Tax Credit Contribution Fund Projects
Help finance affordable multifamily and single-family housing
throughout Minnesota
The Minnesota State Housing Tax Credit (SHTC) Contribution Program is a new way to help finance affordable housing throughout the state. Beginning October 4, 2023, eligible Minnesota corporate and individual taxpayers can contribute to the SHTC Program Fund and, in return, receive a substantial credit to offset their Minnesota taxes. Eligible Minnesota taxpayers can contribute between $1,000 and $2 million to the Contribution Fund and receive a state tax credit certificate (TCC) that equals 85% of their total contributions. You may make a Designated Contribution to a specific project or make your contribution to the General Contribution Pool, and it will be awarded to qualified projects through a competitive application process. Learn More about the SHTC Program.
85% TAX CREDIT ON YOUR
CONTRIBUTION
MAKE A DESIGNATED CONTRIBUTION
OR GIVE TO THE GENERAL POOL
62% OF ELI HOUSEHOLDS IN MN USE MORE THAN HALF THEIR INCOME ON HOUSING
This is a new program, and the deadlines for contributing in 2023 are very tight. There is a cap of $11.6 million on the total contributions that will be accepted in 2023. Applications will be reviewed on a first-come, first-served basis, and you must submit your application by December 13, 2023, to be eligible to receive the tax credit for the 2023 tax year.
FOR CONTRIBUTORS
DEVELOPERS/OWNERS/ADMINISTRATORS
PROJECTS SEEKING DESIGNATED SHTC CONTRIBUTIONS
The project information below has been submitted by the developer, owner or administrator of the project because they are seeking Designated Contributions from contributors like you. Click on the image of the project for all the project information you will need to submit your contribution application.
We are excited to report
that as of:
11.27.23
Amount of tax credits requested for 2023:
$3,504,542
Maximum tax credits to be allocated in 2023:
$9.9M
- All Cities
- All Cities
- Alexandria
- Brainerd
- Brooklyn Center
- Cold Spring
- Hackensack
- Hibbing
- Le Sueur
- Minneapolis
- New Brighton
- Richfield
- Rochester
- Shakopee
- Spicer
- St. Cloud
- St. Paul
- Thief River Falls
- Willmar
- Winona
- All Developers
- All Developers
- Aeon
- Amani Construction & Development
- Beacon Interfaith Housing Collaborative
- Bumpy Lane Richfield LLC
- Central MN Habitat Humanity
- Central MN Housing Partnership
- CommonBond Communities
- First Homes Properties
- Habitat for Humanity of Douglas County
- Habitat for Humanity of WCM
- Habitat for Humanity of West Central Minnesota
- Habitat for Humanity Winona County
- Lakes Area Habitat For Humanity
- North St. Louis County Habitat for Humanity
- North Star Neighbors
- Project for Pride in Living, Inc. (PPL)
- Three Rivers Community Action
- Twin Cities Habitat for Humanity
- All Owner Types
- All Owner Types
- Home Ownership
- Rental
DISCLAIMER: Minnesota Housing Partnership (MHP) is providing this Project listing as a public service and it is available to any developer, owner or administrator that believes the Project they are submitting is eligible to receive SHTC Designated Contributions. MHP reserves the right to reject any submitted material that appears to be incomplete, inappropriate and/or defamatory, and will make best efforts to contact the individual who submits the material to inform them of any such decision. The posted information is provided by the developer and the MHP makes NO representations as to the accuracy of the information.
Additional Information
Help finance affordable multifamily and single-family housing
throughout the state of Minnesota
CONTRIBUTION PROGRAM SUMMARY
PRESENTATION:
A PRIMER FOR DEVELOPERS
