Housing Tax Credits
The Low Income Housing Tax Credit Program awards and allocates federal tax credits to owners of qualified affordable rental housing projects. These Housing Tax Credit (HTC), 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, generally a smaller round allocating the remaining available HTCs for the year.
The 2025 Housing Tax Credit Round 2 will open soon. Visit the Housing Tax Credit Round 2 webpage for more information.
4% HTCs with Tax-Exempt Volume-Limited Bonds are available year-round. Minnesota Housing is currently accepting pre-applications and starting Tuesday, January 14, 2025 will begin accepting full applications for an award of 2025 4% HTCs (4% Only) 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 the Multifamily Customer Portal. Resources and relevant documents are listed below and on the Multifamily Consolidated RFP/HTC Funding Rounds webpage. To receive notification of application updates and reminders via email, sign up to receive our eNews publications.
Apply for Housing Tax Credits
Applications of the 2024 Multifamily Consolidated RFP/2025 HTC Round 1 are now closed.
4% HTCs are available year-round. Minnesota Housing is currently accepting pre-applications and full applications for an award of 2024 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 must apply for HTCs using the Multifamily Customer Portal. Some of the resources and documents are listed for reference below and on the Application Resources webpage.
2025 HTC Documents
- 2024-2025 Qualified Allocation Plan (QAP) (pdf)
- 2024-2025 Self-Scoring Worksheet (pdf)
- Scoring Guide: 2024 Consolidated RFP/2025 HTC (pdf)
- Methodology Guide: 2024 Consolidated RFP/2025 HTC
- Visit our Community Profiles Webpage for an interactive geographic scoring map.
- 2025 Estimated HTC Distribution
- 2025 HTC Declaration of Land Use Restrictive Covenants (LURA)
2024 HTC Documents
- 2024 Estimated HTC Distribution
- Scoring Guide: 2023 Consolidated RFP/2024 HTC
- Methodology Guide: 2023 Consolidated RFP/2024 HTC (pdf)
- Visit our Community Profiles Webpage for an interactive geographic scoring map
- 2024 HTC Declaration of Land Use Restrictive Covenants (LURA)