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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.

2018 Procedural Manual and Documents

2019 Housing Tax Credit Qualified Allocation Plan

The Minnesota Housing Qualified Allocation Plan (QAP) is our plan for the distribution of Low-Income Housing Tax Credits.  It combines state and federally legislated priorities and other Minnesota Housing priorities.

The 2019 QAP will go before our board of directors for final approval in July, 2017.

Learn More about the QAP

If you’re new to the Housing Tax Credit and QAP process, view a recorded webinar that was hosted by Minnesota Housing in May. The Webinar includes a high level overview of the QAP and potential 2019 QAP changes, along with the recorded Question and Answers session that was held during the webinar. It is designed for community members and stakeholders who are interested in the strategic and policy direction of the QAP.

Amended 2018 Procedural Manual and Documents

2018 Important Dates

Amended 2018 HTC Manual

Amended 2018 QAP

Amended 2018 Methodologies:

Amended 2018 Self Scoring Worksheet - (xlsm)  If using Firefox, you may be prompted to open the file or save the file. Please use “Save As” option to download these files, rather than “Open.”

Amended 2018 Self Scoring Worksheet (Not for submittal. pdf is for reference only.)

2018 HTC Underwriting Standards

2018 Cost Containment Thresholds - coming soon

2018 Final Point Range - coming soon

2018 HTC Designation of Qualified Census Tracts

2018 HTC Declaration Land Use - coming soon

2018 Homelessness Rider - coming soon

Declaration of Land Use Restrictive covenants for Low-Income Housing Tax Credits (The Homelessness rider must accompany the HTC Declaration as an additional requirement) 

Final Tax Credit Allocation 8609 Forms

Application Materials
HTC Application Reference Materials
Procedures for 2016 Carryover of Housing Tax Credits
Procedure for Final Housing Tax Credit Allocation Certification - IRS Form 8609

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

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 Procedural Manual, Chapter 2.
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