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.
Quick Links:
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Qualified Allocation Plan (QAP) - This page has basic information about the QAP process and history only. Scroll down for the current QAP and supporting documents.
Housing Tax Credit Extensions During COVID-19
Thank you for your partnership and dedication to providing rental homes that are affordable to those that need it most during these uncertain times. Read this eNews for more information about Housing Tax Credit extensions that can requested by eligible projects.
Apply for Housing Tax Credits
9% HTCs are allocated twice per year during the Consolidated RFP with much of our other funding, and during a Round 2 RFP that is also competitive. 4% HTCs are also available year round. You must apply for HTCs using our Multifamily Common Application in the Multifamily Customer Portal. Some of the documents are listed for reference on the Application Resources web page.
2022-2023 HTC Qualified Allocation Plan (QAP)
2022-2023 Self-Scoring Worksheet
Summary of Approved Content Changes
Summary of Approved Changes Resulting from Public Comments
2022-2023 Methodologies:
- Methodology Table
- Need for More Affordable Housing Options
- Opportunity Zones
- Transit and Walkability
- Multifamily Award History
- Rural/Tribal Designated Areas
- Qualified Census Tracts, Tribal Equivalent Areas
- Workforce Housing Communities
- Continuum of Care (CoC) Priorities
Please visit our Community Profiles webpage for an interactive geographic scoring map.
2022 HTC Documents
2022 Estimated HTC Distribution
2021 RFP/2022 HTC Scoring Guide
Innovative Construction Techniques Guidance
Underwriting Standards - Will be posted early 2022
Underwriting Standards - Effective for applications submitted after 4.14.21
2022 HTC Design and Construction Standards
2022 Final Point Ranges - will be posted December 2021
2022 HTC Declaration of Land Use Restrictive Covenants (LURA) - coming soon
2022 HPH Rider - coming soon
2021 HTC Program Procedural Manual and Documents
2021 Estimated HTC Distribution
2021 QAP Summary of Approved Content Changes
2021 HTC Program Procedural Manual
2021 Methodologies:
- Access to Higher Performing Schools
- Economic Integration
- Cost Containment
- Location Efficiency
- Rural/Tribal Designated Areas
- Qualified Census Tracts, Tribal Equivalent Areas
- Workforce Housing Communities
- Continuum of Care (COC) Priorities
Please visit our Community Profiles webpage for an interactive geographic scoring map.
2021 HTC Self-Scoring Worksheet (xlsm)
The table of contents feature was removed in the 2021 HTC Self-Scoring Worksheet because of compatibility issues across Microsoft versions. Hit Ctrl +F to use Excel’s search feature to jump to section headers instead. We apologize for the inconvenience. If using Firefox, you may be prompted to open the file or save the file. Please use “Save As” option to download these files, rather than “Open.”
2021 HTC and 2020 Deferred Scoring Guide
2021 HTC Self-Scoring Worksheet - Competitive Funding Round (pdf) Not for submittal. Document is for reference only.
2021 HTC Self-Scoring Worksheet - 4% Only (pdf) Not for submittal. Document is for reference only.
Underwriting Standards - (revised 4.2021) Effective for applications submitted after 4.14.2021
Underwriting Standards (revised 2.2020) - Effective for applications submitted after 4.2.2020
2021 HTC Design and Construction Standards
2021 Cost Containment Thresholds
2021 HTC Declaration of Land use Restrictive Covenants (LURA)
Previous Years Manuals, Qualified Allocation Plans, Declarations, Scoresheets, Design Standards and Important Dates
2008 through 2020 Procedural Manuals and Documents
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, contact Minnesota Housing’s Request for Action (RFA) team for more information. To contact the RFA team, visit the Servicing Requests webpage.