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EXCERPT: “While a revised Minneapolis affordable housing policy would expand its definitions to include students, many traditional undergraduates may still not qualify, officials say. Inclusionary zoning would require new private developers to make a portion of their units affordable. An interim policy that went into effect at the beginning of 2019 excluded all student housing from using inclusionary zoning. The revised policy was presented to Minneapolis City Council members and discussed at a Minnesota Student Association town hall meeting earlier this month. Under the new proposal, developers of buildings with at least 20 units would have to have three options for affordability or pay a fee. Developers could choose to construct eight percent of units to be affordable at 60 percent of the area median income, 20 percent of units at 50 percent AMI with financial assistance from the city or four percent of units at 30 percent of AMI. The revised inclusionary zoning policy would apply to student housing, which is defined as private housing intended to primarily serve students.” FULL STORY: http://bit.ly/34cJ6DV