Community Stabilization: Naturally Occurring Affordable Housing – Multifamily Rental Housing Program
The Community Stabilization Program was established pursuant to Minnesota Laws 2023, chapter 37, article 1, section 2, subdivision 29 and Minnesota Laws 2023, chapter 37, article 2, section 6 as a one-time program to preserve Naturally Occurring Affordable Housing.
Minnesota Laws 2024, chapter 127, article 14, section 11 amended the appropriation for the Community Stabilization Program, specifying that $41,750,000 is to be used for multifamily rental housing. The $41,750,000 will be distributed as loans through a competitive Community Stabilization: Naturally Occurring Affordable Housing – Multifamily Rental Housing Program (NOAH Multifamily Program) request for proposals (RFP) process.
The NOAH Multifamily Program RFP is closed
Minnesota Housing anticipates presenting the NOAH selection recommendations to the board of directors in December 2025 and announcing funding selections in early 2026.
Archive
eNews Information
Sign up to receive our eNews to receive timely updates about the Community Stabilization: Naturally Occurring Affordable Housing – Multifamily Rental Housing Program.