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Housing Tax Credits

The Low-Income Housing Tax Credit (HTC) Program is a financing program for qualified residential rental properties. The HTC program offers investors a 10-year reduction in tax liability in exchange for capital to build eligible affordable rental housing units in new construction, rehabilitation, or acquisition with rehabilitation.

2020 Qualified Allocation Plan

In preparation for the 2020 update of our Qualified Allocation Plan (QAP) for Low Income Housing Tax Credits, Minnesota Housing has created a timeline for developing potential changes, clarifications, and enhancement to our QAP. As we begin developing the 2020 QAP, we want to share our ideas about areas for further review, and get your feedback. Recognizing all of the work that went into streamlining efforts resulting in the 2019 QAP, we want to focus only on critical policy changes and important clarifications to make sure that the 2020 QAP meets our policy priorities. Read our 2020 QAP eNews for more information and options to give feedback.

Learn more about the QAP

If you’re new to the Housing Tax Credit and QAP process, view a recorded webinar that was hosted by Minnesota Housing in May. The Webinar includes a high level overview of the QAP and potential 2019 QAP changes, along with the recorded Question and Answers session that was held during the webinar. It is designed for community members and stakeholders who are interested in the strategic and policy direction of the QAP.

Amended 2018 Procedural Manual and Documents
Application Materials
HTC Application Reference Materials
Procedures for 2017 Carryover of Housing Tax Credits
Procedure for Final Housing Tax Credit Allocation Certification - IRS Form 8609

Previous Years Manuals, Qualified Allocation Plans, Declarations, Scoresheets, Design Standards and Important Dates

Compliance Monitoring
Housing Tax Credit Compliance - Overview, Dates, Manual, Owner and Tenant Certification Forms

Changes in Ownership or Proposed Development
Minnesota Housing strongly discourages the transfer of ownership or any material project or building design changes for developments that have been awarded tax credits. Any unapproved transfers or changes could be penalized by the complete or partial loss of tax credits as well as the assessment of penalty points. If an owner wishes to change or transfer ownership, the following forms must be submitted to Minnesota Housing for approval along with a transfer fee and the other documentation described in the Procedural Manual, Chapter 2.
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