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The 2024 Multifamily Consolidated Request for Proposals (RFP)/2025 Housing Tax Credits (HTC) Round 1 will be open for applications in less than 30 days! In this eNews, learn more about early release of the application materials, sign up for trainings, intent to apply updates and much more!
In this eNews
In Case You Missed It
2024 Multifamily Consolidated RFP/2025 HTC Round 1 Application Dates
The 2024 Multifamily Consolidated RFP/2025 HTC Round 1 are listed below and on the Multifamily Consolidated RFP/HTC Funding Rounds webpage.
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Wednesday, March 20: 2024 Multifamily Consolidated RFP/2025 HTC Round 1 early application materials release; pre-application release for the United States Department of Housing and Urban Development (HUD) Section 811 Project Rental Assistance (PRA) Program and preference for Innovative Construction Techniques (ICT)
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Wednesday, April 10: All 2024 Multifamily Consolidated RFP/2025 HTC Round 1 application materials available on the Multifamily Consolidated RFP/HTC Funding Rounds webpage and in the Multifamily Customer Portal; Intent to Apply is available to submit
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Tuesday, April 16 and Wednesday, April 17: 2024 Multifamily Consolidated RFP/2025 HTC Round 1 Kickoff Event
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Tuesday, May 7 at noon Central Time: Intent to Apply deadline – required for all 2024 Multifamily Consolidated RFP/2025 HTC Round 1 applications
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Friday, May 10: Deadline to contact the Request for Action (RFA) team if a preservation project has existing Minnesota Housing debt that you want counted under Financial Readiness to Proceed/Leveraged Funds and Other Contributions selection criteria in the Self-Scoring Worksheet
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Thursday, May 30 at noon Central Time: Pre-applications for HUD Section 811 PRA Program and ICT selection preference due in the Multifamily Customer Portal
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Thursday, July 11 at noon Central Time: 2024 Multifamily Consolidated RFP/2025 HTC Round 1 applications due in the Multifamily Customer Portal
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December: Selection recommendations presented at Minnesota Housing board members meeting
Stay up to date on 2024 Multifamily Consolidated RFP/2025 HTC Round 1 news and updates by signing up for our eNews list or email mhfa.consolidated.rfp@state.mn.us.
Early Release: Application Materials Now Available!
The 2024 Multifamily Consolidated RFP/2025 HTC funding rounds application documents have been re-released on Minnesota Housing’s Multifamily Consolidated Request for Proposals/Housing Tax Credits Funding Rounds webpage. Refer below for the list of 2024 Multifamily Consolidated RFP/2025 HTC Round 1 early release documents that will allow applicants to start the application process early.
Documents indicated as “revised” are annual application documents and will need to be updated when completing and submitting your application. Learn about the application materials updates in our March 5 eNews, and attend the second session of the 2024 Multifamily Consolidated RFP/2025 HTC Round 1 Virtual Kickoff Event for more information.
Pre-Application Materials
- Innovative Construction Techniques Pre-Application (revised)
- HUD Section 811 PRA Pre-Application (revised)
General Documents
- 2024 Multifamily Workbook (revised)
- 2024 Multifamily Workbook Release Notes (revised)
- Troubleshooting the Multifamily Workbook (revised)
- All Qualification Forms
Supportive Housing Documents
- Service Provider Qualification Form
- Housing Support Funding Commitment Letter (as applicable) (revised)
- Partially Supportive Housing Application:
- Partially Supportive Housing Certification Form (revised)
- Notification to the Continuum of Care (CoC) and Human Services (revised)
- HUD Section 811 PRA Narrative (as applicable) (revised)
- Primarily Supportive Housing Application:
- Continuum of Care (CoC) Confirmation Form (revised)
- Supportive Housing Narrative (revised)
Coming Soon
The following 2024 Multifamily Consolidated RFP/2025 HTC Round 1 guidance documents and application materials will be released on or before Wednesday, April 10, 2024.
- Multifamily RFP Standards
- Scoring Guide
- Methodology Guide
- Multifamily Fee Remittance Form
- Bond Tests Analysis
Questions?
Contact mhfa.consolidated.rfp@state.mn.us.
Pre-Application Materials Now Available: HUD Section 811 Project-Based Rental Assistance Program
The HUD Section 811 PRA Program is designed to expand the supply of supportive housing that promotes and facilitates community integration for people with significant and long-term disabilities.
HUD Section 811 PRA Program funds will be available for units for people with disabilities through the 2024 Multifamily Consolidated RFP/2025 HTC Round 1. Awards are contingent on funding availability. Applicants need to apply and be selected for capital funding through the Multifamily Consolidated RFP/HTC Round 1 to be eligible for HUD Section 811 PRA. Applicants cannot apply for only HUD Section 811 PRA funding in the Multifamily Consolidated RFP/HTC Round 1.
Pre-Application Information, Deadline and Materials
The Multifamily Customer Portal will be open for pre-application starting on April 10. Applicants must submit the HUD Section 811 PRA Pre-Application to determine eligibility for the program prior to submitting a full 2024 Multifamily Consolidated RFP/2025 HTC Round 1 application.
