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Tax Breaks to Landlords

 Impact Lvl 1: Housing
Public Pinned Report by Olmsted County HRA
Last modified: August 16, 2024

Contents

Highlights


PB reporting: A local program providing tax breaks to landlords in exchange for maintaining lower rents is being tweaked to encourage future development of affordable housing.

Contents


 PB ePaper Reporting

 

 

 


 

 

  

 

Related Reports


 

Other Olmsted County HRA Pinned Reports


April 16, 2022 : Affordable Homes Development Summit Summary
Impact Lvl1: Housing
Impact Lvl2:

On April 12, 2022, the Olmsted County Housing Department hosted an Affordable Homes Development Summit. The Summit was intended for local government representatives, developers, builders, realtors, and lenders to come together to discuss how to encourage the construction of modest homes, learn what resources are currently available and brainstorm new ideas and tools to address the growing need of affordable new construction in our communities.



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Pinned Olmsted County HRA organization and project reports


. Project Report of Rochester-Olmsted County 4(d) Affordable Housing Incentive Program : December 11, 2024 : Rochester-Olmsted County 4(d) Affordable Housing Incentive Program
Impact Lvl1: Housing
Impact Lvl2:

The current Rochester-Olmsted County 4(d) Affordable Housing Incentive Program application is for the Tax Assessment Year 2025 - Tax Payable Year 2026, the tax savings for this application will not be realized until the Tax Payable Year 2026.

 



Organization Report: April 16, 2022 : Affordable Homes Development Summit Summary
Impact Lvl1: Housing
Impact Lvl2:

On April 12, 2022, the Olmsted County Housing Department hosted an Affordable Homes Development Summit. The Summit was intended for local government representatives, developers, builders, realtors, and lenders to come together to discuss how to encourage the construction of modest homes, learn what resources are currently available and brainstorm new ideas and tools to address the growing need of affordable new construction in our communities.



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Project Phase Definitions
The following defines the various project phases:
  1. Available - a product, program or service is in production
  2. Develop - program or application is being developed
  3. Plan - idea is solid, stakeholders are identified, and there is strong commitment to go forward from all parties.
  4. Concept Phase - idea scoped out with enough details to give an early sizing and/or to build a proof of concept
    demonstration
  5. Pre-concept Phase - an early idea or a requirement.
About Beam
  • For the commercial sector, we tend to register startup activities (new companies and new commercial projects) that bring diversification and high-impact opportunities to the area.
  • For the non-profit sector, we wish to shine light on all the organizations and services that otherwise labor under relative obscurity.
  • Our hope is that dmcbeam.org will encourage cross-sector collaborations and creative solutions.

While there are a number of registries in the community, dmcbeam.org's  distinct value is to pilot a database with a data structure and categorizations that answer the questions such as: What organizations or projects/programs in our community that have purported relevance with some of the over-arching focuses put forward by initiatives such as DMC, J2G and Health Improvements?

This database could be used as one of the ways to explore the capacities of the community. If you are someone on an exploratory journey to learn about the greater Rochester community. dmcbeam.org could be an interesting first step.

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