Qualified Allocation Plan and Consolidated Request for Proposals Funding Priorities:
Development Timeline and Engagement Opportunities
Minnesota Housing is pleased to share our anticipated timeline and engagement opportunities for the development of our 2024-2025 Qualified Allocation Plan (QAP) and 2023-2024 Consolidated Request for Proposals (RFP) funding priorities.
Minnesota Housing's QAP is the document that describes how Low Income Housing Tax Credits (HTC) are distributed to multifamily rental projects. The QAP combines state and federally legislated requirements as well as priorities from the Minnesota Housing Strategic Plan. The 2024-2025 QAP sets the overall 2023 and 2024 Consolidated RFP funding priorities.
The annual Consolidated RFP is the competitive process used to select multifamily rental projects that may receive 9% HTCs and deferred loans to construct or preserve rental homes that are affordable.
General Timeline | Policy Areas of Interest for Early Feedback
Save the Dates - Virtual Regional Housing Forums | More Information
General Timeline
In the coming months, Minnesota Housing will lead and participate in several engagement opportunities that will gather input from a variety of stakeholders including local units of government, community-based organizations, economic development organizations, state agencies, funding and collaborating partners, developers, and communities most impacted by housing needs. Our outreach plan has two phases:
- Phase One will happen in November through January. See the Save the Dates section below for opportunities to share input. Look for upcoming QAP eNews to register for engagement opportunities. Information and ideas gathered from these engagement events will guide the content of the first draft of the QAP that we anticipate making available for public comment in early summer 2022.
- Phase Two will occur after the initial release in early summer 2022. We will provide additional opportunities for further input before we finalize the QAP at our board meeting in late fall 2022.
Policy Areas of Interest for Early Feedback
Minnesota Housing is interested in your early feedback on the following policy priorities:
- How best to continue to prioritize communities most impacted by housing instability and housing disparities.
- Further steps we can take towards racial equity and inclusion in our policies and procedures.
- How best to continue focusing on ending homelessness in Minnesota and the role of Coordinated Entry regarding that focus.
- Creating economic opportunities for communities that will benefit most from housing development work.
- How to continue to achieve deeper and longer term affordability.
- How to clarify and/or simplify existing selection criteria and the application process.
We invite early feedback and comment on these or other policy priorities by Friday, December 31, 2021 before we develop the next draft of the QAP. Email your comments directly to the HTC team at htc.mhfa@state.mn.us.
Please note: there will be more opportunities for public comment once a more formal draft of the QAP is released, which is expected by early summer 2022.
Save the Dates: Virtual Regional Housing Forums
After two forums last spring with a southern Minnesota focus, Greater Minnesota Housing Fund (GMHF) and Minnesota Housing are partnering to offer three virtual forums with regional focuses. Minnesota Housing will also offer one general information session open to all partners, cities and industry professionals throughout the state.
Please save these dates and stay tuned for upcoming registration details. See the Policy Areas of Interest for Early Feedback section to share comments with our team directly.
- Central Minnesota Region: Friday, November 19, 9:00 a.m. to noon.
- Northwest Minnesota Region: Wednesday, December 8, 9:00 a.m. to noon. Registration coming soon.
- Northeast Minnesota Region: Thursday, December 9, 9:00 a.m. to noon. Registration coming soon.
- QAP and Funding Priority Information Session (all partners in all regions are invited): Wednesday, December 15, 10:30 a.m. – 12:00 p.m. Registration coming soon.
More Information
We encourage you to sign up to receive email updates about the development of the QAP and Consolidated RFP funding priorities including future opportunities for input.
Questions? Reach out to the HTC team at htc.mhfa@state.mn.us.
|
