Minnesota Housing is pleased to announce the availability of up to $39 million in Workforce Housing Development Program (WHDP) deferred funding, which is all the funding available for 2023/2024 for the WHDP. Funds are available to build market-rate residential rental properties in communities with proven job growth and demand for workforce rental housing. Communities are required to secure funds that match one dollar for every two dollars in funding offered through the WHDP. These funds will be administered through a competitive Request for Proposals (RFP) process and application materials are now available.
Applications are due Tuesday, April 30, 2024, by noon CT. Applicants must submit all required items on the Application Checklist and all other required materials using the Multifamily Secure Upload Tool, which can be found on Minnesota Housing’s Partner Login webpage. Follow the prompts and use the email address mhfa.app@state.mn.us.
WHDP funds are available as unsecured, zero-interest, three-year deferred forgivable loans. Learn more and access application materials on Minnesota Housing’s Workforce Housing Development Program (WHDP) webpage.
