Minnesota

The Minneapolis City Council voted 12-1 to endorse Minneapolis 2040 – The City’s Comprehensive Plan, with 22 policy recommendations, each with action steps, that are specific to housing.

2019 Housing Tax Credit Program Round 2 Due January 31, 2019 Minnesota Housing is now accepting applications for Round 2 of the 2019 Housing Tax Credit (HTC) Program. There is approximately $406,000 in tax credits available; $93,000 in the Rural Development/Small Project set-aside (RD set-aside) and $313,000 in the unified pool. The RD set-aside is […]

The Minnesota Legislature provided $80 million of HIB proceeds in the 2018 bonding bill. Minnesota Housing is targeting roughly $60 million in HIB proceeds for the 2019 Request for Proposal (RFP)/2020 Qualified Allocation Plan (QAP). The remaining amount has either been allocated in the 2018 RFP, or will be set aside for preservation, community land […]

The State of Minnesota is developing its Consolidated Annual Performance and Evaluation Report (CAPER) and Performance Evaluation Report (PER) for 2018. The State submits its CAPER to the U.S. Department of Housing and Urban Development (HUD) annually as one of the conditions of receiving federal housing and community development funding through the Community Development Block […]

Minnesota Housing and our funding partners are pleased to announce an investment of more than $87.5 million for developments that will create and preserve more than 1,700 affordable homes across Minnesota. This year’s selected projects include workforce housing in Greater Minnesota, suburban new construction, single family homeownership opportunities and proven models for supportive housing. At a press conference […]

Minnesota Housing Finance Agency released a draft 2019 Affordable Housing Plan (AHP) for public comment. The 2019 AHP will be MNFA’s business plan for the upcoming year, outlining program and policy initiatives for the year and resources to be allocated. Your feedback is critical for developing an effective plan. Submit your comments to mn.housing@state.mn.us by 2:30 p.m. on Friday, September 7. […]

On May 30, Governor Mark Dayton signed into law the omnibus bonding bill (HF 4425). The bill authorizes Minnesota Housing to issue additional Housing Infrastructure Bonds (HIBs), approximately $60 million of which will be made available to applicants for the 2018 Consolidated RFP.

Minneapolis Mayor Jacob Frey has proposed a new pilot program which would extend the 4d classification to unsubsidized properties. Landlords could receive a 40% property tax discount for offering at least 20% of their units as affordable (60% AMI or less) and keep the units affordable for at least 10 years.

Read on for the latest tax credit developments in Minnesota.

New requirements will be implemented, effective April 2019.

Minnesota Housing is offering online and in-person sessions for you to learn more about Minnesota Housing’s 2020 Qualified Allocation Plan (QAP), which will govern how 2020 Housing Tax Credits are awarded to developments. The QAP is published a year in advance of applications being due to give communities and developers sufficient time to effectively align […]

The Minnesota Department of Employment and Economic Development, Minnesota Housing, and the Minnesota Department of Human Services are accepting comments on the following documents from January 31-March 2, 2018: Analysis of Impediments to Fair Housing This study is part of HUD’s requirement in the Federal Fair Housing Act to affirmatively further fair housing choice and […]