The City rewards affordable building owners who keep rental units affordable. Learn more here.

Note that applications close on Friday, December 19, 2025 at 4pm.

We reward property owners who:

• Agree to keep at least 20% of their building's rental units affordable

• For a period of 10 years

The reward

• The City will help you get a 4d property tax classification for your property.

• The City will grant eligible applicants $100 per affordable unit, up to $1,000, during the first year of enrollment.

• You are eligible to apply for $50,000 a year to fund new energy-saving technology projects for your building.

The City’s goal

They want affordable rental units to stay affordable so:

• Current renters can stay in their homes

• Future renters can afford rental homes

All information is from the City of Minneapolis.

There are also grant funds available to fund new energy saving technology projects to your properties, such as:

The Promise Act Grant Fund

This program, through a series of statewide partner organizations, will award grants to eligible businesses in communities that have been adversely affected by structural racial discrimination, civil unrest, lack of access to capital, loss of population or an aging population, or lack of regional economic diversification.

A total of $94.3 million will be awarded as grants in multiple rounds.

Round 2 of the MN Promise Act Grant closes on Sunday, December 14, 2025 at 11:59pm. Apply here.

The Developers Technical Assistance Program (DTAP) offers free classes, workshops, and advice for small and emerging real estate developers. Learn more here.

DTAP features:

• An Intro to Real Estate class

• Project advice from industry professionals

• Free pro forma workshops