Visit the Minnesota Housing website for applications and instructions for the Consolidated 2016 Multifamily and Single Family RFPs and 2017 Housing Tax Credits.

Available Resources

Housing Infrastructure Bond proceeds may be available (subject to Legislative approval) for both multifamily and single family housing. We will publish a final availability of funds notice after the legislative session ends on May 23.

Multifamily 

  • $12.9 million in 2017 Housing Tax Credits Round 1
  • Deferred loans on a competitive basis
  • Rental assistance and operating support:
    – 57 Section 811 Project-Based vouchers
    – 30 project-based Section 8 vouchers through Met Council/Metro HRA
    – VASH vouchers through St. Paul PHA (number contingent on HUD allocation)
    – National Housing Trust Fund Operating Subsidy for creation of new units providing permanent supportive housing
  • Amortizing first mortgages under HUD MAP programs Section 221(d) and 223(f), and the Low and Moderate Income Rental (LMIR) program. Applicants may indicate their interest through the RFP or by contacting us separately.
  • Senior Rental Housing Pilot initiative with deferred loan resources for up to one senior rental development with a services component

Funding Priorities

We will select the most appropriate funding for proposals that create or preserve housing that includes, but is not limited to the following priorities:

  • Affordable to the local workforce
  • Located in high opportunity areas
  • Located near transit
  • Responsive to needs of underserved populations
  • Furthers community recovery efforts
  • Part of a broader community vision
  • Tribally-sponsored
  • Permanent supportive housing

Applicants should review and analyze the Community Profiles data to help identify areas that fit these criteria. Multifamily applicants should also review the HTC Self-Scoring Worksheet and Deferred Loan Priority checklist.

Technical Assistance

We want to help you submit strong proposals. Please take advantage of the Technical Assistance opportunities below.

Multifamily

Due Dates and Selections

Applications must be received by Minnesota Housing by the following due dates to be eligible for funding consideration:

  • Section 811 Pre-Application: May 2, 2016 by 4:30 p.m.
  • Preservation Pre-Application: May 2, 2016 by 5:00 p.m.
  • Intent to Apply (required for all Multifamily applicants): June 2, 2016 by 5:00 p.m.
  • 2016 Multifamily RFP/2017 Housing Tax Credits Round 1: June 16, 2016 by 5:00 p.m.

All funding awards will be approved by the Minnesota Housing board. Funding partner proposal recommendations will be made at their respective board meetings.

Questions?

Multifamily

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