Instructions: Projects that have received an initial award of 9% Housing Tax Credits (HTCs) must execute a Carryover Agreement or obtain an issuance of the 8609 by the end if the allocation year.  This form is required to indicate whether you intend to submit a Carryover application or an 8609 application.   Complete and return the form by August 1, 2022. Submit via the Multifamily Customer Portal  in the Project Documents: Customer => Carryover Agreement.

	Carryover Application by November 1, 2022 and execution of a Carryover Agreement with Minnesota Housing before December 31, 2022.		8609 Application by November 1, 2022 and issuance of Internal Revenue Service (IRS) Form 8609(s) before December 31, 2022.	

Submit your full carryover application via the Multifamily Customer Portal. Hard copies will not be accepted. Refer to the Minnesota Housing Qualified Allocation Plan and Reservation Agreement , for requirements to obtain a Carryover Allocation or issuance of IRS Form 8609, respectively. These requirements must be fully met, and the applications for Carryover or 8609 must be fully reviewed and processed before Minnesota Housing will issue any related Carryover Allocation or IRS Form 8609.

The undersigned acknowledges that the information in this form derived from the owner and the project schedule will be used by Minnesota Housing to more closely track the progress of housing tax credit (HTC) developments as they approach deadlines for either obtaining 8609s or executing into a Carryover Agreement with Minnesota Housing.

The undersigned also acknowledges and understands that any project that has received a reservation of HTCs is eligible to apply for a Carryover Allocation of  HTCs. A Carryover Allocation reserves the HTCs to the project, provided that all requirements of the Carryover Allocation Agreement are met in a timely manner. A Carryover Allocation Agreement allows qualified buildings to be placed in service up to two years after the year in which an allocation is received. A project that has not received a Carryover Allocation or is not placed in service and issued appropriate 8609s before December 31 of the allocation year will lose its entire allocation of 2022 HTCs.

Completed By Owner
		
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