- Created: Friday, 30 December 2016 11:45
During its December meeting, the board of the Minnesota Housing Finance Agency (MHFA) dedicated most of its discussion to tax exempt financing, while also providing updates on the federal tax credit program, the state's allocation from the National Housing Trust Fund, the Agency's outreach and feedback regarding changes to the 4 percent tax credit and marketing of the Agency's Homeownership Lending Program.
National Housing Trust Fund
Commissioner Mary Tingerthal opened the meeting reporting that HUD had given final approval for the Agency’s plan to use its allocation from the National Housing Trust Fund. In the first year of their availability, these funds are being awarded to the Southwest MHP Solace Apartments development in Saint Peter. (Read our blog about the Solace project here.)