Trio Development Affordability Terms
At a glance
Based on human-uploaded captions, which may still contain errors in names and numbers.
- What: revised staff recommendation changing the affordability terms of the Trio Development: raise the buyer income limit from 60% of area median income (AMI) to up to 80% AMI on six of its 10 units, and waive the subsidy requirement of the Minneapolis Homes Access program for down payment assistance to the 60% AMI households.
- Where it stands: the committee approved the revised recommendation by voice vote on October 20, 2026.
- Next: full City Council action.
Details
- A CPED housing staff member presented the revision after further discussions with council offices.
- Council Member Chavez moved approval and thanked staff and the committee chair and vice chair for working through it.
Sources
- 2026-10-06 - Business, Housing & Zoning Committee
- 2026-10-20 - Business, Housing & Zoning Committee (video of the October 20, 2026 meeting)
- 2026-10-20 - Business, Housing & Zoning Committee
- Minneapolis agenda portal: https://lims.minneapolismn.gov
Discussion time
About 2 minutes across 1 meeting (from transcript timestamps; approximate).
| Meeting | Minutes |
|---|---|
| 2026-10-20 - Business, Housing & Zoning Committee | 2 |
Log
- 2026-10-20 - Business, Housing & Zoning Committee - revised staff report presented; Council Member Chavez moved approval; carried by voice vote.
- 2026-10-06 - Business, Housing & Zoning Committee - Postponed one cycle at Chavez's request.
2026-10-20 - Business, Housing & Zoning Committee
Marked agenda: modification of affordability terms in both contracts approved as amended.