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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.

Eventual Tenant Ownership Guide

DRAFT Eventual Tenant Ownership (ETO) Guide - DRAFT coming soon - Allows property owners to convert housing tax credit rental units to homeownership units following the initial 15-year Compliance Period.

2017 Qualified Allocation Plan - Planning for 2016 Funding Round

Note: these documents intentionally have changes tracked. 2017 QAP documents were revised based on public comments and are now available for planning purposes for applications to be submitted in the summer of 2016.
2016 Procedural Manual and Documents
Application Materials
Procedures for 2015 Carryover of Housing Tax Credits
Procedure for Final Housing Tax Credit Allocation Certification - IRS Form 8609 and Section 1602 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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