 Apply for Funding: Homeownership Investment Grants
Minnesota Housing is pleased to announce the availability of up to $37,000,000 in funding to support Community Development Financial Institutions’ critical and necessary work in creating and preserving affordable homeownership opportunities across the state – accelerating production, leveraging existing state and federal programs and private sector investments, and addressing gaps in existing homeownership financing resources available to meet housing needs.
Eligible Organizations
- Qualify for tax exempt status under United States Code, title 26, section 501 (c)(3).
- Have primary operations located in Minnesota.
- Be certified as a Community Development Financial Institution by the United States Department of the Treasury; and
- Provide affordable housing lending or financing programs.
Link to United States Treasury CFDI Certification List: List of Certified CDFIs
Eligible Activities
- Housing development to increase the supply of affordable owner-occupied homes.
- Financing programs for affordable owner-occupied new home construction
- Acquisition, rehabilitation, and resale of affordable owner-occupied homes or homes to be converted to owner-occupied homes; or
- Establishing revolving loan accounts at Community Development Financial Institutions.
Organizations applying for a grant must include a plan to create new affordable homeownership and home preservation opportunities for targeted areas.
Information Session
Minnesota Housing is hosting a Request for Proposals (RFP) Technical Assistance session on February 20, 2025, from 1:30 - 2:30 p.m. via Teams. The information session will provide an overview of RFP content and allow time for questions. Questions may be submitted in writing in advance of the Information Session to hig.mhfa@state.mn.us.
Homeownership Investment Grants RFP Information Session
February 20, 2025
1:30 - 2:30 p.m. Central time
The information session will be recorded and posted to Minnesota Housing’s website: Community Initiatives Programs - Homeownership Grants Program.
Application Deadline and Materials
Applications are due noon Central time on March 12, 2025. For application materials and more information, visit Minnesota Housing’s website Request For Proposals.
Questions?
Questions should be directed to hig.mhfa@state.mn.us.
This request does not obligate Minnesota Housing Finance Agency to complete the work contemplated in this notice. Minnesota Housing Finance Agency reserves the right to cancel this solicitation. All expenses incurred in responding to this notice are solely the responsibility of the responder.
About Minnesota Housing
Minnesota Housing, the state’s housing finance agency, works to provide access to safe, stable and accessible housing Minnesotans can afford in a community of their choice. In 2024, we distributed $1.96 billion in resources and served 73,650 households. Visit our website to learn more.
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