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Multifamily Consolidated Request for Proposals/Housing Tax Credits Funding Rounds

The Multifamily Consolidated Request for Proposals (RFP) is a competitive funding round, offered once per year, which provides a means of "one stop shopping" by consolidating and coordinating multiple multifamily housing funding resources into one application process. It deploys significant capital funds and is the primary mechanism that Minnesota Housing uses to award and allocate federal and state resources. Applicants may request funding for a specific housing development and/or activities that meet a specific housing need. Applicants generally do not apply for specific funding sources. During the application review process, Minnesota Housing identifies which funding sources are eligible for a given application.

Housing Tax Credit (HTC) Round 1 is offered through the Multifamily Consolidated RFP and uses a forward selection process with selections taking place late in the calendar year preceding the allocation year of the HTCs. The HTC’s Qualified Allocation Plan (QAP) and the Self-Scoring Worksheet set the policies and procedures used to score, evaluate, and select multifamily applications for funding that are submitted to the Multifamily Consolidated RFP. Additional capital funding programs available through the Multifamily Consolidated RFP may have further eligibility and requirements.

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Technical Assistance

We offer and strongly encourage, a technical assistance (TA) session to discuss your project with Minnesota Housing staff.  To make the TA session productive, we recommend applicants begin by completing the Multifamily Workbook and preliminary scoring of the project.  These items can be submitted to the TA team advance of the scheduled TA session. If you would like TA as you complete your funding application, complete, and submit the Technical Assistance Request Form to begin the process.

2023 Consolidated RFP and 2024 HTC Round 1 is closedMoreLess

The 2023 Consolidated RFP and 2024 HTC Round 1 is closed.

Funding recommendations will be presented at the Minnesota Housing's December 2023 board meeting. Selections can be found on the RFP and HTC Funding Selections webpage in January 2024.

Closed application resources and materials are for reference only.

Capital Funding and Program ResourcesMoreLess

Capital Funding and Program Resources Offered

Capital funding and program resources vary from year-to-year. Generally, the Multifamily Consolidated RFP offers the following:

Housing Tax Credits are allocated twice per year through a competitive process:

  • Round 1, this is Multifamily Consolidated RFP/HTC funding round, when much of our other funding is also available, and
  • Round 2, a smaller round of HTC but uses the same application materials from the Multifamily Consolidated RFP; HTC Round 2 generally does not offer the deferred loans.

Amortizing mortgages and Bridges Loans, may include but are not limited to:

  • Low and Moderate Income Rental (LMIR) Program
  • Bridge Loan Product

Deferred Loans, may include but are not limited to:

  • Economic Development and Housing Challenge (EDHC), including the American Indian set-aside
  • Flexible Financing for Capital Costs (FFCC)
  • Housing Infrastructure Bond (HIB) proceeds
  • Preservation Affordable Rental Investment Fund (PARIF)
  • HOME Investment Partnership (HOME)
  • National Housing Trust Fund (NHTF)

U.S. Department of Housing Urban Development (HUD) Section 811 Project-Based Rental Assistance (PRA) Program

Application Resources (for reference only)MoreLess

Application Resources

The policy and guidance documents listed are the foundation to the Multifamily Consolidated RFP/HTC funding rounds. All projects must meet the requirements of these policy and guidance documents. The program-specific resources listed are supplemental to the policy and guidance documents and may provide further requirements and/or guidance.

The policy and guidance documents are modified regularly. The policy and guidance documents listed are specific to the 2023 Multifamily Consolidated RFP/2024 HTC Funding Rounds and are for reference only.

