Housing Development and Capital Funding Programs

In its effort to advance Minnesota Housing's Strategic Priorities and increase housing that is affordable, Minnesota Housing offers a variety of housing development and capital program funding options for rental properties throughout Minnesota. Learn when and how to apply for funding to support your housing development. Learn about the capital funding programs available, and view the most recent eNews. After your proposal is selected for funding, learn about the process for closing your financing.

Apply for Funding

Throughout the year, Minnesota Housing makes available requests for proposals (RFP) to project owners and developer. What follows is information that introduces the process when developing rental housing in partnership with Minnesota Housing.

Learn about RFPs, technical assistance, and tools used to apply for funding. Application requirements vary depending on the type of financing or funding sought.

New to Minnesota Housing

Minnesota Housing believes in diversification of projects, proposal types, and partners. It would be an honor for you to partner with us. The Multifamily Division has several resources to help you get started, including trainings, technical meetings, and tools to help you put together a rental housing development concept to apply for funding for your development or housing project.

Requests for Proposals Information

Request for Proposals Information

We offer a variety of funding options for rental housing development that may be requested through an annual or open-pipeline Request for Proposals (RFPs). Learn more about each Request for Proposal.

You can also sign up to receive our eNews, which provide notifications when RFPs are announced.

Capital Funding Programs

We offer deferred and amortizing financing through the Multifamily Consolidated Request for Proposals (RFP)/HTC funding round and on a year-round basis. Each capital funding program offers additional requirements, terms, and eligibility requirements for the development.

Amortizing Mortgages

We offer a variety of financing options for rental properties. Financing is available through the annual Multifamily Consolidated RFP/HTC funding round and on a year-round basis.

Learn more about the variety of amortizing mortgages we have available

Housing Tax Credits

The Low Income Housing Tax Credit (HTC) Program awards and allocates federal tax credits to owners of qualified affordable rental housing projects. These HTCs, which offer a 10-year reduction in tax liability, are sold to investors in exchange for capital to build eligible affordable rental housing units in new construction, rehabilitation, or acquisition with rehabilitation. Learn more about our Housing Tax Credits programs.

Deferred Loan and Grant Programs

Deferred funds are available through the Consolidated RFP and may be available on a limited basis throughout the year. Deferred funds are generally structured as repayable loans at 0% for a term of 30 years. Learn more about our Deferred Loan and Grant Programs

Post-Selection

These Post-selection materials will help in completing and submitting the proper forms to Minnesota Housing and its funding partners in order to continue to process your development after selection. Learn more about the documents required.

Request for Action (RFA) and Change Notifications

Our Request for Action (RFA) process is used for different servicing requests, including assumptions, ownership/management company changes, subordinations, and payoffs. An RFA must be completed for all servicing requests. Learn more about our RFA and change notification process.