Richfield City Council Supports 4D Tax Classification to Preserve Affordable Housing
- Meeting Overview:
Overview: The Richfield City Council convened to tackle issues, with the most significant being the approval of a resolution to support a 4D tax classification for Hemple Real Estate. This classification aims to preserve affordable housing in three key rental communities: New Orleans Court, Richland Court, and Winon House. These properties, which include 236 units and house over 477 residents, are part of a larger strategy to maintain affordability in a city facing increasing housing costs.
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Mary Supple
City Council Officials:
, Sharon Christensen, At-large, Walter Burk, Ward 1, Sean Hayford Oleary, Ward 2, Rori A. Coleman-Woods, Ward 3
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Meeting Type:
City Council
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Committee:
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Meeting Date:
01/28/2025
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Recording Published:
01/28/2025
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Duration:
73 Minutes
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Notability Score:
Routine
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State:
Minnesota
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County:
Hennepin County
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Towns:
Richfield
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