Policy and Guidance Documents

Program and Other-Specific Resources

  • Deferred Loan and Grant Programs - Reference all program guides for each Capital Funding and Program Resources Offered. Though applicants generally do not request a specific program, each program may have different eligibilities and requirements.
  • Housing Tax Credits - HUD Qualified Census Tracts, Equitable Development Narrative, Community Development Initiative Narrative, HTC Threshold letter
  • Preservation - Prioritizes properties for preservation that are at risk of losing federal rental assistance due to poor physical condition, diminished owner capacity or owner commitment, or at risk of conversion to market (opting out of the rental assistance program).
  • Rent and Income Limits - HTC Rent and Income Limits, Fair Market Rents (FMR), Area Median Income (AMI)
  • Supportive Housing - Ending Long-Term Homelessness Initiative, reports and studies on homelessness, service models, Minnesota Departments of Human Services (DHS) programs, Homeless Management Information Systems (HMIS).
Application Materials (for reference only)MoreLess

Application Materials

The application materials are specific to the 2023 Multifamily Consolidated RFP/2024 HTC Round 1 funding rounds and are for reference only. Application materials may be downloaded and must be uploaded to the Multifamily Customer Portal.

*Tip: Create your application in the Multifamily Customer Portal, including Funding Partner(s) applications, all required checklist items will populate.

Development Team Qualification Forms

All development team members must have current qualification forms on file for each funding round for which they apply.  Qualification forms are valid for 12 months. Learn more about the qualification forms and how to submit them.

2023 Consolidated RFP/2024 HTC Round 1 Funding Round eNewsMoreLess

2023 Consolidated RFP/2024 HTC Round 1 Funding Round eNews

Training ResourcesMoreLess

Training Resources

The training resources are specific to the 2023 Multifamily Consolidated RFP/2024 HTC Round 1 funding rounds and are for reference only. Training resources may also provide general information about the Multifamily Consolidated RFP/2024 HTC Funding Rounds.

Technical Assistance Kickoff Event

In preparation for the 2023 Multifamily Consolidated RFP/2024 HTC Round 1, Minnesota Housing hosted a 2 day virtual Technical Assistance Kick off event.

  • Day 1:  This tutorial focuses on information for applicants new to the process. The presentation included an introduction to the application funding process, as well as underwriting Low Income Housing Tax Credits (HTC), Housing Infrastructure Bonds (HIB) and supportive housing.
    Training recording (01:51:05) | Presentation slides [PDF]
  • Day 2: This event focuses on new items and updated processes, changes to the Qualified Allocation Plan, overview of updates that have been made to forms and documents and submission requirements for supportive housing projects, important preservation and underwriting updates, and learn funding sources such as federal Housing Tax Credits (HTC) and Housing Infrastructure Bonds (HIB).
    Training recording (02:15:58) | Presentation slides [PDF]

NOTE: The virtual Technical Assistance Kickoff Event is not a replacement for more focused, project-specific technical assistance. Please complete a Technical Assistance Request Form and you will be connected with a staff person who can discuss specifics about your proposal and answer your questions.

Self-Scoring Worksheet Training

Minnesota Housing hosted a training about the Self-Scoring Worksheet which provides applicants with a walk-through of the 2024-2025 Self-Scoring Worksheet, an overview of each selection criteria, and changes since the last Multifamily Consolidated RFP/HTC funding round. The Self-Scoring Worksheet contains the selection criteria that applicants use to score their application in the Scoring Wizard found in the Multifamily Customer Portal
Training recording (01:23:15) |  Presentation slides [PDF]

Multifamily Customer Portal Tutorials

Visit the Multifamily Customer Portal Resources webpage to watch tutorials for the following topics:

  • What's new in 2023? - Learn about changes to the Apply for Funding Wizard, project checklists, and the Scoring Wizard to support the 2023 Consolidated RFP/HTC Round 1. 
  • Apply for Funding - Learn how to get started in the Portal. This tutorial also walks through how to find open funding rounds, create a project using the Apply for Funding Wizard and request project team access.
  • Intent to Apply - Learn what the Intent to Apply is and the steps you need to complete to meet the deadline. This tutorial also covers how to withdraw a project from consideration.
  • Project Checklist - Learn how to select project characteristics, manage checklist items, and submit a checklist.
  • Scoring Wizard - Learn how to use the Scoring Wizard to complete the self-scoring process.

Oldies but goodies: