Community Planning & Economic Development

Phone: (612) 673-5095
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Housing Revenue Bond Program

Housing Revenue Bonds and Tax-exempt Mortgage Notes may be used to finance the acquisition and rehabilitation or new construction of owner-occupied or renter-occupied residential units where the intended occupants of the units qualify the Project for tax-exempt status in conformance with the Internal Revenue Code, the Statutes of the State of Minnesota and the City Ordinances.

Statutory and regulatory requirements must be met to assure tax-exempt status. Financial and legal counsel with expertise in tax-exempt obligations and real estate is required.

NOTE:  Guidelines and priorities have been developed for applicants seeking Minneapolis housing revenue entitlement allocation bonds for the 2017/2018 allocation year. These guidelines and priorities are incorporated into the Housing Revenue Bonds Application Procedural Guide for 2017.  

City of Minneapolis Housing Revenue Bonds Application Procedural Guide

2018 Cost Containment Thresholds 

City of Minneapolis Conduit Bonds Policy adopted November 18, 2016

Last updated Nov 19, 2018

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Accessibility:
For reasonable accommodations or alternative formats, contact 311.
People who are deaf or hard of hearing can use a relay service to call 311 at 612-673-3000.
TTY users can call 612-673-2157 or 612-673-2626.

Para asistencia 612-673-2700, Yog xav tau kev pab, hu 612-637-2800, Hadii aad Caawimaad u baahantahay 612-673-3500. 

Salary Compliance Notice:
State statute 471.701; Notice of Salary Compliance, requires that the City post for not less than 90 days
the job title of the three highest paid employees along with their base salary. For 2018 these were:
1. City Attorney, $186,490
2. Assistant City Coordinator Convention Center, $183,600
3. Director Public Works, $181,191

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