Inclusionary Zoning Revenue Loss Offset Assistance Policy

The Inclusionary Zoning Revenue Loss Offset Assistance Policy aims to inform developers about the availability of tax increment financing (TIF) for Inclusionary Zoning projects. It also provides guidance to staff in making recommendations on the use of Inclusionary Zoning TIF and in negotiating contract terms with developers.

Applies to

Developments that are:

Subject to the Inclusionary Zoning Ordinance
At least 20% of the total dwelling units affordable to households at or below 50% of the area median income
At least 10 units meeting restriction above
No more than 20% of the building square footage used for non-residential use

History

Council approval: December 21, 2019, Ordinance 2019-067

Last revised: April 1, 2022, Council Action 2022A-0212

Policy

See the Inclusionary Zoning Revenue Loss Offset Assistance Policy document

Related policy

Tax Increment Financing Policy

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Contact us

Community Planning & Economic Development (CPED)

Phone

612-673-5095

Address

Public Service Building
505 Fourth Ave. S., Room 320
Minneapolis, MN 55415

Last updated on March 11, 2025