2021 HTC Carryover applications must be submitted in Minnesota Housing's Multifamily Customer Portal (Portal). Project owners apply for carryover by submitting the required application, attachments and verification documents to Minnesota Housing in an acceptable form. The carryover application and all required documentation must be submitted to Minnesota Housing no later than 12:00 p.m. on November 1, 2021. (If this date is not a business day, then the next calendar business day applies.).
To the extent permissible, late fees will be imposed on carryover applications submitted after the submission deadline as provided in the 2021 Housing Tax Credit Program Procedural Manual.
The documents on this page are listed here for reference purposes and do not reflect the full list of required documents. If you are applying for Carryover, please use our Multifamily Customer Portal.
Additional Requirements for Average Income Testing (AIT)
- AIT Guidance
- Syndicator/Investor letter of approval referencing the specific rent and income tiers is required.
- Permanent lender(s) letter of approval referencing the specific rent and income tiers is required.
- Bond issuer letter of approval referencing the specific rent and income tiers is required. If Minnesota Housing is the bond issuer, Minnesota Housing approval is required and requests will be considered on a case by case basis.
- Updated Market Study - see revised Market Study Guidelines
- AIT Election/Certification Form
- Income and Rent Grid
- Updated Multifamily Workbook
If you have any questions or need additional information, please contact any member of the tax credit team at HTC.mhfa@state.mn.usMaking Final CPA 10% Certification for 2021 Housing Tax
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