Community Planning & Economic Development

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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.

Learn more details in our reference and an overview of the application process: the Housing Revenue Bonds and Tax-exempt Mortgage Notes Procedural Guide (pdf).

Last updated Jan 10, 2014

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

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