Low-Income Rental Classification (LIRC)

Qualifying Properties are at least 20% of total units in the rental property must be affordable (Section 8, LIHTC, USDA, Rent restrictions placed by state, local, or federal government at or below 60% AMI). For qualifying properties, the eligible units use the 4d(1) tax class rate of .25%. The lower tax class rate applies only to that portion of the rental property meeting all eligibility criteria. The regular rental class rate of 1.25% will apply to the remainder of the property.

Cities have created programs to make unsubsidized rental properties eligible for LIRC, see examples below for more information:

Saint Paul

Minneapolis

St. Louis Park