HUD Section 811 PRA pre-applications are due in the Multifamily Customer Portal by Thursday, May 30 at noon Central Time. Applicants will be notified about eligibility for the program on or before Wednesday, June 12, 2024.
Questions?
Visit Minnesota Housing’s HUD Section 811 PRA webpage or contact Ellie Miller at ellie.miller@state.mn.us.
Pre-Application Materials Now Available: Preference for Innovative Construction Techniques
Minnesota Housing is offering a selection preference for projects that will use Innovative Construction Techniques (ICT). Proposed projects must achieve, or pilot a technique to achieve, one or both of the following goals:
- Reduce total construction cost by at least 10%, and/or
- Reduce the time a project is under construction by at least 20%
All six of the conditions a proposed project must meet are outlined in the Innovation Construction Techniques Pre-Application Requirements.
Pre-Application Information, Deadline and Materials
The Multifamily Customer Portal will be open for pre-application starting on April 10. Applicants are required to submit a pre-application to be eligible for this selection preference. Refer to the 2024-2025 Self-Scoring Worksheet for additional details on how the preference will be used to evaluate different project proposal types that apply in the 2024 Multifamily Consolidated RFP/2025 HTC Round 1, in accordance with the 2024-2025 Qualified Allocation Plan and the 2024 Multifamily RFP Standards.
ICT pre-applications are due in the Multifamily Customer Portal by noon Central Time on Thursday, May 30, 2024. Applicants will be notified about eligibility for the selection preference on or before Wednesday, June 12, 2024.
Questions?
Contact Mike Thomas at mike.thomas@state.mn.us or 651.276.1170.
REGISTRATION NOW OPEN: 2024 Multifamily Consolidated RFP/2025 HTC Round 1 Virtual Kickoff Event
You are invited to the virtual Multifamily Consolidated RFP/HTC Round 1 Kickoff Event on April 16 and April 17. All potential applicants are encouraged to attend.
Virtual Kickoff Event: First Session
Tuesday, April 16, 2024
10 – 11:30 a.m. Central Time
This session will go over who Minnesota Housing is and provide an introductory overview of the Multifamily Consolidated Request for Proposals (RFP), which includes the process, programs and funding resources and selection considerations. The session will conclude with Q&A.
Virtual Kickoff Event: Second Session
Wednesday, April 17, 2024
9:30 – 11:30 a.m. Central Time
This session will go over updates regarding the Multifamily Consolidated RFP process and programs and will provide tips and tricks to help applicants submit an application. The session will conclude with Q&A.
If you're unable to attend either day, sessions will be recorded and available on Minnesota Housing’s Multifamily Consolidated Request for Proposals/Housing Tax Credits Funding Rounds. The Multifamily Consolidated RFP/HTC Round 1 Kickoff Event is not a replacement for project-specific technical assistance. Complete and submit a Technical Assistance Request Form.
Questions?
Contact mhfa.consolidated.rfp@state.mn.us or visit Minnesota Housing’s Multifamily Consolidated RFP/HTC Funding Rounds webpage.
REGISTRATION NOW OPEN: 2024-2025 Self-Scoring Worksheet Training
You are invited to attend a 2024-2025 Self-Scoring Worksheet virtual training session on Tuesday, April 23, 2024. All interested 2024 Multifamily Consolidated RFP/2025 HTC Round 1 applicants are encouraged to attend.
The Self-Scoring Worksheet contains the selection criteria that applicants use to score their application in the Scoring Wizard found in the Multifamily Customer Portal. It also sets the funding priorities that Minnesota Housing will use to prioritize applications requesting 9% HTCs, 4% HTCs and/or deferred funds that are selected through the Multifamily Consolidated RFP or on a pipeline basis for available financing that may be available throughout the year.
Virtual Self-Scoring Worksheet Training
Tuesday, April 23, 2024
10 – 11:15 a.m. Central Time
This training will provide a brief walk-through of the 2024-2025 Self-Scoring Worksheet with a focus on updates and clarifications to common mistakes and tips and tricks.
This year’s training will be recorded and posted on Minnesota Housing’s Multifamily Consolidated Request for Proposals/Housing Tax Credits Funding Rounds webpage for later reference. The 2024-2025 Self-Scoring Worksheet Training held last year is applicable to this 2024 Multifamily Consolidated RFP/2025 HTC Round 1.
Questions?
Contact the HTC Team at mhfa.htc@state.mn.us.
Intent to Apply: 2024 Multifamily Consolidated RFP/2025 HTC Round 1
The Intent to Apply (ITA) provides Minnesota Housing with each prospective application’s intended characteristics. The purpose of the ITA is to help Minnesota Housing plan for the potential scope and scale of applications and needed resources. The number of ITAs and other information will be shared with applicants.
The ITA is required for all 2024 Multifamily Consolidated RFP/2025 HTC Round 1 applications and the deadline to submit is noon Central Time on Tuesday, May 7, 2024. Projects that do not complete the ITA or meet this deadline will not be able to submit a full application. There are no checklist items or cost associated with the ITA.
