Minneapolis file 2026-01253, before the Minneapolis City Council. Still to be decided as of 2026-11-05.
Latest action: Public hearing set for 11/17/2026 by Business, Housing & Zoning Committee
New affordable housing for artists in North Loop The Textile Artist Lofts project at 119 4th St N would create housing units for artists, with financing through tax-exempt bonds that reduce borrowing costs and help keep rents lower than market rate.
Tax break reduces city revenue but funds housing Tax-exempt bonds lower the city's tax base, but the tradeoff is designed to make artist housing affordable and support cultural anchor tenants in North Loop neighborhoods.
Setting a public hearing for the November 17, 2026,Business, Housing & Zoning Committee meeting, to consider the issuance of Tax Exempt MultifamilyHousing Revenue Bonds for the Textile Artist Loftsproject located at 119 4th St N.
Read the official record for 2026-01253
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