Int 0958-2024
Creation of affordable homeownership opportunities.
This bill would require, beginning July 1, 2026, that at least 4 percent of all new construction affordable units that the City finances, over five-year periods, consists of homeownership opportunity units, which include financing newly constructed affordable units for homeownership, downpayment assistance loans, and financing rental conversions into affordable units for homeownership. A maximum of 60 percent of these required homeownership opportunity units could be down payment assistance loans.
Status
Enacted
Introduced By
DMercedes Narcisse
MN
DCouncil Vote3 absent
47yes
1no
Introduced
6/20/2024
Enacted Date
1/29/2026
Last Modified
2/16/2026
File Name
Int 0958-2024
Committee
Co-Sponsors (13)
Bill History (16)
Voting Records (51)
Meetings & Hearings (7)
City CouncilVideo
January 29, 2026 — Overridden by Council
Committee on Land UseVideo
January 28, 2026 — Hearing Held by Committee, Approved by Committee
Committee on Land UseVideo
December 18, 2025 — Hearing Held by Committee, Amended by Committee, Amendment Proposed by Comm, Approved by Committee
City Council
December 18, 2025 — Approved by Council
Committee on Land UseVideo
December 4, 2025 — Hearing Held by Committee, Laid Over by Committee
Committee on Land UseVideo
September 19, 2024 — Hearing Held by Committee, Laid Over by Committee
City CouncilVideo
June 20, 2024 — Referred to Comm by Council