To meet the ITA, prospective applicants need to create a project and setup their project’s characteristics in the Multifamily Customer Portal. This document shows how to setup and change project characteristics. Applicants can change their project’s characteristics up until the full application deadline, Thursday, July 11 at noon Central Time.
Questions?
Contact mhfa.consolidated.rfp@state.mn.us with any questions.
New to Intent to Apply: Estimated Scores Report
Minnesota Housing is excited to implement a new tool, the estimated scores report. At ITA, prospective applicants will be required to input data, including the project location, estimated project type and the estimated score from the Self-Scoring Worksheet. Using all prospective applications’ ITA information, the Estimated Scores tab will populate.
The purpose of the estimated scores report is to assist prospective applicants in determining their application’s competitiveness, which may result in applicants restructuring their project’s characteristics and/or altering their application submittal timeline.
The estimated scores report is for information purposes only and are in no way binding or a guarantee of final scores or awards. Estimated scores are created by perspective applicants, not Minnesota Housing. Final scores will be validated by Minnesota Housing during the evaluation process.
Questions?
Learn more in the Multifamily RFP Standards, and attend the first and second sessions of the 2024 Multifamily Consolidated RFP/2025 HTC Round 1 Virtual Kickoff Event for more information. Contact mhfa.consolidated.rfp@state.mn.us with any questions.
Get a Head-Start, Oldies but Goodies Trainings
Minnesota Housing will be releasing a series of trainings in April 2024 to help applicants submit a successful application through our Multifamily Customer Portal. In the meantime, get a head start and review previous trainings:
Questions?
Visit our Multifamily Consolidated Request for Proposals/Housing Tax Credits Funding Rounds webpage for additional information.
In Case You Missed It
Application Materials Updates
Last year many of the Multifamily Consolidated RFP/HTC application documents transitioned from annual to biennial forms to align with the two-year Qualified Allocation Plan (QAP) and Self-Scoring Worksheet.
Refer to the instructions on each application form to identify if it is applicable for both the 2023 and 2024 Multifamily Consolidated RFPs/2024 and 2025 HTC funding rounds. For application forms identified as an annual application form, a new application form and supporting document must be completed; outdated forms and/or supporting documents may have a negative impact on the project or considered ineligible for further processing.
Learn more in our March 5 eNews, and attend the second session of the 2024 Multifamily Consolidated RFP/2025 HTC Round 1 Virtual Kickoff Event for more information.
Questions?
Contact mhfa.consolidated.rfp@state.mn.us.
Apply for Funding through the Multifamily Customer Portal
All applicants must apply for funding in the Multifamily Customer Portal. To learn more about the Multifamily Customer Portal and to request a user account, visit our Multifamily Customer Portal Resources webpage.
Beginning on Wednesday, April 10, the following will be available in the Multifamily Customer Portal for the 2024 Multifamily Consolidated RFP/2025 HTC Round 1 Application:
- HUD Section 811 PRA Pre-Application checklist
- Innovative Construction Techniques Pre-Application checklist
- Intent to Apply
- Application checklist
- Scoring Wizard
Technical Assistance is Available
Minnesota Housing wants to help applicants submit competitive proposals. Technical assistance is strongly encouraged. Check out the technical assistance and training opportunities below:
Market Study Requirements Updates
Projects applying for funding for the 2024 Multifamily Consolidated RFP/2025 HTC Rounds 1 and 2 will no longer be required to submit a market study at application. Market studies are now only required for selected projects and will be collected post selection. This applies to projects applying as a 9% HTC or deferred with a 4% HTC financial structure. A market study will still be required at application/42M for projects applying through the 4% HTC Only round.
More information can be found in our January 18 eNews.
Approved Market Analyst List Updates: Renewals and New Applications
Due to the change in the market study requirement for the 2024 Multifamily Consolidated RFP/2025 HTC Rounds 1 and 2, Minnesota Housing is extending the market analyst renewal application due date. If your organization is currently on the Approved Market Analyst List and due for renewal on March 1, 2024, your organization will remain on the list until further notice, and you do not need to submit a renewal application at this time. We will provide further updates in a future eNews.
We are currently taking applications from market analysts who are not currently authorized and want to be considered for authorization to submit market studies in the 2024 Multifamily Consolidated RFP/2025 HTC Funding Rounds. Application materials and more information can be found in our January 18 eNews and on the Housing Tax Credits webpage.
Request for Action Submission Deadline is Friday, May 10
If a preservation project has existing Minnesota Housing debt that you want counted under Financial Readiness to Proceed/Leveraged Funds in the Self-Scoring Worksheet, contact the Request for Action (RFA) team no later than Friday, May 10, 2024. If you do not contact the RFA team by this date, Minnesota Housing staff will not have time to process your request, which could impact scoring.
Shopping for a First Mortgage or Thinking About Refinancing?
 Minnesota Housing wants to work with you on 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 rehabilitation or refinance. Our first mortgages are available year-round.
View our current interest rates and terms to learn more about what we offer.
Questions?
Contact Mike Tobias at michael.tobias@state.mn.us to get started.
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