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

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

This project is in Available Phase

Explore this page to view Beam's assessment of the basic description of the project, its impacts and collaboration atrributes. Also shown are status reports related to the project.
Please click this Link to get to Beam's view of the project's strategy, expected results, and monitored metrics.

Collaborators, Project Type, Impacts, Related Projects

Collaborators

Lead Organization: Olmsted County HRA

Contact: TBD ; Email: TBD ; Phone: TBD

Known/Likely Collaborators: City of Rochester, MN ; County of Olmsted, MN ; Olmsted County HRA

Potential Collaborators:

Related Projects

City of Rochester Home Ownership Creation Program ; Coalition for Rochester Area Housing

Impacts

Major Impact: Housing

PlanScape Impacts :

Level 1: Governance/Public Policy, Housing

Level 2:

DMC Impacts:

Community Health Impacts:

Type of Project

Programming

Detailed Description

Pinned Reports on: Rochester-Olmsted County 4(d) Affordable Housing Incentive Program

Rochester-Olmsted County 4(d) Affordable Housing Incentive Program (December 11, 2024)

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.

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

Rochester-Olmsted County 4(d) Affordable Housing Incentive Program (December 11, 2024)

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.

Other Community News and Reports having impacts on:

Governance/Public Policy, Housing

February 16, 2025: Chateau Theatre Upkeep

Feb 6, 2025 DMCC

Feb 3, 2025 City Council Proceedings

PB Reporting

February 15, 2025: Housing Stats 5 Year Summary 2020 - 2025

5 Year Housing Demand vs Supply (Production)

Rochester, Olmsted County, and Township Production

Avg Demand vs Avg Production Shortfall

February 11, 2025: City SUPPORTING TRANSFORMATION - BOLD Unbound

City Council Study Session:

Video Recording Link

Presentation

Collaboration Commitment

February 11, 2025: Vision 2050 Report and Next Steps

Press Release

Results Report

City Council Study Session

February 07, 2025: DMC Equitable Economic Development

Feb 2025 DMC Board Meeting Report: Community Co-design, Equity Alliance Topics, Community Connection & Capacity Building, Pitch Event, Targeted Business Metrics, Affordable Housing

February 06, 2025: Any Path Home push against homelessness

Post Bulletin Reporting Abstract

February 06, 2025: DMC Feb 2025 Key Topics

Feb 2025 DMC Board Meeting Key Topics:

Annual Report; Metrics and Accountability; 2nd Street SW Public Realm Enhancement; Public/Private Collaboration to advance City for Health brand; Video Recording

January 10, 2025: West Transit Village Housing City Council

Feb 2025 DMCC Board Meeting Memo

PB reporting re Jan 6 City Council Meeting

"A final plan for dividing a 14.1-acre Mayo Clinic parking lot into developable sections is expected to be reviewed Monday by the Rochester City Council. The site, being dubbed “West Transit Village,” sits between Second Street Southwest and Cascade Lake. It is currently used as a Mayo Clinic employee shuttle lot, and Mayo Clinic plans to construct a 2,500-stall parking structure."

December 14, 2024: City Housing Support

Home Ownership Creation Program - Prairie Ridge: "NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of Rochester, MN hereby approves the contribution of $4,000,000 to the Prairie Ridge development to support the creation of 201 for-sale homes via the Home Ownership Creation Program.

PB Reporting regarding TIF $14M Requests (Sherman and Prairie Ridge) 2024-12-14

December 07, 2024: "Link BRT a milestone project for Rochester

DMC Feb 2025 Board Meeting Memo

City of Rochester Receives $84.92 Million Federal Grant for Transformative Link Bus Rapid Transit Project

LINK Progress Report to City Council

Rochester eyes TIF to support Transit Village, Public Parking

November 11, 2024: Rochester Public Schools Referendum Nov 2024

RPS Superintendent Video and Presentation Slides

Referendum to support: Strong Communities; Strong Schools; Strong Young People

PB Reporting on Referendum Efforts and Results

October 17, 2024: Olmsted County shares update on opioid settlement fund use

Support for: Drug and Alcohol Response Team (DART), CredibleMind, "Be in the Know Olmsted" Campaign

October 16, 2024: DMC 2025 Budgets

2025 Budget and Workplan September DMCC Board Meeting

City Council Oct 2024 on DMC 2025 Budget

October 16, 2024: 2024 Destination Medical Center Reports

Proceedings

September 2024 DMCC Board Meeting with 2025 Workplan Breakout

May 2024 DMCC Board Meeting and City, County, DMC Joint Meeting

Feb 2024 DMCC Board Meeting

Last modified by allnode on 2024/12/11
Created by allnode on 2015/09/13

Site Information

Project Phase Definitions

The following defines the various project phases:

Available - a product, program or service is in production
Develop - program or application is being developed
Plan - idea is solid, stakeholders are identified, and there is strong commitment to go forward from all parties.
Concept Phase - idea scoped out with enough details to give an early sizing and/or to build a proof of concept
demonstration
Pre-concept Phase - an early idea or a requirement.

About Beam

Community Beam (dmcbeam.org) is a registry of private and public resources (organizations, projects, initiatives, programs) that underpin economic and social developments of greater Rochester:

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.

Links to Beam sub-sites

Sample of Beam sub-sites:

Sections

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

This project is in Available Phase

Collaborators

Related Projects

Impacts

Type of Project

Pinned Reports on: Rochester-Olmsted County 4(d) Affordable Housing Incentive Program

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

Other Community News and Reports having impacts on: