Economic Development and Housing Challenge (EDHC) Program funds the development of affordable permanent rental housing that supports economic development and redevelopment activities, job creation, or job preservation.

Economic Development and Housing Challenge (EDHC) Program Guide

Flexible Financing Capital Costs (FFCC) works in tandem with LMIR loans. FFCC loans are traditionally structured as deferred loans at low or no interest and are used as a mechanism to reduce the overall interest rate to the development. Learn more about the Low and Moderate Income Rental (LMIR) and Flexible Financing for Capital Costs (FFCC) Programs.

Low and Moderate Income Rental (LMIR) and Flexible Financing for Capital Costs (FFCC) Program Guide

Preservation Affordable Rental Investment Fund (PARIF) Program preserves the supply of federally assisted and supportive housing for low-income individuals and families. Federally assisted developments include those with Section 8 contracts, Rural Development rental assistance or financing, and on tribal land, NAHASDA funding. Learn more about preservation projects.

HOME Investment Partnerships (HOME) Program provides financing for the rehabilitation or acquisition and rehabilitation of federally assisted multifamily rental housing. Minnesota Housing gives priority in its Consolidated RFP to developments faced with risk of opt-out from federal subsidy programs (e.g. Section 8).

National Housing Trust Fund (NHTF) Program provides opportunities to increase or preserve the supply of multifamily rental housing for extremely low-income families. This program provides funding to add a supply of affordable housing to markets where there is strong evidence of an inadequate supply. up to one-third of the NHTF funding may also be used for operating assistance for eligible costs.  Learn more about the HOME and NHTF programs

Housing Infrastructure Bonds (HIB) are limited obligation tax-exempt bonds issued by Minnesota Housing and authorized by appropriations from the General Fund of the Minnesota Legislature. The proceeds of HIBs may be used to fund loans that finance specific multifamily housing development purposes. Projects must meet one of the following eligible uses.  Learn more about Housing Infrastructure Bonds.

Information will be posted here as soon as this program is published. Anticipated to be announced Spring of 2023.

Publicly Owned Housing Program (POHP) is a competitive funding program that uses the proceeds of General Obligation (GO) Bonds to provide financing in the form of a 20-year deferred, forgivable loan for the rehabilitation and preservation of public housing.  Learn more about the POHP.

The purpose of the Rental Rehabilitation Deferred Loan (RRDL) Program is to provide resources to rehabilitate existing rental housing in Greater Minnesota so that affordability is preserved and low and moderate income households have access to decent housing that is convenient to jobs, transportation, and essential services.
Learn more about RRDL.

The State Housing Tax Credit Contribution program is a new way to help finance multifamily and single-family housing that is affordable throughout the state of Minnesota. Beginning in 2023, eligible Minnesota taxpayers will be able to contribute to the contribution fund and, in return, receive a state tax credit. Learn more about SHTC.

The Workforce Housing Development Program (WHDP) targets small to medium-sized cities, communities or areas in Greater Minnesota with rental workforce housing needs. Funding is available to build market rate residential rental properties in communities with proven job growth and demand for workforce rental housing. Learn more about WHDP.

The HOME American Rescue Plan (ARP) is a new program and information will be posted here as it becomes available. It is federal funding as a response to the COVID-19 pandemic. This funding will likely be targeted to service providers and developers of new or rehabilitated housing whose service providers provide assistance to clients who need assistance.