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Policy and Community Development

Legislative Updates

2019 Budget

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Income Averaging

Minnesota Housing has published guidance for the use of income averaging with the Housing Tax Credit (HTC) Program. The guidance specifies eligibility details and supporting documentation requirements for the use of income averaging with HTC projects with and without additional Minnesota Housing deferred loan financing for:
  • New HTC applications beginning with Round 2 of the 2019 HTC Program, and
  • Previously selected HTC projects that have not yet filed Form 8609 with the IRS
To learn more about income averaging, resources are available on the Novogradac website. You can also check out the FAQs prepared by the National Council of State Housing Agencies (NCSHA).

Collaborate with Us

As the state's housing finance agency, we know affordable housing is an essential part of your city's infrastructure and the foundation for success for all Minnesotans. From helping families buy and fix up their homes to supporting local workforce housing needs, we'll work with you to provide opportunities across the housing continuum in your city. Talk to us about:

Contact Ryan Baumtrog to learn more.