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Income Averaging

Minnesota Housing has published guidance for the use of income averaging with the Housing Tax Credit (HTC) Program. The guidance specifies eligibility details and supporting documentation requirements for the use of income averaging with HTC projects with and without additional Minnesota Housing deferred loan financing for:
  • New HTC applications beginning with Round 2 of the 2019 HTC Program, and
  • Previously selected HTC projects that have not yet filed Form 8609 with the IRS
To learn more about income averaging, resources are available on the Novogradac website. You can also check out the FAQs prepared by the National Council of State Housing Agencies (NCSHA).

Housing and Community Dialogues

Housing and Community Dialogues are a partnership between Minnesota Housing, USDA Rural Development, Greater Minnesota Housing Fund, and local community stakeholders. The goal of these dialogues is to share information across organizations, communities, and sectors in a way that catalyzes action on the local level and informs change on the state level.

By taking a sub-regional, cross sector approach, we strive to have actionable discussions about specific community housing challenges with a broad range of points of view.

Stay tuned for details on 2019 Housing and Community Dialogues.

Collaborate with Us

As the state's housing finance agency, we know affordable housing is an essential part of your city's infrastructure and the foundation for success for all Minnesotans. From helping families buy and fix up their homes to supporting local workforce housing needs, we'll work with you to provide opportunities across the housing continuum in your city. Talk to us about:

Contact Ryan Baumtrog to learn more.

 

2017 Housing Dialogues
2016 Housing Dialogues
2015 Housing Dialogues
2014 Housing Dialogues