Housing Tax Credit Round 2

Minnesota Housing will begin accepting 2025 Housing Tax Credit (HTC) Round 2 applications on Monday, December 23, 2024. We anticipate over $800,000 in HTCs will be available. We will also be accepting applications for the United States Housing and Urban Development (HUD) Section 811 Project-Based Rental Assistance Program (HUD Section 811 PRA).

Refer to the Application Materials webpage for details on how to apply. Policy and guidance documents, including the Multifamily Request for Proposals (RFP) Standards, can be found under the Application Resources section of the Multifamily Consolidated Request for Proposals/Housing Tax Credits Funding Rounds webpage.

Important Dates:

• Monday, December 23, 2024: 2025 Round 2 applications will open in the Multifamily Customer Portal. There is no Intent to Apply for Round 2.
• Thursday, January 30, 2025: pre-applications for HUD Section 811 PRA are due via the Multifamily Customer Portal by noon Central Time.
• Thursday, February 13, 2025: 2025 HTC Round 2 applications are due via the Multifamily Customer Portal by noon Central Time.
• Thursday, May 22, 2025: projects are expected to be recommended for selection at the Minnesota Housing board meeting.

We encourage you to stay informed about Round 2 and other funding opportunities by subscribing to our eNews.

Closed application resources and materials are for reference only. Visit the Multifamily Consolidated Request for Proposals/Housing Tax Credits Funding Rounds webpage.

Projects that have previously received HTCs from Minnesota Housing or a suballocator and have an annual HTC shortfall of at least 5%—but not more than 33.33% of the total qualified annual HTC amount, subject to Minnesota Housing approval—will have priority over other applicants in Round 2 and those on the waiting list.

If more than one project qualifies under the supplemental priority, the Minnesota Housing will evaluate and rank eligible requests according to points claimed in the Self-Scoring Worksheet.