MN Housing board update: Major policy change proposed for 2019 QAP
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- Created: Monday, 05 June 2017 16:22
At its May meeting, the board of the Minnesota Housing Finance Agency discussed a major policy change in the draft 2019 tax credit Qualified Allocation Plan (QAP), extending affordability for 9% tax credit projects; the reach and impact of the Family Homeless Prevention and Assistance Program (FHPAP); a move to forgive the debt on a foreclosure response initiative; the latest developments at the state legislature and more.
In her opening remarks, Minnesota Housing Commissioner Mary Tingerthal reported to the board on the PBS Frontline program, “Poverty, Politics and Profit.” She said that, contrary to industry expectations, reactions to the program were muted. To ensure that any questions or concerns that may have surfaced as a result of the program were addressed, Agency staff contacted Minnesota Congressional delegation offices. She also noted that, the Agency's office move to the former St. Paul Macy’s store will occur over a several week period in September.
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