Community Stabilization: Distressed Multifamily Rental Building Program
Minnesota Housing is now accepting applications for the Community Stabilization: Distressed Multifamily Rental Building Program. Applications are due by noon Central Time on Wednesday, November 19, 2025.
The Community Stabilization Program was established pursuant to Minnesota Laws 2023, chapter 37, article 1, section 2, subdivision 29 and Minnesota Laws 2023, chapter 37, article 2, section 6 as a one-time program to preserve Naturally Occurring Affordable Housing.
Minnesota Laws 2024, chapter 127, article 14, section 11 and Minnesota Laws 2024, chapter 127, article 15, section 38 amended the appropriation for the Community Stabilization Program, specifying that $50,000,000 is to be used to provide loans or grants for the recapitalization of distressed buildings. Of this amount, up to $15,000,000 is for preservation or Recapitalization of housing that includes Supportive Housing.
Community Stabilization: Distressed Multifamily Rental Building Program Guide
Minnesota Housing will not be able to provide any technical assistance to applicants on a 1-on-1 basis regarding their specific application. Applicants can pose questions during any of Minnesota Housing’s three Community Stabilization: Distressed Multifamily Rental Building Program RFP information sessions, or email distressedbldg.mhfa@state.mn.us. Minnesota Housing will publish a Frequently Asked Questions (FAQs) document after each information session. See below for specific dates and times.
Information Session One
Tuesday, September 2, 2025
1:00-2:00 p.m. Central Time
This information session will provide an overview of the program requirements and application materials and allow time for questions.
For accessibility accommodations, call 651.707.4040 or email Ben Eggersdorfer at ben.eggersdorfer@state.mn.us by Wednesday, August 27, 2025.
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