Tax break for affordable housing in Minneapolis
Minneapolis just passed a 40% property tax reduction for properties which are considered affordable:
http://www.startribune.com/tax-break-will-increase...
Seems like it could be a handout for investors who have properties that already qualify. Right now it is just open for 10+ unit properties but if it drops to smaller units it would likely get filled up quickly as a 40% reduction in taxes may be worth dropping rent in one 4 plex unit.