Minneapolis file 2026-00991, before the Minneapolis City Council. Passed as of 2026-09-25.
Latest action: Published
Senior housing project can move forward at 23rd and Minnehaha If approved, the city lets a senior living facility borrow money using tax-exempt bonds, which means lower borrowing costs for the project.
More housing options for older adults in South Minneapolis This project adds senior living capacity in a neighborhood that may have limited options for aging residents seeking assisted living or independent senior housing.
Tax break benefits the project, not the city budget The city loses property tax revenue because the bonds are tax-exempt, so those costs shift to other taxpayers or reduce city services.
Passage of Resolution authorizing host approval for the issuance of tax-exempt revenue bonds by the Minnesota Health and Higher Education Facilities Authority (MHEFA) to finance property purchases includingMinnehaha Senior Living located at 3733 23rd Ave S.
Read the official record for 2026-00991
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