UPDATE: Applications to Contribute to the State Housing Tax Credit Contribution Fund Open on February 17
Minnesota Housing will begin accepting applications for contributions to the State Housing Tax Credit (SHTC) Contribution Fund on Tuesday, February 17, 2026, at 8:00 a.m. Central time. The original opening date falls on a federal holiday, so this change allows staff to be available for technical assistance.
The SHTC Program and Contribution Fund allows taxpayers to invest in housing across the state by contributing from $1,000 up to $2 million each tax year to the program fund and, in return, receive a state tax credit certificate that equals 85% of their contributions, which may be used to reduce their Minnesota state tax obligation.
How to Contribute
The 2026 SHTC contribution process is as follows:
-
Complete the State Housing Tax Credit Contribution Application: Eligible taxpayers complete and submit the online State Housing Tax Credit Contribution Application. Submitting an application reserves SHTCs while Minnesota Housing reviews your information. SHTCs are reserved on a first-come, first-served basis. Applicants will not receive an automated confirmation email upon submission.
-
Application Review by Minnesota Housing: Minnesota Housing staff reviews the application. If the application is accepted, the applicant will receive an email via DocuSign, typically within 10 business days, with a document to electronically sign and payment instructions. If the application is not accepted, Minnesota Housing staff will notify the applicant.
-
Submit Signed Document and Contribution: To secure tax credits, the applicant must return the signed document and full payment within the timeframe specified in the DocuSign email. Failure to do so may result in withdrawal of the application.
-
Issuance of Tax Credit Certificate: Once Minnesota Housing receives the signed document and funds, the tax credit certificate will be issued within 30 days.
Contributions are irrevocable. Minnesota Housing may, at its sole discretion, decline to issue a tax credit certificate and return any contribution. Minnesota Housing cannot provide tax advice and recommends consulting with a tax professional.
Questions?
Contact Krissi Mills, Program Manager, at StateHTC.MHFA@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.
|
