Minnesota Housing published guidance for the use of income averaging with Low Income Housing Tax Credit (LIHTC) properties. Eligible properties include new LIHTC applications beginning with Round 2 of Minnesota Housing’s 2019 LIHTC Program and previously selected LIHTC projects that have not yet filed Form 8609 with the IRS.
Minnesota Housing also plans to publish updated submission documentation materials. For more information, contact Summer Jefferson at 651-296-9790.
The Rural Housing Service (RHS) Office of the Multifamily Housing announced an updated Form RD 3560-8 Tenant Certification for the July 1, 2025 implementation of the changes to income and asset calculations due to the Housing Opportunity Through Modernization Act (HOTMA).
Gov. Tina Kotek released the Governor’s Recommended Budget (GRB), detailing her vision to build on housing progress.
Oregon Housing and Community Services (OHCS) unveiled the first State of the State’s Housing Report for Oregon, providing an in-depth analysis of housing availability and affordability across the state.
Oregon Housing & Community Services is funding the creation, preservation and rehabilitation of more than 400 affordable homes across the state. These homes will help fill the need for housing for Oregonians with low incomes, including seniors, youth, and Black, Indigenous, and People of Color (BIPOC) communities.