2021 Housing Tax Credit Notice of Funding Availability

The City of Minneapolis is soliciting development funding proposals for the 9% Housing Tax Credit (HTC) Program. The program offers a reduction in tax liability to owners and investors in eligible low-income new construction, rehabilitation and/or acquisition of existing rental buildings.

Applications will be submitted via SharePoint for 2020. Please contact Hanna Bekele at your earliest convenience for access. A project application will be created for all required 9% HTC materials to be uploaded and submitted. To request SharePoint access, applicants must include the email addresses for all team members that will need access to the application folder, the project name, and the project address.

Funding proposals are due by 4:00 p.m., CDT, on July 31, 2020 at which time SharePoint permissions will be removed. The City has the right to reject any and all applications at its sole discretion. Questions regarding this NOFA or the HTC Program should be directed to Amy Geisler at 612-673-5038.

NOTE: Current HOUSING TAX CREDIT PROGRAM COMPLIANCE MANUAL as well as other relevant tax credit compliance information is available at Affordable Housing Connections.

Application materials

2021 HTC Developer Letter – a copy of the letter that was sent to known tax credit developers announcing this year's Notice of Funding Availability.

Interested developers should review the HTC Manual and Qualified Allocation Plan and all additional materials:

Carryover, Placed in Service, and Additional HTC Exhibits:

Please note that, though it is not anticipated, these materials are subject to change without notice.

Please contact Amy Geisler at 612-673-5038 with questions.
 

Online information from the City of Minneapolis at MinneapolisMN.gov/CPED 

 

Last updated May 14, 2020

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