Reserves tax credits for Aragon housing development

Saint Paul file RES 26-1708, before the Saint Paul City Council. Did not pass as of 2026-10-14.

Latest action: Archived

What it does

Affordable units possible at White Bear Avenue site The city reserves 2027 federal low-income housing tax credits for The Aragon Development, which could reduce the cost of renting apartments for residents earning below 60% of the area median income.

The bigger picture

Tax credits attract private investment to housing development The tax credit reservation signals to developers and lenders that this project is city-approved, making it easier to attract the private financing needed to actually build the apartment complex.

Read the official record for RES 26-1708

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