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.
Minnesota Housing offers two types of HTCs: 9% and 4% with Tax-Exempt Volume-Limited Bonds
The 9% HTCs are allocated twice a year through a competitive process:
- During Round 1, also known as the annual Multifamily Consolidated RFP/HTC Round 1, when much of our other funding is also available, and
- During Round 2, which is generally a smaller round allocating the remaining available HTCs for the year.
Funding for the 2023 Multifamily Consolidated RFP/2024 HTC Round 1 is available. Applications are due July 13, 2023 at 12:00 PM Central Time. Visit the 2023 Multifamily Consolidated RFP/HTC Funding Rounds webpage for more information about important dates, application materials and how to submit.
4% HTCs with Tax-Exempt Volume-Limited Bonds are available year-round. Minnesota Housing is currently accepting pre-applications and full applications for an award of 2023 4% Only HTCs (42M) for projects anticipated to be financed with tax-exempt volume limited bonding authority from Minnesota Management and Budget (MMB) Learn more about the 4% Housing Tax Credit (4% Only) program.
Applicants for HTCs must apply using our Multifamily Customer Portal. Resources and relevant documents are listed below and on the 2023 Multifamily Consolidated RFP/HTC Funding Rounds webpage. To receive notification of application updates and reminder via email, sign up to receive our eNews publications.
2024-2025 HTC Documents
- 2024-2025 Qualified Allocation Plan (QAP) (pdf)
- 2024-2025 Self-Scoring Worksheet (pdf)
- 2024-2025 Methodology Guide (pdf)
- Visit our Community Profiles Webpage for an interactive geographic scoring map.
- Scoring Guide: 2023 Consolidated RFP/2024 HTC
- 2024 Estimated HTC Distribution
2023 HTC Documents
- 2022-2023 QAP
- 2022-2023 Self-Scoring Worksheet
- 2022-2023 Methodologies:
- Methodology Table
- Need for More Affordable Housing Options
- Opportunity Zones
- Transit and Walkability
- Multifamily Award History
- Rural/Tribal Designated Areas
- Qualified Census Tracts, Tribal Equivalent Areas
- Workforce Housing Communities
- Continuum of Care (CoC) Priorities
- Visit our Community Profiles webpage for an interactive geographic scoring map.