4d Property Sales
If you intend to transfer title on a property currently enrolled in the 4d Program, complete the 4d Property Sale submission form online at least 30 days prior to the sale or transfer. This form will ask for property details and information about the buyer and seller, including contact details so that staff can maintain communication with the party responsible for the property. All buyers continue to be responsible for the existing 4d declaration and will need to sign a 4d Program New Owner Acknowledgement form.
If you have any questions about the process, please email staff at 4d@stpaul.gov.
Selling a 4d Property to a Tenant or Qualifying Buyer
4d properties may be sold at any time to the current tenant or to a qualifying owner-occupant earning a maximum income that is at or below 80% of AMI. Since only rental units are eligible for 4d classification, the owner-occupied unit(s) will need to be removed from the 4d Program and the release of the 4d Declaration.
# of persons | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
80% AMI | $69,600 | $79,520 | $89,440 | $99,360 | $107,360 | $115,280 | $123,280 |
Anyone buying or selling a property that is enrolled in the 4d Program must notify staff via the Property Sale submission form, at least 30 days prior to closing on sale. Any sale that results in owner occupation of a current 4d unit will require an Amendment to the 4d Declaration removing the unit that they plan to owner occupy. The prospective owner occupant must sign an affidavit stating that they plan to owner occupy the premises.
The City will provide written approval of the sale upon review of the potential buyer’s income documentation, or proof that the buyer is a current tenant at the 4d property. The buyer and seller must not close on the property prior to receiving approval from City staff.
# of persons | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
80% AMI | $69,600 | $79,520 | $89,440 | $99,360 | $107,360 | $115,280 | $123,280 |
