2022 Housing Tax Credit Program Round 2: Due March 25, 2022
Minnesota Housing is now accepting applications for Round 2 of the 2022 Housing Tax Credit (HTC) Program. We anticipate approximately $1 million in HTCs will be available, including $375,000 from the Rural Development (RD) set aside. The RD set-aside is carried forward to Round 2. If there are no eligible RD applications, the HTCs will be available to other projects. Additional deferred loan resources are not anticipated to be available in HTC Round 2.
Important Dates:
Supplemental Priority in Round 2
Projects that have previously received HTCs from Minnesota Housing or a Suballocator and have an annual HTC shortfall of at least 5 percent, but not more than 33.33 percent of the total qualified annual HTC amount, subject to Minnesota Housing approval, will have priority over other applicants in Round 2 and under the Waiting List. If more than one project qualifies under the supplemental priority, the Agency will evaluate and rank eligible requests according to points claimed in the Self-Scoring Worksheet.
More Information
Refer to the Application Resources webpage and Multifamily Application Instructions for details on how to apply.
HTC Questions? Visit the Housing Tax Credits webpage or email the Housing Tax Credit team at htc.mhfa@state.mn.us
Questions regarding the Pre-Application for Section 811? Contact Ellie Miller at 651.215.6236.
Reminder: Market Analyst List Applications: Due February 1
The Internal Revenue Code Section 42(m)(1)(A)(iii) requires Housing Tax Credit (HTC) projects to select an authorized market analyst to complete a market study when submitting an HTC project proposal for funding. Market analysts must be authorized by Minnesota Housing before developers submit market studies for the 2022 Multifamily Consolidated RFP/2023 HTC Round 1. Analysts not already authorized, or whose authorization expires March 1, 2022, must apply to Minnesota Housing by 12:00 p.m. CT on February 1, 2022 to be considered for authorization to submit a market study in the Multifamily Consolidated 2022 RFP/2023 HTC Round 1.
Minnesota Housing is now accepting new applications and renewals from analysts who wish to be added to the Market Analyst List. Current authorized analysts must renew their application every three years. If your organization is currently on the Market Analyst List, refer to the renewal date on the list. Renewal requests must be submitted by February 1 to allow time to review before the renewal deadline of March 1. Please refer to the materials below to apply:
For more information, visit the Housing Tax Credits webpage, under the “Additional HTC Application Reference Materials” section or email the Housing Tax Credit team at htc.mhfa@state.mn.us.
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