Housing Tax Credit

Minneapolis is a suballocator of nine percent and four percent Housing Tax Credits (HTCs).

The City of Minneapolis (through its role in the Minneapolis/St Paul Housing Finance Board) is a Suballocator of 9% and 4% Housing Tax Credits (HTCs). The City solicits applications for 9% HTCs through an annual Notice of Funding Availability (details below). The City allocates 4% HTCs in conjunction with an issuance of Housing Revenue Bonds. HTC program materials and forms can be found at the links below.

Year 2022 9% Housing Tax Credits: 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 2021. Please submit a SharePoint access form. For assistance with the form, please contact Hanna Bekele.

Funding proposals are due by 4:00 p.m., CDT, on August 3, 2021 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.

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

2022 NOFA Developer Letter – a copy of the letter that was sent to known tax credit developers announcing this year's Notice of Funding Availability.

Interested applicants 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 with questions.

Online information from the City of Minneapolis Community Planning and Economic Development.

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Contact us

Hanna Bekele

Community Planning & Economic Development

Phone

612-673-5193

Address

Public Service Building
505 Fourth Ave. S., Room 320
Minneapolis, MN 55415

Amy Geisler

Community Planning & Economic Development

Phone

612-673-5038

Address

Public Service Building
505 Fourth Ave. S., Room 320
Minneapolis, MN 55415

Community Planning & Economic Development (CPED)

Phone

612-673-5095

Address

Public Service Building
505 Fourth Ave. S., Room 320
Minneapolis, MN 55415