Housing Tax Credits

The Low-Income Housing Tax Credit (HTC) Program is a financing program for qualified residential rental properties. The HTC program offers investors a 10-year reduction in tax liability in exchange for capital to build eligible affordable rental housing units in new construction, rehabilitation, or acquisition with rehabilitation.

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Apply for Housing Tax Credits

Housing Tax Credits (9%) are allocated twice per year - the Consolidated RFP with much of our other funding, and during a Round 2 RFP that is also competitive. 4% credits are also available year round. You must apply for tax credits using our Multifamily Common Application in the Multifamily Customer Portal.  Documents are listed for reference on the Application Resources web page.

2021 Proposed HTC Qualified Allocation Plan (QAP)

Note: The documents below include the proposed changes to the 2021 QAP and supporting documents.  These changes have not yet been approved by the Governor.

2021 Important Dates - coming soon

2021 QAP Summary of Proposed Content Changes

2021 HTC Program Procedural Manual

2021 QAP

2021 Methodologies:

2021 HTC Self-Scoring Worksheet - Competitive Funding Round

2021 HTC Self-Scoring Worksheet - 4% Only

2021 QAP Composite Map - Greater Minnesota

2021 QAP Composite Map - Metro

2020 HTC Program Procedural Manual and Documents
HTC Application Reference Materials

Previous Years Manuals, Qualified Allocation Plans, Declarations, Scoresheets, Design Standards and Important Dates

2008 through 2019 Procedural Manuals and Documents

Compliance Monitoring

Housing Tax Credit Compliance - Overview, Dates, Manual, Owner and Tenant Certification Forms

Changes in Ownership or Proposed Development

Minnesota Housing strongly discourages the transfer of ownership or any material project or building design changes for developments that have been awarded tax credits. Any unapproved transfers or changes could be penalized by the complete or partial loss of tax credits as well as the assessment of penalty points. If an owner wishes to change or transfer ownership, the following forms must be submitted to Minnesota Housing for approval along with a transfer fee and the other documentation described in the HTC Program Procedural Manual, Chapter 2.

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