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This eNews provides important information regarding the 2025 Multifamily Consolidated Request for Proposals (RFP)/2026 Housing Tax Credit (HTC) Round 1. Read below to learn more about the Intent to Apply deadline requirements and tips, Underwriting Standards release information, Scoring Wizard updates, and more.
In this eNews
In Case You Missed It
2025 Multifamily Consolidated RFP/2026 HTC Round 1 Application Dates
Important dates for the 2025 Multifamily Consolidated RFP/2026 HTC Round 1 are listed below and on the Multifamily Consolidated Request for Proposals/Housing Tax Credit Funding Rounds webpage.
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Thursday, May 8 at noon Central Time: Deadline to submit Intent to Apply; required for all 2025 Multifamily Consolidated RFP/2026 HTC Round 1 applications
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Thursday, May 29 at noon Central Time: Deadline to submit pre-applications for the HUD Section 811 PRA Program and ICT selection criterion
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Thursday, July 10 at noon Central Time: Deadline to submit 2025 Multifamily Consolidated RFP/2026 HTC Round 1 applications
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December: Minnesota Housing board members meeting to approve selection recommendations
Stay up to date on 2025 Multifamily Consolidated RFP/2026 HTC Round 1 news and updates by signing up for our eNews list.
Questions?
Contact mhfa.consolidated.rfp@state.mn.us.
Multifamily Underwriting Standards Available
The Multifamily Underwriting Standards and Multifamily Underwriting Standards Release Notes for the 2025 Multifamily Consolidated RFP/2026 HTC Round 1 are available! The Multifamily Underwriting Standards reflect Minnesota Housing’s general approach to underwriting, but is not meant to be comprehensive, nor address every possible situation. Prospective applicants should use the Multifamily Underwriting Standards to help guide the sizing of their funding request for:
- Low and Moderate Income Rental (LMIR) Amortizing Loans;
- Deferred Loans; and
- HTCs—both those allocated in the competitive (9%) rounds as well as those awarded in conjunction with tax-exempt volume limited bonds (4%).
Questions?
Contact mhfa.MFTechAssist@state.mn.us.
Reminder: Intent to Apply Deadline is Thursday, May 8
All 2025 Multifamily Consolidated RFP/2026 HTC Round 1 prospective applicants are required to complete the Intent to Apply (ITA) process by noon Central Time on Thursday, May 8, 2025. The purpose of the ITA is to help Minnesota Housing plan for the potential scope and scale of applications and needed resources.
Prospective applicants may change their project’s characteristics up until the full application deadline, Thursday, July 10 at noon Central Time.
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.
New Requirements
To complete the ITA, prospective applicants are required to create a project and setup their project(s)’ intended details and characteristics in the Multifamily Customer Portal. This includes, but is not limited to, the following:
- Intended project name, street(s), city, Minnesota, and contact(s): A site must have been identified at the time of ITA and be in the process of obtaining, or have obtained, the address at the time of application; should the parcel address be pending, at minimum, include the streets, for example, XXXX Main Street or Main Street and Central Avenue
- Intended financial structure and application proposal type(s)
- Estimated project type(s)
- Estimated number of units and population(s) served
- Estimated total development cost
- Estimated score from the Self-Scoring Worksheet
- Intended characteristics; at minimum, one proposal type and one construction type
For more information about application requirements, view the Multifamily RFP Standards. Refer to this document for instructions on how to set up and change project characteristics.
Questions?
Contact mhfa.consolidated.rfp@state.mn.us.
Tips for Submitting a Successful Intent to Apply
Prospective applicants that do not complete the ITA or meet the ITA deadline will not be able to submit a full application for the 2025 Multifamily Consolidated RFP/2026 HTC Round 1. To ensure a successful ITA submission, here are some helpful tips:
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Watch Multifamily Customer Portal Tutorials to learn about the Intent to Apply process. Tutorials can be found under the How do I use the Portal? section of the Multifamily Customer Portal Resources
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Create your project before the deadline. Use the Apply for Funding Wizard to create your project in the funding round. You cannot add additional projects after the Intent to Apply deadline.
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Select your project characteristics. All projects must have at least one proposal type and one construction type selected.
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Confirm the project details match your selected characteristics. Review the fields on the project details tab to confirm they align with your project characteristics. Update the proposal types, project type, and estimated score as needed.
