Saint Paul file SR 26-211, before the Saint Paul City Council. Did not pass as of 2026-10-07.
Latest action: Archived
More affordable rental homes may be built If approved, St. Paul can claim federal tax credits that developers use to fund new or renovated rental units for lower-income residents, potentially increasing the city's affordable housing stock in 2027.
Private investment in low-income housing leveraged Tax credits attract private developers and investors to build affordable units by offsetting construction costs, creating housing that might otherwise not be financially feasible in the St. Paul market.
Credit allocation depends on state and federal approval St. Paul's reservation request competes with other cities and regions for a limited pool of credits awarded by the state, so the amount actually reserved may be less than requested or fall short of local housing needs.
Read the official record for SR 26-211
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