Long Term Affordability for LIHTC Properties in Minnesota
Released in partnership with the Center for Urban and Regional Affairs (CURA), this report compiled and analyzed the nature and effects of the end of affordability restrictions of 4% and 9% low-income housing tax credits (LIHTC) in Minnesota. Policy options for continued affordability in properties that had used low-income tax credits were examined to determine their viability in the state of Minnesota. The report covered both Year 15 LIHTC exits and the traditional Year 30 completion of program obligations and identified properties nearing these critical time points where affordability could be lost. These identified properties can be targeted for use of policy alternatives or to identify communities that will soon be experiencing the loss of affordable housing units.
Thank you to Emily Anderson, MHP Intern and Humphrey School of Public Affairs student in Urban and Regional Planning with a minor in Public Policy. We are grateful to Emily for the amazing work she did to create this report and conduct other meaningful research in the field.