W 8 From Revform Minneapolis Minnesota 2025

W 8 From Revform Minneapolis Minnesota: What You Should Know

Hotline.  About Rent Reform — MN Rent Reduction — Minneapolis Public Apr 18, 2025 — The City Council is taking steps to significantly reduce rent payments on the City's Housing projects (in-lieu fees, interest rates, penalties, and other charges). In July 2025 the Minneapolis City Council increased the amount that rent reduction payments should accrue, and reduced when the payment has accumulated. The City has a goal of reducing tenant income from the end of July 2025 to the end of February 2019. On August 31, 2018, Minneapolis entered into a Memorandum of Understanding (YOU) with the Office of the Rent Adjustment Board (ORAL) to continue to work together to eliminate unjustified in-lieu fees, increase tenant voice and control over their housing, and reduce homelessness in Minneapolis. A number of organizations have come together over the last few months to develop a plan for the development of Minneapolis' In-Lieu Fee Recovery program. The YOU outlines our intent to increase tenant voice and control, simplify the In-lieu Fee process, and reduce the amount of in-lieu fees that a resident pays. Also note that as part of the In-lieu Fee program, we are committed to further reducing the amount of fees charged, and reducing, rather than increasing, fees levied. With your help we can make affordable housing in Minneapolis more affordable and easier to access for all residents. This month's announcement of rent reduction to be implemented in fall 2025 and 2019, follows the approval of a 2 million increase to Minneapolis' In-lieu Fees. Learn more about the In-lieu Fee Program here. Rent Discounts Nov 30, 2025 — The Council has approved a resolution to provide a rental discount to residents facing homelessness, who have been receiving the Low Income Housing Tax Credit (LIH TC) since January 2017. The measure will fund a pilot program of low-cost or no-cost rent reduction for 30 days, up to two times per calendar year, with annual funding up to 200,000, plus a commitment to renew funding should it prove to be successful. Read more about Rent Discount for Homeless Residents. About Low Income Housing Tax Credit Program (LIH TC) The Minneapolis Housing Authority (MA) LIH TC program, authorized Jan. 1, 1988, was intended as a partnership program for low-income housing in Minneapolis.

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