While Minnesota Housing just announced its 2021 funding selections and advancements in January, it’s already time for you to start thinking about and planning for the 2022 Multifamily Consolidated Request for Proposals and 2023 Housing Tax Credits Round 1. Please review the following information and important dates.
Also included in this eNews is information related to the Section 811 Project-based Rental Assistance (PRA) Program and the selection preference for Innovative Construction Techniques.
In this eNews:
2022 Multifamily Consolidated Request for Proposals/2023 Housing Tax Credits Round 1 Application Dates Save the Date: 2022 Multifamily Consolidated RFP/2023 HTC Round 1 Kickoff Event Section 811 Project-based Rental Assistance (PRA) Program Preference for Innovative Construction Techniques Questions about the Consolidated RFP/HTC Round 1? Shopping for a First Mortgage or Thinking about Refinancing?
2022 Multifamily Consolidated Request for Proposals/2023 Housing Tax Credits Round 1 Application Dates
The expected dates for the 2022 Multifamily Consolidated Request for Proposals (RFP)/2023 Housing Tax Credit (HTC) Round 1 are listed below.
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Wednesday, March 23: Early Release of key Consolidated RFP application materials and pre-application release for Innovative Construction Techniques and Section 811 PRA
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Wednesday, April 13: Consolidated RFP published and Intent to Apply and application materials available in the Multifamily Customer Portal
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Thursday, April 21 at noon: Pre-application for Innovative Construction Techniques and Section 811 PRA due
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Mid – May: Applicants will be notified of Innovative Construction Techniques and Section 811 PRA Program eligibility
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Thursday, May 19 at noon: Intent to Apply deadline – required for all Multifamily applications (date may change based on state legislative actions). Please be aware projects that do not meet this deadline will not be able to apply.
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Thursday, July 14 at noon: Multifamily application deadline
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December 15: Minnesota Housing board meeting to approve selections
Stay up to date on 2022 Consolidated RFP/2023 HTC Round 1 news and updates by signing up for our eNews list.
Save the Date: 2022 Multifamily Consolidated RFP/2023 HTC Round 1 Kickoff Event
In preparation for the 2022 Consolidated RFP/2023 HTC Round 1, Minnesota Housing will host a virtual RFP and Technical Assistance Kickoff event on Tuesday, April 19 and Wednesday, April 20:
- April 19: We will focus on emerging developers and those that are new to the Minnesota Housing Consolidated RFP.
- April 20: We will focus on important program updates and guidance to help you prepare your Consolidated RFP application.
More information and registration will be available later this month. There is no cost to attend.
Section 811 Project-based Rental Assistance (PRA) Program
Section 811 PRA is a program of the U.S. Department of Housing and Urban Development (HUD) for project-based rental assistance for supportive housing that serves people with disabilities. The purpose of Section 811 PRA is to expand the supply of supportive housing that promotes and facilitates community integration for people with significant and long-term disabilities. In partnership with the Minnesota Department of Human Services, Minnesota Housing was awarded funding for approximately 160 new units of PRA.
Section 811 PRA is available for units for people with disabilities through the 2022 Consolidated RFP. Applicants must submit a Section 811 PRA pre-application to determine eligibility for the program prior to submitting a full Consolidated RFP application. Applicants will be notified about eligibility for the program prior to the application due date. More information about the program can be found on the Section 811 webpage. More information regarding the pre-application will be released this month.
For questions about Section 811, contact Ellie Miller at ellie.miller@state.mn.us
or 651.251.6236.
Preference for Innovative Construction Techniques
Minnesota Housing is offering a selection preference for projects that will use Innovative Construction Techniques (ICT). To be eligible for this selection preference, a pre-application is required for projects that will achieve or will pilot a technique to achieve one or both of the following goals:
- Reduce total construction costs by at least 10%, and/or
- Reduce the time a project is under construction by at least 20%
Refer to the 2022-2023 Self-Scoring Worksheet for additional details on how the preference will be used to evaluate different project proposal types that apply in the Multifamily Consolidated RFP, and how the preference will be used in accordance with the 2022-2023 Qualified Allocation Plan and the Consolidated RFP Application Instructions. More information regarding the pre-application will be released this month.
For questions about ICT, contact Mike Thomas at mike.thomas@state.mn.us or 651.276.1170.
Questions about the Consolidated RFP/HTC Round 1?
Shopping for a First Mortgage or Thinking about Refinancing?
Minnesota Housing wants to work with you for all your multifamily first mortgage needs! Our Low and Moderate Income Rental (LMIR) first mortgages have terms up to 40 years for new construction or 35 years for rehab or refinance. Our first mortgages are available year-round.
View our current interest rates and term sheets to learn more about what we offer.
Contact Caryn Polito to get started.
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