Minneapolis file 2026-00691, before the Minneapolis City Council. Passed as of 2026-07-07.
Latest action: Published
Rental housing owners get $405K in debt relief The city forgives $405,156 owed on the Rental Reclaim I housing portfolio, reducing the amount these property owners must repay.
Frees city funds for new affordable housing investment By removing this debt from the books, the city can redirect resources toward building or buying more affordable rental homes.
Taxpayers absorb the cost of forgiven debt The $405,156 loss comes from public money, meaning residents pay for the debt relief through city finances that could have funded other services.
Approving partial debt forgiveness, in the amount of $405,156in NSP funding on the Rental Reclaim I housing portfolio.
Read the official record for 2026-00691
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