Housing Tax Credits
The Low Income Housing Tax Credit (HTC) Program awards and allocates federal tax credits to owners of qualified affordable rental housing projects. These HTCs, which offer a 10-year reduction in tax liability, are sold to investors in exchange for capital to build eligible affordable rental housing units in new construction, rehabilitation, or acquisition with rehabilitation.
Minnesota Housing offers two types of HTCs: 9% and 4% with Tax-Exempt Volume-Limited Bonds
The 9% HTCs are allocated twice a year through a competitive process:
- During Round 1, also known as the annual Multifamily Consolidated RFP/HTC Round 1, when much of our other funding is also available, and
- During Round 2, which is generally a smaller round allocating the remaining available HTCs for the year.
The 2024 Housing Tax Credit Round 2 is now closed. Visit the Consolidated RFP Round 2 webpage for more information.
4% HTCs with Tax-Exempt Volume-Limited Bonds are available year-round. Minnesota Housing is currently accepting pre-applications for an award of 2024 4% HTCs (4% Only) for projects anticipated to be financed with tax-exempt volume limited bonding authority from Minnesota Management and Budget (MMB). Full applications will be accepted beginning Tuesday, January 9, 2024. Learn more about the 4% Housing Tax Credit (4% Only) program.
Applicants for HTCs must apply using the Multifamily Customer Portal. Resources and relevant documents are listed below and on the Multifamily Consolidated RFP/HTC Funding Rounds webpage. To receive notification of application updates and reminders via email, sign up to receive our eNews publications.
2025 HTC Documents
- 2024-2025 Qualified Allocation Plan (QAP) (pdf)
- 2024-2025 Self-Scoring Worksheet (pdf)
- Methodology Guide: 2024 Consolidated RFP/2025 HTC
- Visit our Community Profiles Webpage for an interactive geographic scoring map.
- 2025 Estimated HTC Distribution
- Underwriting Standards
2024 HTC Documents
- 2024 Estimated HTC Distribution
- Scoring Guide: 2023 Consolidated RFP/2024 HTC
- Methodology Guide: 2023 Consolidated RFP/2024 HTC (pdf)
- Visit our Community Profiles Webpage for an interactive geographic scoring map
- 2024 HTC Declaration of Land Use Restrictive Covenants (LURA)