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Rochester-Olmsted County 4(d) Affordable Housing Incentive Program

Affordable Housing

The Rochester-Olmsted County 4(d) Affordable Housing Incentive program helps rental property owners obtain property tax reductions while preserving affordable housing for income-qualified renters in our community. The current Rochester-Olmsted County 4(d) Affordable Housing Incentive Program application is for the Tax Assessment Year 2024 - Tax Payable Year 2025, the tax savings for this application will not be realized until the Tax Payable Year 2025. 

Properties taxed under the 4(d)1 classification are at the 0.25% rate which is an approximately 80% reduction from the general multifamily housing tax rate classification of 1.25%. In return for the property tax reduction, the rental property owner agrees to keep the property affordable to income-qualified renters for a 10-year period. Eligible properties include any multi-family property that has a valid City of Rochester housing registration certificate with four or more units, 20% of which must meet program rent and income limits.  

How to apply 
The application window for new enrollment opens yearly between November 1 and January 31. To participate in the program, please review the Program Guide and complete the Application and Rent Roll found in the links below. 

  • Program Guide
  • Application  
  • Rent Roll  

Please email the completed Application and Rent Roll to olmstedhra@olmstedcounty.gov with the subject line: Attn. 4(d) Incentive Program.

Questions? 
If you have any questions about the Rochester-Olmsted 4(d) Affordable Housing Incentive program, please email Olmsted County Housing Program Manager Mark Engel.  

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