Support Housing and Qualify for a Tax Credit

The new State Housing Tax Credit Program and Contribution Fund allows taxpayers to invest in housing across the state. 

When you contribute, you support housing for all Minnesotans and can qualify for a state tax credit of 85% of your contribution!  

People or businesses that pay Minnesota taxes and meet eligibility requirements can contribute.

Contributions must be at least $1,000 and cannot exceed $2 million each tax year.

Contributions will be used to develop and fund affordable housing throughout Minnesota. 

Your contributions can go to:

• The General Contribution Pool
  • Awarded to cities, federally recognized American Indian tribes, developers, nonprofits, public housing authorities and more
• A Qualified Project

During the application process, you can select where you'd like your contribution to go. 

Complete the online application by 5 p.m. Central Time on Friday, December 6, 2024.

After you submit your application and your application is accepted, you will:

• Receive an email with payment instructions and documents to sign
• Submit signed documents and contribution funds by 3 p.m. Central Time on Tuesday, December 31, 2024
• Receive a tax credit certificate within 30 days of Minnesota Housing receiving the signed documents and funds 

If your application is not accepted, you will be notified with the reason why your application was declined.

2024 state housing tax credits will be issued on a first-come, first-served basis. If a taxpayer submits a timely application and the requests for tax credits exceed $9.9M, Minnesota Housing will notify the applicant and withdraw the application.

The Minnesota Department of Revenue provides information on their website regarding claiming the credit. Instructions are also provided with the tax credit certificate. 

Note: Minnesota Housing does not provide tax advice and recommends consulting with a tax professional. 

For questions about contributing, read our Frequently Asked Questions 

For questions about the program, visit the State Housing Tax Credit and Contribution Fund program page.