Procedures for Carryover of Housing Tax Credits

2023 HTC Carryover applications must be submitted in Minnesota Housing's Multifamily Customer Portal (Portal). Project owners apply for Carryover by submitting the required application, attachments and verification documents to Minnesota Housing in an acceptable form. The Carryover application and all required documentation must be submitted to Minnesota Housing no later than noon Central Time on Wednesday, November 1, 2023.

To the extent permissible, late fees will be imposed on Carryover applications submitted after the submission deadline as provided in the 2022-2023 Qualified Allocation Plan (QAP).

If you are applying for Carryover, please use our Multifamily Customer Portal and refer to the Carryover checklist.

• AIT Guidance
• Syndicator/Investor letter of approval referencing the specific rent and income tiers.
• Permanent lender(s) letter of approval referencing the specific rent and income tiers.
• Bond issuer letter of approval referencing the specific rent and income tiers. If Minnesota Housing is the bond issuer, Minnesota Housing approval is also required and requests will be considered on a case by case basis.
• Updated Market Study - see revised Market Study Guidelines
• AIT Election/Certification Form
• Income and Rent Grid
• Updated Multifamily Workbook

The project must receive approval from Minnesota Housing to change the minimum set aside election. If you have any questions or need additional information, please contact any member of the tax credit team at htc.mhfa@state.mn.us.

2022 HTC Carryover applications must be submitted in Minnesota Housing's Multifamily Customer Portal (Portal). Project owners apply for Carryover by submitting the required application, attachments and verification documents to Minnesota Housing in an acceptable form. The Carryover application and all required documentation must be submitted to Minnesota Housing no later than 12:00 p.m. CT on November 1, 2022 (If this date is not a business day, then the next calendar business day applies.).

To the extent permissible, late fees will be imposed on Carryover applications submitted after the submission deadline as provided in the 2022-2023 Qualified Allocation Plan (QAP).

The documents on this page are listed here for reference purposes and do not reflect the full list of required documents. If you are applying for Carryover, please use our Multifamily Customer Portal.

• Notice of Owner Intention - August 1, 2022
• Carryover Application (HTC 4)
• Building Information Form (HTC 5)
• Attorney's Opinion Letter
• Certified Public Accountant's Certification (HTC 6) - Part 1 of 2
• Certified Public Accountant's Certification (HTC 6A) - Part 2 of 2
• Management and Operating Expense Review and Underwriting Certification (HTC 29)
• Gross Rent Floor Election Form (Competitive State Cap Credit)
• AFHMP Process and Materials
• Equal Employment Opportunity Policy Statement
• HTC Design Standards Certification
• Unit Development Characteristics Profile
• Assisted Living Narrative
• Assisted Living Certification
• Temporary Relocation Principles
• Identity of Interest
• Fee Remittance Form

The project must receive approval from Minnesota Housing to change the minimum set aside election. If you have any questions or need additional information, please contact any member of the tax credit team at htc.mhfa@state.mn.us.

2021 HTC Carryover applications must be submitted in Minnesota Housing's Multifamily Customer Portal (Portal). Project owners apply for Carryover by submitting the required application, attachments and verification documents to Minnesota Housing in an acceptable form. The Carryover application and all required documentation must be submitted to Minnesota Housing no later than 12:00 p.m. on November 1, 2021. (If this date is not a business day, then the next calendar business day applies.).

To the extent permissible, late fees will be imposed on Carryover applications submitted after the submission deadline as provided in the 2021 Housing Tax Credit Program Procedural Manual.

The documents on this page are listed here for reference purposes and do not reflect the full list of required documents. If you are applying for Carryover, please use our Multifamily Customer Portal.

• Notice of Owner Intention - August 1, 2021
• Project Schedule (MHFA Form 104)
• Owner Certification/Application for Carryover Allocation (HTC 4)
• Building Information Form (HTC 5)
• Attorney's Opinion Letter
• Certified Public Accountant's Certification - Background Memo
• Certified Public Accountant's Certification (HTC 6) - Part 1 of 2
• Certified Public Accountant's Certification (HTC 6A) - Part 2 of 2
• Management and Operating Expense Review and Underwriting Certification (HTC 29)
• Gross Rent Floor Election Form (Competitive State Cap Credit)
• AFHMP Process and Materials
• Equal Employment Opportunity Policy Statement
• HTC Design Standards Certification
• Unit Development Characteristics Profile
• Assisted Living Narrative
• Assisted Living Certification
• Temporary Relocation Principles
• Identity of Interest
• Fee Remittance Form

2020 HTC Carryover applications must be submitted in Minnesota Housing's Multifamily Customer Portal (Portal). Project owners apply for Carryover by submitting the required application, attachments and verification documents to Minnesota Housing in an acceptable form. The Carryover application and all required documentation must be submitted to Minnesota Housing no later than 12:00 p.m. on November 1, 2020. (If this date is not a business day, then the next calendar business day applies.)

To the extent permissible, late fees will be imposed on Carryover applications submitted after the submission deadline as provided in the 2020 Housing Tax Credit Program Procedural Manual.

• Notice of Owner Intention - August 1, 2020
• Project Schedule (MHFA Form 104)
• Owner Certification/Application for Carryover Allocation (HTC 4)
• Building Information Form (HTC 5)
• Attorney's Opinion Letter
• Qualified Building One Year Extension Background
• Certified Public Accountant's Certification - Background Memo
• Certified Public Accountant's Certification (HTC 6) - Part 1 of 2
• Certified Public Accountant's Certification (HTC 6A) - Part 2 of 2
• Management and Operating Expense Review and Underwriting Certification (HTC 29)
• Gross Rent Floor Election Form (Competitive State Cap Credit)
• AFHMP Process and Materials
• Equal Employment Opportunity Policy Statement
• HTC Design Standards Certification
• Unit Development Characteristics Profile
• Assisted Living Narrative
• Assisted Living Certification
• Temporary Relocation Principles
• Identity of Interest
• Fee Remittance Form

• AIT Guidance
• Syndicator/Investor letter of approval referencing the specific rent and income tiers is required.
• Permanent lender(s) letter of approval referencing the specific rent and income tiers is required.
• Bond issuer letter of approval referencing the specific rent and income tiers is required. If Minnesota Housing is the bond issuer, Minnesota Housing approval is required and requests will be considered on a case by case basis.
• Updated Market Study - see revised Market Study Guidelines
• AIT Election/Certification Form
• Income and Rent Grid
• Updated Multifamily Workbook

• Owner Certification/Application for Carryover Allocation (HTC 4)
• Certified Public Accountant's Certification - Background Memo
• Certified Public Accountant's Certification (HTC 6) - Part 1 of 2
• Certified Public Accountant's Certification (HTC 6A) - Part 2 of 2