Minnesota Housing is now accepting applications for Round Two of the 2021 LIHTC Program. Approximately $1,119,000 in credits will be available, including $88,892 of credits set aside for Rural Development (RD) deals. The RD set-aside is carried forward to Round 2, and if there are no eligible applications, the housing tax credits will be available to other projects. Refer to the Multifamily Application Instructions for details on how to apply.
Projects that have previously received LIHTCs from Minnesota Housing or a Suballocator and have an annual LIHTC shortfall of at least five percent, but not more than 33.33 percent of the total qualified annual LIHTC amount, subject to Minnesota Housing approval, will have priority over other applicants in Round Two and under the Waiting List. If more than one project qualifies under the supplemental priority, the Agency will evaluate and rank eligible requests according to points claimed in the Self-Scoring Worksheet.
Important Dates
- Friday, February 12, 2021 by noon CST the following items are due:
- Intent to Apply which includes Site Control – submit via the Multifamily Customer Portal
- Fee Remittance Form, including supporting documentation – submit via the Multifamily Customer Portal
- Qualification forms and financial information – submit via the Multifamily Secure Upload Tool using the app@state.mn.us email address
- Friday, February 26, 2021 by noon CST: applications are due in the Multifamily Customer Portal.
Questions? Visit the Housing Tax Credits webpage or contact Nicola Viana at 612.296.8277.
