Tax break for affordable housing in Minneapolis

[John Woodrich]

Minneapolis just passed a 40% property tax reduction for properties which are considered affordable: 

http://www.startribune.com/tax-break-will-increase...

Seems like it could be a handout for investors who have properties that already qualify.  Right now it is just open for 10+ unit properties but if it drops to smaller units it would likely get filled up quickly as a 40% reduction in taxes may be worth dropping rent in one 4 plex unit.