Once the ITA for the project has been created, the project’s primary address, property number (D#), and project number in the Multifamily Customer Portal must match the Multifamily Workbook. These items will be validated during the evaluation period.
Questions?
Contact mhfa.app@state.mn.us.
Scoring Wizard Update Coming Soon
There will be an update to the Scoring Wizard to reflect changes in the 2026-2027 Self-Scoring Worksheet related to Black-, Indigenous-, People of Color–owned Business Enterprises or Women-owned Business Enterprises, Capacity Building Partnerships.
The 2026-2027 Self-Scoring Worksheet allows prospective applicants to claim more than one option for this question, rather than being limited to a single selection. This change affects the Black-, Indigenous-, People of Color–owned Business Enterprises or Women-owned Business Enterprises, Capacity Building Partnership questions on the Increasing Housing Choice; Supporting Community and Economic Development page of the Scoring Wizard.
An update will be released soon. In the meantime, applicants should review the Self-Scoring Worksheet for full details on scoring changes.
Other Homeless – Guidance on Completing the Multifamily Workbook
The 2026-2027 Self-Scoring Worksheet has a new selection criterion, Other Homeless, found in the Permanent Supportive Housing for Households Experiencing Homelessness selection criterion. Other Homeless units are only available to projects that are eligible for the High Priority Homeless (HPH) selection criterion and agree to set aside and rent additional unit(s) to serve Other Homeless households in a primarily supportive housing project.
If you are submitting an application for a primarily supportive housing project that includes Other Homeless units, the Other Homeless units should be reflected in the rent and income grid located on the Housing Income tab of the Multifamily Workbook in the Source of Rental Assistance or Operating Subsidy column. Other Homeless units can overlap with People with Disabilities (PWD) units or stand alone. Do not mark Other Homeless units as HPH. See example below.
Review the Self-Scoring Worksheet training and slides for instructions and additional detail on the Other Homeless selection criterion.
Questions?
Contact Sara Gomoll at sara.gomoll@state.mn.us.
Kickoff Event and Self-Scoring Worksheet Training Recordings Now Available
Minnesota Housing staff hosted a virtual kickoff event providing prospective applicants with an overview of the Multifamily Consolidated RFP processes, including application timeline and selection and funding framework, and program and policy updates including prevailing wage, wage theft, and Building Standard requirements.
Additionally, Minnesota Housing hosted a virtual training session on the 2026-2027 Self-Scoring Worksheet to assist applicants in completing this application requirement.
Recordings for both of these events are now available for review on Minnesota Housing’s Multifamily Consolidated Request for Proposals/Housing Tax Credit Funding Rounds webpage under the Training Resources and Recordings tab of the 2025 Multifamily Consolidated RFP/2026 HTC Round 1 section.
Technical Assistance is Available
Minnesota Housing wants to help applicants submit competitive proposals. Technical assistance is strongly encouraged. Check out the contact information and technical assistance opportunities below:
In Case You Missed It
Pre-Applications Due Thursday, May 29
Two pre-applications are available for the 2025 Multifamily Consolidated RFP/2026 HTC Round 1:
- HUD Section 811 Project-Based Rental Assistance (HUD Section 811 PRA) Program
- Innovative Construction Techniques (ICT) Selection Criterion
The pre-application checklists are open in the Multifamily Customer Portal, and are due by noon Central Time on Thursday, May 29, 2025. Minnesota Housing will notify applicants of eligibility by prior to the full application deadline.
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 are available for units for people with disabilities through the 2025 Multifamily Consolidated RFP/2026 HTC Round 1. Awards are contingent on funding availability.
Applicants are required to submit a HUD Section 811 PRA Program Pre-Application to determine eligibility prior to submitting a full 2025 Multifamily Consolidated RFP/2026 HTC Round 1 Application. Additionally, applicants must apply and be selected for capital funding through the Multifamily Consolidated RFP/HTC Round 1 to be eligible for HUD Section 811 PRA Program funds.
For more information, visit Minnesota Housing’s HUD Section 811 PRA Program webpage. Questions can be directed to Ellie Miller at 651.215.6236 or ellie.miller@state.mn.us.
Innovative Construction Techniques Selection Criterion
Minnesota Housing is now offering a selection criterion for projects that will use ICT.
All conditions a proposed project must meet are outlined in the 2026-2027 Self-Scoring Worksheet and the ICT Narrative. Applicants are required to submit the narrative and supporting documentation to be eligible to receive points for this selection criterion.
