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City of Arden Hills – 2040 Comprehensive Plan <br /> <br /> <br />Approved:, 2018 <br />7-20 <br />development of both rental and ownership housing units affordable at 80% AMI <br />or below. <br />4(d) Tax Program: The 4(d) tax program provides a 4% tax credit to affordable <br />housing developers. This program is administered through the Minnesota <br />Housing Finance Agency. Arden Hills encourages Minnesota Housing Finance <br />Agency to continue administer the 4(d) tax program to provide affordable housing <br />for those Arden Hills residents in need. 4(d) tax bond funds are a useful tool to <br />support the development of rental housing units affordable at 50% AMI or below. <br />Dr <br />a <br />f <br />t <br /> <br />11 <br />/ <br />0 <br />1 <br />/ <br />2 <br />0 <br />1 <br />7