County Housing and Redevelopment Authority …

Eligible properties must be multi-family buildings with four or more units, have a valid City of Rochester housing registration, and at least 20% of the units must meet rent and income limits.