Questions can be directed to Mike Thomas at 651.276.1170 or mike.thomas@state.mn.us.
Metropolitan Council Local Housing Incentives Account Applications Available and Due Thursday, July 10
The Metropolitan Council approved a total of $2.5 million for the Local Housing Incentives Account (LHIA). These grant dollars are available in the multifamily deferred pool of financing in the 2025 Multifamily Consolidated RFP/2026 HTC Round 1. Only projects located in participating cities that have enrolled in the Metropolitan Council’s Livable Communities Act program are eligible for these funds.
LHIA funds may be awarded without Minnesota Housing funding. However, a complete 2025 Multifamily Consolidated RFP/2026 HTC Round 1 Application must be submitted to be considered. Applications are available in the Multifamily Customer Portal, and are due by noon Central Time on Thursday, July 10.
More information about the program, including how to apply, matching requirements, eligible uses, and more can be found on the Metropolitan Council’s Local Housing Incentives Account webpage, on Minnesota Housing’s Multifamily Consolidated Request for Proposals/Housing Tax Credit Funding Rounds webpage, and in our March 20 eNews.
Questions?
Visit the Metropolitan Council’s Local Housing Incentives Account webpage or contact Emily Seddon, Senior Planner, at emily.seddon@metc.state.mn.us.
Apply for Funding through the Multifamily Customer Portal
All 2025 Multifamily Consolidated RFP/2026 HTC Round 1 applicants must apply for funding through 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.
The following is available in the Multifamily Customer Portal:
- Project creation and characteristic configuration to complete the Intent to Apply process
- HUD Section 811 PRA Program pre-application checklist
- ICT pre-application checklist, which is the ICT Narrative
- Application forms and checklists
- Scoring Wizard
- Funding partner application for Metropolitan Council’s LHIA funds
Updated Multifamily Rent and Income Limits Available
Minnesota Housing uses the United States Department of Housing and Urban Development (HUD) published limits to compute income and rent limits for Multifamily loan programs. Be sure to sign up for our Multifamily Compliance Alerts eNews list to receive timely compliance related updates and reminders.
Income Limits and Fair Market Rents
HUD published FY2025 Income Limits and FY2025 Fair Market Rents for the Section 8 Program and the Multifamily Tax Subsidy Projects (MTSP) for Housing Tax Credit and Tax-Exempt Bond financed properties. Per HUD, the FY2025 Income Limits have an effective date of April 1, 2025, and the FY2025 Fair Market Rents have an effective date of October 1, 2024. Based on these updates, the following FY2025 income and rent limits are now available on our Multifamily Rent and Income Limits webpage:
- Section 8 limits and related transmittal notice
- MTSP rent and income limits, Tables A through Q
- Deferred loan rent and income limits
- Affordable to Local Workforce rent limits
- Supportive Housing Standards
- Housing Infrastructure Bonds (HIB) income limits for senior housing
- Low and Moderate Income Rental program (LMIR) income limits
Review our April 24 Multifamily Rent and Income Limits eNews for additional information.
HOME Program and NHTF Program Rent and Income Limits
FY2025 income and rent limits have not been released for the HOME Investment Partnerships Program (HOME) and the National Housing Trust Fund (NHTF) Program. Owners must use FY2024 HOME and NHTF Program income limits until HUD releases FY2025 Income Limits for these programs. Minnesota Housing will send an eNews when these updated limits are available on our Multifamily Rent and Income Limits webpage.
Review Previous Trainings
Minnesota Housing will be releasing a series of trainings in May 2025 to help applicants submit successful applications and learn about Minnesota Housing’s processes. In the meantime, get a head start and review previous trainings:
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Apply for Funding: Learn how to get started in the Multifamily Customer Portal and how to find open funding rounds, create a project using the Apply for Funding Wizard, and request project team access.
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Intent to Apply: Learn what the Intent to Apply is, the steps you need to complete to meet the deadline, and how to withdraw a project from consideration.
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Project Checklist: Learn how to select project characteristics, manage checklist items, and submit a checklist.
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Scoring Wizard: Learn how to use the Scoring Wizard to complete the self-scoring process.
Questions?
Visit our Multifamily Consolidated Request for Proposals/Housing Tax Credit Funding Rounds webpage for additional information.
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.
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, the Agency distributed $1.96 billion in resources and served 73,650 households. Visit our website to learn more.
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