What is the MN Affordable Housing Tax Credit (AHTC) Passed by the Minnesota legislature in 2021 the AHTC is a new housing tool invests $10 million annually to affordable and workforce housing. The tax credit will go into effect in 2023. It is the only new and on-going investment in housing development from…
Tax credit
What You Need to Know: Tax Credit Webinar
MHP hosted a virtual learning opportunity on the new MN Affordable Housing Tax Credit (AHTC) on Thursday, July 14, 2022. This new housing tool invests $10 million annually to affordable and workforce housing. Passed in 2021, it will go into effect in 2023. It is the only new…
Long Term Affordability for LIHTC Properties
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…
Local Housing Trust Funds
What is a Local Housing Trust Fund? Local Housing Trust Funds (LHTF) are established by a local government by dedicating local public revenue for housing. They are a consistent, flexible resource for housing within a local jurisdiction. Trust funds help communities leverage public and private resources and jumpstart projects that…